GF has gained title to the minority shares in Uponor and the Uponor shares will be delisted from Nasdaq Helsinki
April 29 2024 - 8:45AM
GF has gained title to the minority shares in Uponor and the Uponor
shares will be delisted from Nasdaq Helsinki
Uponor Corporation, Stock Exchange Release,
April 29, 2024, 4.45 p.m. EET
GF has gained title to the
minority shares in Uponor and the Uponor shares will be delisted
from Nasdaq Helsinki
Georg Fischer AG (“GF”) has
posted security approved by the arbitral tribunal appointed by the
Redemption Committee of the Finland Chamber of Commerce in
connection with the redemption proceedings concerning the minority
shares in Uponor Corporation (“Uponor”). GF has
thus gained title to all the shares in Uponor in accordance with
Chapter 18, Section 6 of the Finnish Companies Act (624/2006, as
amended) (the “Companies Act”). After the security
has been posted and the title to the minority shares transferred,
the minority shareholders of Uponor being parties to the redemption
proceedings are entitled to receive only the redemption price and
the possible interest payable thereon.
Upon Uponor’s application, Nasdaq Helsinki Ltd
(“Nasdaq Helsinki”) has on April 18, 2024, decided
that the shares in Uponor will be delisted from the Official List
of Nasdaq Helsinki after GF has gained title to all the shares in
Uponor in the redemption proceedings in accordance with the
Companies Act. The listing of the Uponor shares on Nasdaq Helsinki
ceases today in accordance with a separate release published by
Nasdaq Helsinki.
Additional Information:
Reetta Härkki, Senior Vice President and Chief
Legal Officer, Uponorreetta.harkki@uponor.com+358 (0) 20 129
2835
About Uponor
Uponor, 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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