CapMan Plc Stock Exchange Release 9 June 2017 at 18.15 p.m. EEST
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According to the decision of the arbitral tribunal, CapMan Plc has the right to redeem the minority shares in Norvestia Oyj
The arbitral tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce has in its decision on 5 June 2017 confirmed that CapMan Plc (“CapMan”) has the right to redeem the minority shares in Norvestia Oyj (“Norvestia”), and the right to obtain the title to the shares in question by posting a security approved by the arbitral tribunal for the payment of the redemption price and the interest and the penalty interest accruing thereon.
The arbitral tribunal has today on 9 June 2017 approved a security proposed by CapMan. CapMan aims to post the security approved by the arbitral tribunal as soon as possible. Norvestia has applied for the de-listing of its shares from trading on Nasdaq Helsinki Ltd (“Helsinki Stock Exchange”) following the posting of the security. The Helsinki Stock Exchange halted the trading in Norvestia’s shares on 9 June 2017 5.08 p.m. (EEST) due to the delisting process. Posting of the security and the delisting of Norvestia’s shares will be announced separately.
BOARD OF DIRECTORS
Joakim Frimodig, Interim CEO, CapMan Plc, tel. +358 50 529 0665
CapMan is a leading Nordic investment and specialised asset management company. As one of the Nordic private equity pioneers we have actively developed hundreds of companies and real estate and thereby created substantial value in these businesses and assets over the last 25 years. CapMan has today 100 private equity professionals and manages 2.8 billion in assets. We mainly manage the assets of our customers, the investors, but also make direct investments from our own balance sheet in areas without an active fund. Our objective is to provide attractive returns and innovative solutions to investors and value adding services to professional investment partnerships, growth-oriented companies and tenants. Our current investment strategies cover Buyout, Growth Equity, Real Estate, Russia, Credit, Infrastructure and Tactical Opportunities. We also have a growing service business that currently includes fundraising advisory, procurement activities and fund management.