2004-04-27
WM-data AB gained title to all shares in WM-data Novo Plc
WM-DATA AB GAINED TITLE TO ALL SHARES IN WM-DATA NOVO PLC – WM-DATA NOVO
SHARES AND STOCK OPTIONS TO BE DELISTED FROM THE HELSINKI EXCHANGES
The Arbitral Tribunal appointed by the Finnish Central Chamber of Commerce confirmed today that WM-data AB
(publ)'s right to redeem the minority shares in WM-data Novo Plc is not in dispute and that WM-data AB has the right
to gain title to the minority shares by placing a security approved by the Arbitral Tribunal for the payment of the
redemption price.
WM-data AB has today placed a security for the payment of the redemption price and has thus gained title to all shares
in WM-data Novo Plc in accordance with Chapter 14 Section 21 of the Finnish Companies Act.
Simultaneously, WM-data AB has today transferred its holding in WM-data Novo Plc to its wholly-owned subsidiary
WM-data Oy.
WM-data AB will pay the redemption price to WM-data Novo Plc's minority shareholders as soon as possible after the
arbitral award regarding the redemption price, to be rendered at a later date, has gained legal force.
The Helsinki Exchanges has upon WM-data Novo Plc's application decided that WM-data Novo Plc shares and 2001
A and B series stock options will be delisted from the Helsinki Exchanges after WM-data AB has received title to all
WM-data Novo Plc shares. Consequently, WM-data Novo Plc shares and 2001 A and B series stock options will be
delisted from the Helsinki Exchanges today.
WM-DATA NOVO PLC
Seppo Matikainen
President
Information about the company: CGI Suomi Oy