Helsinki, Finland, 2016-01-19 15:30 CET (GLOBE NEWSWIRE) --
TALENTUM STOCK EXCHANGE RELEASE 19 January, 2016 at 4:30 p.m.
Arbitrators appointed for the redemption of Talentum minority shares
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The Redemption Committee of the Finland Chamber of Commerce has appointed an Arbitral Tribunal consisting of three arbitrators to settle the disagreements over the right of squeeze-out relating to Talentum Corporation (“Talentum”) shares not held by Alma Media Corporation (“Alma Media”) and over the squeeze-out price. The Arbitral Tribunal comprises professor Raimo Immonen (Chairman), attorney Gisela Knuts and attorney Harriet Lagus.
Talentum announced on 17 November 2015 Alma Media´s announcement that Alma Media will commence redemption proceedings in respect of all the Talentum shares held by minority shareholders by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Limited Liability Companies Act.
TALENTUM CORPORATION
Aarne Aktan, CEO, Talentum Corporation
aarne.aktan@talentum.com
+358 40 342 4440
Distribution:
Nasdaq Helsinki
Principal media
www.talentum.fi
TALENTUM IN BRIEF
Talentum Corporation focuses on professionals with main products of magazines, books, digital services, trainings and events. Talentum produces contents from various fields of economy, law, management, HR, sales and marketing, ICT, technology and health care with the mission to help professionals succeed.
In 2014, Talentum's net sales totalled EUR 72.3 million. The company employs 720 persons in Finland, Sweden, Denmark, Estonia and Latvia. Talentum Corporation is listed on Nasdaq Helsinki. Read more: www.talentum.fi.