TECHNOPOLIS PLC STOCK EXCHANGE RELEASE December 20, 2018 at 6:15 p.m. EET
Three Arbitrators Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Technopolis Plc
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Technopolis Plc (“Technopolis”) announced on October 17, 2018 that Kildare Nordic Acquisitions S.à r.l (“Kildare”) has commenced redemption proceedings in respect of minority shares in Technopolis by initiating arbitration proceedings in accordance with the Finnish Companies Act in order to obtain ownership of all the outstanding shares in Technopolis.
Today, Kildare has been informed that the Redemption Board of the Finland Chamber of Commerce has appointed an arbitral tribunal consisting of three arbitrators for the redemption proceedings concerning the redemption of the outstanding shares in Technopolis not held by Kildare. The arbitral tribunal comprises attorney-at-law Niina Palaja (Chair), Professor Matti J. Sillanpää and D.Sc. (Econ.) Harri Seppänen.
Outi Raekivi, Chief Legal Officer, tel. +358 50 303 9393
Technopolis is a shared workspace expert. We provide efficient and flexible offices, coworking spaces and everything that goes with them. Our services run from designing the workspace to reception, meeting solutions, restaurants and cleaning. We are obsessed with customer satisfaction and value creation. Our 17 campuses host 1,600 companies with 50,000 employees in seven countries within the Nordic and Baltic Sea region. Technopolis Plc (TPS1V) is listed on Nasdaq Helsinki. www.technopolis.fi/en