
Grimaldi Group has gained title to all the shares in Finnlines Plc and the shares are thus delisted
FerryGrimaldi Group S.p.A. has today lodged a security approved by the Arbitral Tribunal in connection with the redemption of the minority shares in Finnlines Plc and thus acquired title to all the outstanding shares in Finnlines.
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 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.
aug 25 2016
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