Wed August 16 12:00 am 2000 in category Stock exchange releases
Nokian Tyres plc Stock exchange bulletin 16 August 2000 5 pm.
On 16 August 2000 the court of arbitration appointed by the Finnish Central Chamber of Commerce has in its session confirmed that Nokian Tyres plc has an undisputed right to redeem the minority shares in Isko Oyj and approved the security issued by Nokian Tyres plc.
Pursuant to the Companies Act Nokian Tyres has the right to receive title to the minority shares of Isko, as it has issued a security approved by the Court of Arbitration, whereafter its portion of the shares in Isko has risen to 100%.
The minority shareholders of Isko do not need to take any measures with regard to the information contained in this bulletin. The court of arbitration appointed by the Central Chamber of Commerce will determine the redemption price on 11 September 2000.
Isko has on 16 August 2000 filed an application regarding the removal of its shares from the I-list of Helsinki Stock Exchange with the Board of Directors of the Helsinki Stock Exchange.
Nokian Tyres plc
Raila Hietala-Hellman
Vice President, Public Information
Further information:
Mr. Rami Helminen, Vice President, Finance and Control, tel. +358 3 340 7463.
Distribution Hex and Major media
THE COURT OF ARBITRATION CONFIRMED NOKIAN TYRES' RIGHT OF REDEMPTION
On 16 August 2000 the court of arbitration appointed by the Finnish Central Chamber of Commerce has in its session confirmed that Nokian Tyres plc has an undisputed right to redeem the minority shares in Isko Oyj and approved the security issued by Nokian Tyres plc.
Pursuant to the Companies Act Nokian Tyres has the right to receive title to the minority shares of Isko, as it has issued a security approved by the Court of Arbitration, whereafter its portion of the shares in Isko has risen to 100%.
The minority shareholders of Isko do not need to take any measures with regard to the information contained in this bulletin. The court of arbitration appointed by the Central Chamber of Commerce will determine the redemption price on 11 September 2000.
Isko has on 16 August 2000 filed an application regarding the removal of its shares from the I-list of Helsinki Stock Exchange with the Board of Directors of the Helsinki Stock Exchange.
Nokian Tyres plc
Raila Hietala-Hellman
Vice President, Public Information
Further information:
Mr. Rami Helminen, Vice President, Finance and Control, tel. +358 3 340 7463.
Distribution Hex and Major media