Helsinki, Finland, 2016-08-25 12:50 CEST (GLOBE NEWSWIRE) --
Grimaldi Group S.p.A. ("Grimaldi") has today lodged a security approved by the Arbitral Tribunal in connection with the redemption of the minority shares in Finnlines Plc ("Finnlines") and thus acquired title to all the outstanding shares in Finnlines in accordance with Chapter 18, Section 6 of the Finnish Companies Act. As a consequence of the lodging of the security, the minority shareholders of Finnlines are entitled only to the redemption price and to the interest accruing thereon. The Arbitral Tribunal will later render its final arbitral award, in which the redemption price will be determined.
Finnlines issued earlier today a stock exchange release, according to which the Listing Committee of Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has resolved upon the delisting of Finnlines Plc's shares. Today, Nasdaq Helsinki Ltd suspended trading in the Finnlines shares in connection with the delisting process and has also today issued a release on the delisting of the share from Nasdaq Helsinki. The Finnlines shares are listed for the last day on 25 August 2016.
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
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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 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