Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Enedo Plc
January 16 2023 - 10:30AM
Trustee Appointed for the Arbitration Proceedings Concerning the
Redemption of Minority Shares in Enedo Plc
Enedo Oyj, Stock Exchange Release 16.1.2023 at
17:30 EET
Trustee Appointed for the Arbitration
Proceedings Concerning the Redemption of Minority Shares in
Enedo Plc
Inission AB ("Inission") has on 4 November 2022
commenced redemption proceedings in respect of Enedo Plc's
("Enedo") minority shares by initiating arbitration proceedings in
accordance with Chapter 18, Section 3 of the Finnish Companies Act
in order to obtain ownership of all the issued and outstanding
shares in Enedo.
Due to Inission's application for the
abovementioned arbitration proceedings, the Redemption Board of the
Finland Chamber of Commerce has petitioned the District Court of
Itä-Uusimaa for the appointment of a trustee to supervise the
interests of Enedo's minority shareholders during the redemption
process. With its decision given on 10 January 2023, the District
Court of Itä-Uusimaa has appointed Professor Vesa Annola to act as
such trustee.
Inission’s notice, as referred to in Chapter 18,
Section 5, Subsection 2 of the Finnish Companies Act, is attached
to this release and has been published on the website of Enedo. It
will also be published in the National Official Journal of Finland
(in Finnish: Virallinen lehti) without delay.
According to the current estimate the delisting
of Enedo’s shares from Nasdaq Helsinki Ltd is expected to occur
around end of April 2023.
For more information, please
contact:
Mikael Fryklund
President and CEO
Tel. 040 500 6864.
Enedo
Enedo is a European designer and producer of
high-quality electronic power supplies and systems for critical
equipment even in the most demanding environments. Enedo’s mission
is to make electricity better – more reliable, more secure, more
energy efficient – and just right to fit its purpose. Enedo’s three
main product categories are Led Drivers, Power supplies and Power
Systems. In 2021 the group´s revenue was EUR 36,4 million. Enedo
has 330 employees, and its main functions are located in Finland,
Italy, Tunisia and USA. The group´s head office is in Finland and
parent company Enedo Oyj is listed on Nasdaq Helsinki Ltd.
www.enedopower.com
- Appendix to the release 2023 01 16.
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