Helsinki, Finland, 2016-08-17 10:00 CEST (GLOBE NEWSWIRE) --
The Board of Directors of Finnlines Plc ("Finnlines") has resolved to apply for the termination of trading in the Finnlines shares and for the delisting of the shares from the official list of Nasdaq Helsinki Ltd (“Nasdaq Helsinki”). A delisting application will be filed with Nasdaq Helsinki today. In the application Finnlines requests the Finnlines shares to be delisted from the official list of Nasdaq Helsinki as soon as possible upon Grimaldi Group S.p.A. ("Grimaldi") having gained title to all the shares in Finnlines.
In accordance with the separate interim award rendered on 21 June 2016 by the Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce, Grimaldi is entitled to gain title to all the shares in Finnlines against the placing of a security approved by the Arbitral Tribunal for the payment of the redemption price.
A separate stock exchange release will be published regarding the placing of the security and subsequent suspension of public trading in the Finnlines shares.
Further information:
Tapani Voionmaa, Group General Counsel, tel. +358 50 565 5207
Finnlines Plc
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Tom Pippingsköld CFO |
Tapani Voionmaa Group General Counsel |
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Nasdaq Helsinki Ltd
Main media
About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd and is a part of the Grimaldi Group, one of the world's largest operators of ro-ro vessels and the largest operator of the Motorways of the Sea in Europe for both passengers and freight. This affiliation enables Finnlines to offer liner services to and from any destination in the Mediterranean, North Europe, West Africa as well as the Atlantic coast of both North and South America.
www.finnlines.com