The Court Of Arbitration Has Confirmed Cgi Nordic Investments Limited’S Redemption Right Regarding The Shares In Affecto Plc And Public Trading In The CompanyS Shares Has Been Suspended
Summary
The court of arbitration appointed by the Redemption Committee of the Finland Chamber of Commerce confirmed on 16 February 2018 CGI Nordic Investments Limited’s (“ CGI Nordic ”) right to redeem the shares owned by minority shareholders in Affecto Plc (“ Affecto ”) in the redemption proceedings instituted by CGI Nordic pursuant to Chapter 18 of the Finnish Limited Liability Companies Act (624/2006, as amended) (“ Companies Act ”).As a result, Nasdaq Helsinki Ltd suspended public trading of Affectos shares today at 09:20 a.m.The grant of the security interest, the transfer of title to CGI Nordic and the subsequent delisting of Affecto shares will be announced in due course through a separate stock exchange release.Affecto has long term, committed customer relationships with a large number of essential Northern European companies as well as public institutions.Affecto has a local presence with 18 offices forming a powerful grid, and is a unique home for its 1000+ employees.
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