Home News 2010 The Arbitral Tribunal's decision regarding the redemption price for the minority shares of Larox Corporation
Press Release August 13, 2010 04:00:26 PM CET

The Arbitral Tribunal's decision regarding the redemption price for the minority shares of Larox Corporation

OUTOTEC OYJ      PRESS RELEASE  AUGUST 13, 2010 AT 4.00 PM

 

The Arbitral Tribunal's decision regarding the redemption price for the minority shares of Larox Corporation

 

The Arbitral Tribunal appointed by the Redemption Committee of the Central Chamber of Commerce of Finland has today in its award confirmed the redemption price for the shares in Larox Corporation (currently Outotec (Filters) Oy) at EUR 10.00 per share. 143,798 shares are subject to redemption and the redemption price for the remaining shares is thus approximately EUR 1.4 million.

 

The redemption price, together with the interest payable thereon, will be paid to the minority shareholders no later than within one month from the effective date of the arbitral award.

 

For further information, please contact:

 

OUTOTEC OYJ

 

Sami Lindström, Vice President - General Counsel
tel. +358 20 529 2032, +358 40 577 4344

 

 

Eila Paatela, Vice President - Corporate Communications
tel. +358 20 529 2004, +358 400 817 198

 

e-mails firstname.lastname@outotec.com

 

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