Ramirent Plc
Stock Exchange Release
August 21, 2019 at 3:30 p.m. EEST
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG, OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.
Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Ramirent Plc
Loxam S.A.S. ("Loxam") has on July 29, 2019 commenced redemption proceedings in respect of Ramirent Plc's ("Ramirent") minority shares by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Ramirent.
As a result of Loxam's application for the above-mentioned arbitration proceedings, the Redemption Board of the Finland Chamber of Commerce has petitioned the District Court of Helsinki for the appointment of a trustee to look after the interests of Ramirent's minority shareholders during the redemption process. With its decision given on August 13, 2019, the District Court of Helsinki has appointed Professor Kari Hoppu to act as such trustee.
Loxam's notice, as referred to in Chapter 18, Section 5, Subsection 2 of the Finnish Companies Act, is attached to this release and has been published on the website of the company.
For further information, please contact:
Jukka Havia, EVP and CFO, Ramirent Plc, Tel. +358 50 355 3757, jukka.havia@ramirent.com
Ramirent is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have around 3,000 co-workers and 300 customer centers across nine countries in Northern and Eastern Europe. In 2018, Ramirent Group sales reached a total of EUR 712 million. Ramirent is listed on Nasdaq Helsinki Ltd (RAMI). Loxam S.A.S. has acquired more than 90 percent of all the Ramirent shares and will delist the company from Nasdaq Helsinki Ltd. as soon as permitted under applicable laws.
Ramirent - Gear Up. Equipment rental at your service
Distribution: Nasdaq Helsinki Ltd, the main media, www.ramirent.com
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