Finnlines - Company Announcement

Grimaldi Group S.p.A. has the right to redeem the minority shares in Finnlines Plc

Helsinki, Finland, 2016-06-22 07:16 CEST (GLOBE NEWSWIRE) -- Finnlines Plc     
                   Stock Exchange Release 22 June 2016 at 8:15 



GRIMALDI GROUP S.P.A. HAS THE RIGHT TO REDEEM THE MINORITY SHARES IN FINNLINES
PLC 

Grimaldi Group S.p.A. ("Grimaldi"), together with Grimaldi Euromed S.p.A. and
Grimaldi Deep Sea S.p.A., both of which are Grimaldi's subsidiaries, holds
approximately 98.22 percent of all the shares and votes in Finnlines Plc
("Finnlines"). Grimaldi has initiated redemption proceedings in accordance with
Chapter 18 of the Finnish Companies Act to acquire all the shares in Finnlines.
The Arbitral Tribunal appointed by the Redemption Committee of the Finland
Chamber of Commerce has held an oral hearing regarding the matter on 21 June
2016. 

The Arbitral Tribunal appointed by the Redemption Committee of the Finland
Chamber of Commerce has rendered a separate interim award after the oral
hearing that has been notified to Grimaldi today 22 June 2016. In the interim
award, the Arbitral Tribunal has confirmed that Grimaldi has the right to
redeem the minority shares in Finnlines. In addition, the Arbitral Tribunal
confirmed that Grimaldi has the right to obtain title to the minority shares by
lodging a security approved by the Arbitral Tribunal for the payment of the
redemption price and the interest accruing thereon. 

A separate stock exchange release will be published regarding the lodging of
the security and subsequent termination of public trading in the Finnlines
shares. 

Further information: Tapani Voionmaa, Group General Counsel, tel. +358 50 565
5207 



Finnlines Plc



Tom Pippingsköld                   Tapani Voionmaa
CFO                                       Group General Counsel



DISTRIBUTION
Nasdaq Helsinki Ltd
Main media
www.finnlines.com



About Finnlines
Finnlines is a leading shipping operator of ro-ro and passenger services in the
Baltic Sea and the North Sea. The Company is listed on the Nasdaq Helsinki Ltd
and is a part of the Grimaldi Group, one of the world’s largest operators of
ro-ro vessels and the largest operator of the Motorways of the Sea in Europe
for both passengers and freight. This affiliation enables Finnlines to offer
liner services to and from any destination in the Mediterranean, North Europe,
West Africa as well as the Atlantic coast of both North and South America. 

www.finnlines.com