Stock Exchange Release September 23, 2019 at 10.15 a.m. EEST
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG, OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.
Three Arbitrators Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Ramirent Plc
Ramirent Plc (”Ramirent”) announced earlier that Loxam S.A.S. (”Loxam”) has on July 29, 2019 commenced redemption proceedings in respect of minority shares in Ramirent by initiating arbitration proceedings in accordance with the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Ramirent.
Loxam has been informed on September 20, 2019 that the Redemption Board of the Finland Chamber of Commerce has appointed an arbitral tribunal consisting of three arbitrators for the redemption proceedings concerning the redemption of the outstanding shares in Ramirent not held by Loxam. The arbitral tribunal comprises Chairman of the arbitral tribunal Mika Savola, Attorney at law Harriet Lagus and Doctor of Laws Pekka Timonen.
For further information, please contact:
Jukka Havia, EVP and CFO
Ramirent Plc, Tel. +358 50 355 3757
Ramirent is a leading service company offering equipment rental for construction and other industries. Our mission is to help our customers gear up on safety and efficiency by delivering great equipment and smooth service with a smile. We have around 3,000 co-workers and 300 customer centers across nine countries in Northern and Eastern Europe. In 2018, Ramirent Group sales reached a total of EUR 712 million. Ramirent is listed on Nasdaq Helsinki Ltd (RAMI). Loxam S.A.S. has acquired more than 90 percent of all the Ramirent shares and will delist the company from Nasdaq Helsinki Ltd. as soon as permitted under applicable laws.
Ramirent - Gear Up. Equipment rental at your service
Distribution: Nasdaq Helsinki Ltd, the main media, www.ramirent.com