Salo, Finland, 2011-10-10 12:45 CEST (GLOBE NEWSWIRE) --
Salcomp Plc Stock Exchange Release 10 October 2011 at 13:45
EXEMPTION FROM THE OBLIGATION TO PUBLISH INTERIM REPORT
The Finnish Financial Supervisory Authority has granted on the application of Salcomp Plc (Salcomp) an exemption from the obligation to publish interim report for the period 1 January - 30 September 2011 pursuant to Chapter 2, Section 11 of the Finnish Securities Market Act.
Nordstjernan AB has on 22 September 2011 obtained the right to all shares in Salcomp in the redemption proceedings under Chapter 18 of the Finnish Companies Act. The listing of Salcomp shares on NASDAQ OMX Helsinki Ltd was terminated on 22 September 2011.
In its decision, the Finnish Financial Supervisory Authority has taken into account, among other things, that the redemption proceedings under Chapter 18 of the Finnish Companies Act, the redemption price is determined based on the fair price of the share before the initiation of the arbitral proceedings and that Salcomp has published an interim report covering the first six months of the accounting period (Q2) during which the arbitral proceedings were initiated. Since the arbitral proceedings were initiated during Q2, the Financial Supervisory Authority considered that the exemption from the subsequent reporting periods does not endanger the position of the investors.
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