OKMETIC OYJ STOCK EXCHANGE RELEASE 22 SEPTEMBER 2016 AT 12.10 P.M.
NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER OR SUCH RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW OR REQUIRE OFFER DOCUMENTS, REGISTRATION OR OTHER MEASURES IN ADDITION TO THOSE REQUIRED UNDER FINNISH LAW.
THE LISTING COMMITTEE OF NASDAQ HELSINKI HAS RESOLVED TO DELIST THE SHARES OF OKMETIC OYJ
The Listing Committee of Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has today, 22 September 2016, resolved to terminate public trading in and to delist Okmetic Oyj's ("Okmetic") shares from the official list of Nasdaq Helsinki after NSIG Finland S.à r.l. ("NSIG Finland") has gained title to all shares in Okmetic that are not owned by Okmetic or any of its subsidiaries in the redemption proceedings in accordance with Chapter 18 of the Finnish Limited Liability Companies Act.
The decision of the Listing Committee is made pursuant to the application filed by Okmetic with the Listing Committee on 15 September 2016 to terminate public trading in Okmetic's shares and to delist the shares from the official list of Nasdaq Helsinki. In the application Okmetic requested that the quotation of Okmetic's shares on the official list of Nasdaq Helsinki be terminated as soon as possible upon NSIG Finland having gained title to all the shares in Okmetic that are not owned by Okmetic or any of its subsidiaries in the redemption proceedings in accordance with the Finnish Limited Liability Companies Act.
The transfer of title to the Okmetic shares subject to the redemption proceedings to NSIG Finland and the subsequent termination of public trading in and delisting of Okmetic's shares from the official list will be announced in due course through a separate stock exchange release.
For further information, please contact:
Kai Seikku, President
Tel. +358 9 5028 0232, e-mail: email@example.com
Okmetic supplies tailored, high value-added silicon wafers to be used in the manufacture of sensors as well as discrete semiconductors and analog circuits. Okmetic's strategic objective is profitable growth driven by a product portfolio designed to meet customers' current and future technology needs. The core of the company's operations is being genuinely close to the customers and understanding their needs and processes.
Okmetic's global sales network, extensive portfolio of high value-added products, in-depth knowledge of crystal growing, long-term product development projects, as well as efficient and flexible production create prerequisites for achieving the strategic targets. The company's headquarters is located in Finland, where the majority of the company's silicon wafers is manufactured. In addition to in-house manufacture, Okmetic has contract manufacturing in Japan and China. Okmetic's shares are listed on Nasdaq Helsinki Ltd under the code OKM1V. For more information on the company, please visit our website at www.okmetic.com.
NSIG is a limited liability company organized under the PRC laws. The registered office of NSIG is in Shanghai, China.
Established in 2015, NSIG is a China-based holding group that is engaged in the investment and development of semiconductor materials and equipment industry with a registered capital of RMB 2 billion (approximately EUR 272 million). NSIG's mission is to establish a major industrial player in the global semiconductor sector (especially silicon and its ecosystems) through both PRC domestic investments and outbound mergers and acquisitions.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Okmetic Oyj via Globenewswire