Alma Media Corporation Stock Exchange Release 14 December 2015 at 8:30 am (EET)
Special Representative Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Talentum
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Alma Media Corporation (“Alma Media”) announced on 17 November 2015 that it will commence redemption proceedings in respect of all the Talentum Corporation (“Talentum”) shares held by minority shareholders by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Limited Liability Companies Act.
Based on an application filed by Alma Media for the aforementioned arbitration proceedings, the Redemption Committee of the Finland Chamber of Commerce has petitioned the Helsinki District Court for the appointment of a special representative, in accordance with Chapter 18, Section 5 of the Finnish Limited Liability Companies Act, to look after the interests of Talentum’s minority shareholders in the arbitration proceedings. In its decision, the Helsinki District Court appointed Attorney Kirsi Eksymä to act as the special representative.
ALMA MEDIA CORPORATION
BOARD OF DIRECTORS
Mikko Korttila, General Counsel, Tel. +358 (0)10 665 2201
Distribution: NASDAQ OMX Helsinki Ltd, Main Media, www.almamedia.fi
Alma Media in Brief
Alma Media is a media group focusing on digital services and publishing. In addition to news services, the company's products provide useful information related to lifestyle, career, and business development. The services of Alma Media have expanded from Finland to the Nordic countries, the Baltics, and Central Europe. In 2014, the company employed, on average, 1,830 professionals (excluding distributors), of whom approximately one quarter work outside Finland. Alma Media’s revenue in 2014 totalled approximately EUR 295 million. The company's share is listed on NASDAQ OMX Helsinki Ltd. For more information please visit our website: www.almamedia.fi.