Helsinki, Finland, 2015-10-12 12:45 CEST (GLOBE NEWSWIRE) --
Finnlines Plc Stock Exchange Release 12 October 2015 at 13:45
COMMENCEMENT OF RIGHTS OF SQUEEZE-OUT AND SELL-OUT PURSUANT TO THE FINNISH COMPANIES ACT
Grimaldi Group S.p.A. ("Grimaldi") has notified Finnlines Plc ("Finnlines") in accordance with Chapter 18, Section 2, Subsection 1 of the Finnish Companies Act (624/2006) that it holds approximately 91.32 per cent of all shares and votes in Finnlines. Because Grimaldi holds more than 9/10 of all shares and votes in Finnlines, it has the right and obligation under chapter 18, section 1 of the Finnish Companies Act to redeem the shares held by Finnlines’ other shareholders at the fair price.
Further information: Tapani Voionmaa, Group General Counsel, tel. +358 50 565 5207
Finnlines Plc
Tom Pippingsköld Tapani Voionmaa
CFO Group General Counsel
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Nasdaq OMX Helsinki Ltd
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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 OMX 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, West Africa as well as the Atlantic coast of both North and South America.