Amer's ownership in Suunto to 99.7 percent
2000-01-11, 10:00
Amer Group Plc's redemption offer for Suunto Oyj's shares and warrants expired on 10 January 2000. As a result of the redemption offer Amer Group Plc owns 99.7 percent of the shares and votes in Suunto.
Amer Group will institute arbitral proceedings to redeem those shares in Suunto which were not transferred to Amer Group as a result of the redemption offer.
Amer Group will, during spring 2000, apply for the removal of Suunto Oyj's shares' quotation on the Helsinki Exchanges.
AMER GROUP PLC
Communications Department
Marja-Leena Simola
Vice President, Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail marja-leena.simola@amer.fi
For further information, please contact:
Mr. Pekka Paalanne, Senior Vice President & CFO, Tel. +358 9 7257 8212
Mr. Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233
Amer Group will institute arbitral proceedings to redeem those shares in Suunto which were not transferred to Amer Group as a result of the redemption offer.
Amer Group will, during spring 2000, apply for the removal of Suunto Oyj's shares' quotation on the Helsinki Exchanges.
AMER GROUP PLC
Communications Department
Marja-Leena Simola
Vice President, Communications
Tel. +358 9 7257 8306
Fax +358 9 791 385
E-mail marja-leena.simola@amer.fi
For further information, please contact:
Mr. Pekka Paalanne, Senior Vice President & CFO, Tel. +358 9 7257 8212
Mr. Jari Melgin, Corporate Treasurer, Tel. +358 9 7257 8233