Amer suspends shares after Mascot ruling
A tribunal has confirmed Mascot Bidco Oy’s redemption right regarding Amer Sports Corporation’s shares which means trading in Amer Sports shares on Nasdaq Helsinki has been suspended
The Arbitral Tribunal appointed by the Redemption Committee of the Finland Chamber of Commerce confirmed that Mascot Bidco has the right to redeem the minority shares in Amer Sports Corporation and that Mascot has the right to obtain title to the minority shares by posting a security approved by the Arbitral Tribunal for the payment of the redemption price and the interest accruing thereon.
Amer Sports submitted a delisting application to Nasdaq Helsinki concerning its shares, requesting in the application that the quotation of its shares on the official list of Nasdaq Helsinki be terminated as soon as possible upon Mascot having gained title to all the shares in Amer Sports in the redemption proceedings.
Pursuant to the confirmation of Mascot’s redemption right, Nasdaq Helsinki has now suspended public trading in Amer Sports’ shares. The posting of the security and the subsequent delisting of Amer Sports’ shares will be announced in due course through a separate stock exchange release.