Uponor applies for the delisting of its shares from Nasdaq Helsinki Ltd
March 22 2024 - 3:05AM
Uponor applies for the delisting of its shares from Nasdaq Helsinki
Ltd
Uponor Corporation, Stock Exchange Release, 22
March 2024 at 10:05 am EET
Uponor applies for the delisting of its
shares from Nasdaq Helsinki Ltd
Uponor Corporation (“Uponor”)
has resolved to apply for the termination of public trading in the
shares of Uponor and for the delisting of its shares from the
Official List of Nasdaq Helsinki Ltd (“Nasdaq
Helsinki”).
Georg Fischer AG (“GF”) holds
more than 90 percent of all the shares and voting rights carried by
the shares in Uponor. GF has on December 29, 2023, initiated
redemption proceedings in respect of Uponor minority shares in
order to obtain ownership of all the issued and outstanding shares
in Uponor by serving its application to appoint an arbitral
tribunal and to initiate arbitration proceedings in accordance with
Chapter 18, Section 5, of the Finnish Companies Act.
Uponor has resolved to submit an application to
Nasdaq Helsinki for the termination of public trading and for the
delisting of the Uponor shares. In the application, it will be
requested that the delisting in respect of the Uponor shares
admitted to trading on the Official List of Nasdaq Helsinki would
become effective as soon as possible upon GF having gained title to
all the shares in Uponor in the pending redemption proceedings
under Chapter 18 of the Finnish Companies Act.
Additional information:Reetta
Härkki, Senior Vice President and Chief Legal OfficerUponor
Corporationreetta.harkki@uponor.com+358 (0)20 129 2835
DISTRIBUTION: Nasdaq Helsinki
Major media www.uponorgroup.com
Uponor in briefUponor, a
leading global provider of sustainable and innovative flow
solutions, was acquired in November 2023 and became a division of
Georg Fischer. We help customers in residential and commercial
construction be more productive and continuously find new ways to
conserve, manage and provide water responsibly in buildings and
homes, unlocking its potential to provide comfort, health and
efficiency. Our safe drinking and waste water solutions as well as
energy-efficient radiant heating and cooling solutions are sold in
more than 80 countries. www.uponorgroup.com
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