Ixonos - Company Announcement

IXONOS: BOARD OF DIRECTORS’ ACTIONS IN RELATION TO THE TAKEOVER BID

Helsinki, Finland, 2015-03-03 08:15 CET (GLOBE NEWSWIRE) -- 



Ixonos Plc          Stock Exchange Release          3 March 2015 at 09:15



IXONOS:BOARD OF DIRECTORS' ACTIONS IN RELATION TO THE TAKEOVER BID



The mandatory public takeover bid (the “Takeover Bid”) of Tremoko Oy Ab (the
“Bidder”) and other relations to the bid will be assessed by competent and
independent Board Members of the Board of Directors only. The Board of
Directors has taken into account that Member of the Board Mr Paul Ehrnrooth is
member of the board of the Bidder also. Turret Oy Ab, which is characterized to
be as an authority company of Mr Paul Ehrnrooth, owns 65 per cent of the shares
and votes of the Bidder. The Board of Directors comprise quorum with only the
competent and independent members present. 

Based on evaluation of the competent and independent Board Members, the Board
of Directors will give a Fairness Opinion Statement regarding the Takeover bid
according to the Chapter 11 Section 13 of the Securities Market Act. The
Fairness Opinion Statement will be released approximately within a one week
after disclosure of the Takeover Bid. The Bidder has disclosed the Takeover Bid
on 2 March 2015. 

The Board of Directors has nominated an Independent Advisor to evaluate the
offer price from the perspective of all shareholders and to support the Board
of Directors in relation to Fairness Opinion Statement. 



Ixonos Plc
Esa Harju
CEO

For more information, please contact

Ixonos Plc
- Esa Harju, President and CEO, tel. +358 40 844 3367, esa.harju@ixonos.com
- Mikael Nyberg, CFO, tel. +358 40 501 4401, mikael.nyberg@ixonos.com



Distribution:

NASDAQ OMX Helsinki
Main media
www.ixonos.com

Attachments:

Boards actions Tremoko public offer Ixonos 3 3 2015 ENG.pdf