Leipurin listing preparations proceeding, target to complete listing during Q4
(Thomson Reuters ONE) -
Aspo Plc STOCK EXCHANGE RELEASE September 24, 2014 at 14.00
LEIPURIN LISTING PREPARATIONS PROCEEDING, TARGET TO COMPLETE LISTING DURING Q4
Aspo Plc's ("Aspo") Board of Directors will propose an Extraordinary
Shareholders' Meeting to be summoned later during 2014. The Board of Directors
will propose that the Shareholders' Meeting would authorise the Board of
Directors to pay an extra dividend in Leipurin's shares or in cash or
combination of these two during 2014.
Aspo has expressed earlier its intention to review the preconditions for listing
Leipurin Ltd ("Leipurin") on the NASDAQ OMX Helsinki ("the Helsinki Stock
Exchange"). Preparations to list Leipurin on the Helsinki Stock Exchange have
proceeded as planned, and Aspo aims to list Leipurin on the Helsinki Stock
Exchange during the fourth quarter of 2014.
The planned initial public offering includes the share issue of Leipurin and the
sale of Leipurin's shares by Aspo to the public in Finland and to institutional
investors in Finland and abroad. In addition, as a part of the initial public
offering of Leipurin, Aspo Board of Directors plans to distribute Leipurin's
shares as dividends to Aspo's shareholders. Aspo will remain a minority
shareholder of Leipurin.
Final decisions on the listing process and filing the application for making the
shares of Leipurin available for public trading on the stock exchange list will
be made during the fourth quarter of 2014 according to Aspo's original schedule,
depending on the market situation, the final results of the analysis and other
factors associated with the listing decision.
Pohjola Bank Plc is acting as the advisor in the analysis process for the
listing, and it will act as the lead manager of the initial public offering if
the initial public offering is completed. Attorneys at law Borenius Ltd acts as
the legal advisor in the initial public offering. Ernst & Young Oy acts as the
auditor of Aspo and Leipurin.
ASPO Plc
Board of Directors
Further information:
Aki Ojanen, CEO Aspo Plc, +358 9 521 4010, +358 400 106 592, aki.ojanen(at)aspo.com
DISTRIBUTION:
NASDAQ OMX Helsinki
Key media
www.aspo.fi
Aspo is a conglomerate that owns and develops business operations in northern
Europe and emerging markets, focusing on demanding B-to-B customers. Our strong
company brands - ESL Shipping, Leipurin, Telko and Kaukomarkkinat - aim to be
the market leaders in their sectors. They are responsible for their own
operations, customer relationships and the development of these. Together they
generate Aspo's goodwill. Aspo's Group structure and business operations are
continually developed without any predefined schedules.
DISCLAIMER:
The information contained in this stock exchange release shall not constitute an
offer to sell or the solicitation of an offer to buy the securities referred to
herein. Any potential decision to invest in the securities mentioned herein,
either through subscription or purchase, shall be exclusively based on the
prospectus published in connection with such offer, and not on this stock
exchange release.
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, Australia, New
Zealand, South Africa, Hong Kong, Singapore or Japan or any other jurisdiction
in which the distribution or release would be unlawful. This release does not
constitute an offer of securities for sale in the United States, nor may the
securities be offered or sold in the United States absent registration or an
exemption from registration as provided in the U.S. Securities Act of 1933, as
amended, and the rules and regulations thereunder. The company does not intend
to register any portion of the possible offering in the United States or to
conduct a public offering of securities in the United States.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Aspo Oyj via GlobeNewswire
[HUG#1857975]
Unternehmensinformation / Kurzprofil:
Datum: 24.09.2014 - 12:59 Uhr
Sprache: Deutsch
News-ID 341911
Anzahl Zeichen: 4869
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Leipurin listing preparations proceeding, target to complete listing during Q4"
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Aspo Oyj (Nachricht senden)
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