Finnlines applies for delisting

Finnlines vessel
Photo: Finnlines
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The Board of Directors of Finnlines has resolved to apply for the termination of trading in the Finnlines shares and for the delisting of the shares from the official list of Nasdaq Helsinki.

A delisting application will be filed with Nasdaq Helsinki today. In the application Finnlines requests the Finnlines shares to be delisted from the official list of Nasdaq Helsinki as soon as possible upon Grimaldi Group having gained title to all the shares in Finnlines.

In accordance with the separate interim award rendered on 21 June 2016 by the Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce, Grimaldi is entitled to gain title to all the shares in Finnlines against the placing of a security approved by the Arbitral Tribunal for the payment of the redemption price.