Home News 2010 Outotec has gained title to all the shares in Larox
Stock Exchange Release June 10, 2010 02:30:00 PM CET

Outotec has gained title to all the shares in Larox

OUTOTEC OYJ  STOCK EXCHANGE RELEASE, JUNE 10, 2010 AT 2.30 PM

 

Outotec has gained title to all the shares in Larox

 

The Arbitral Tribunal appointed by the Redemption Committee of the Central Chamber of Commerce of Finland has today confirmed that Outotec Oyj has the right to redeem the minority shares in Larox Corporation and that Outotec has the right to obtain title to the minority shares by lodging security approved by the Arbitral Tribunal for the payment of the redemption price and the interest accruing thereon.

 

Outotec has today lodged security approved by the Arbitral Tribunal and thus gained title to all the shares in Larox in accordance with Chapter 18, Section 6 of the Finnish Companies Act. After the security having been lodged, the minority shareholders of Larox being parties to the redemption proceedings are only entitled to receive the redemption price and the interest payable thereon.

 

Upon application by Larox, NASDAQ OMX Helsinki has decided that the Larox shares will be delisted from NASDAQ OMX Helsinki upon title to all shares in Larox having been transferred to Outotec. The quoting of the Larox shares will thus cease in accordance with a separate release to be published by NASDAQ OMX Helsinki.

 

 

For further information, please contact:

 

OUTOTEC

 

Rita Uotila, VP - Investor Relations

tel. +358 20 529 2003, +358 400 954 141

 

Eila Paatela, VP - Corporate Communications

tel. +358 20 529 2004, +358 400 817 198

 

e-mails: firstname.lastname@outotec.com

 

 

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NASDAQ OMX Helsinki

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