APPOINTMENT OF ARBITRAL TRIBUNAL IN ARBITRATION PROCEEDINGS REGARDING REDEMPTION OF SHARES IN SALCOMP

Salcomp Plc Stock Exchange Release 5 July 2011 at 14:15 Finnish time

APPOINTMENT OF ARBITRAL TRIBUNAL IN ARBITRATION PROCEEDINGS REGARDING REDEMPTION OF SHARES IN SALCOMP

Salcomp Plc ("Salcomp") has received the following information from Nordstjernan AB ("Nordstjernan").

“The Redemption Committee of the Central Chamber of Commerce has on the basis of Nordstjernan's application appointed a three-member arbitral tribunal in the arbitration proceedings regarding the redemption of shares in Salcomp. LL.Lic Antero Molander has been appointed chairman of the arbitral tribunal and Professor Raimo Immonen and President Ingvar Krook have been appointed members of the arbitral tribunal. The arbitral tribunal shall decide upon e.g. the price of and the redemption right to the shares in Salcomp not owned by Nordstjernan.

Nordstjernan has on 28 June 2011 filed its statement of claim with the arbitral tribunal. The redemption price claimed by Nordstjernan is EUR 2.00 per share which by Nordstjernan is the fair price of the share in accordance with the Finnish Companies Act.

The arbitral tribunal has on 5 July 2011 given the trustee and the minority shareholders the opportunity to submit a reply to Nordstjernan’s statement of claim at the latest on 31 August 2011. The arbitral tribunal’s letter of 5 July 2011 and Nordstjernan’s statement of claim will be mailed to the minority shareholders.”

SALCOMP PLC

Markku Hangasjärvi
President and CEO
 

Distribution:

NASDAQ OMX Helsinki

The main media

www.salcomp.com

 

Further information: 

         Markku Hangasjärvi, President and CEO, tel. +358 40 7310 114
         Tomas Billing, President, Nordstjernan AB, p. +46 8 788 50 18