Ahlstrom Munksjö Oyj Applies for the Delisting of Its Shares from Nasdaq Helsinki and Nasdaq Stockholm - Global Paper Money

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Ahlstrom Munksjö Oyj Applies for the Delisting of Its Shares from Nasdaq Helsinki and Nasdaq Stockholm

FINLAND (News release) -- The Board of Directors of Ahlstrom-Munksjö Oyj has resolved to apply for the termination of public trading in the shares of Ahlstrom-Munksjö and for the delisting of its shares from the official list of Nasdaq Helsinki Ltd and from the main market of Nasdaq Stockholm AB.

Spa Holdings 3 Oy holds more than 90 per cent of all the shares and voting rights carried by the shares in Ahlstrom-Munksjö, and has on February 17, 2021 commenced redemption proceedings in respect of Ahlstrom-Munksjö 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 Ahlstrom-Munksjö.

The Board of Directors has resolved to submit applications to Nasdaq Helsinki and to Nasdaq Stockholm for the termination of public trading and for the delisting of the Ahlstrom-Munksjö shares. In the applications, it will be requested that the delisting (i) in respect of the Ahlstrom-Munksjö shares admitted to trading on the main market of Nasdaq Stockholm would become effective on or about May 31, 2021, and (ii) in respect of the Ahlstrom-Munksjö shares admitted to trading on the official list of Nasdaq Helsinki would become effective as soon as possible upon Spa Holdings 3 having gained title to all the shares in Ahlstrom-Munksjö in the pending redemption proceedings under Chapter 18 of the Finnish Companies Act.

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