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    TIK1V   FI4000008719

TIKKURILA OYJ

(TIK1V)
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PPG Finland Oy has gained title to the minority shares in Tikkurila Oyj and the shares of Tikkurila Oyj will be delisted from Nasdaq Helsinki

10/28/2021 | 04:34am EST

PPG Finland Oy has today posted a security approved by the arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Tikkurila Oyj ("Tikkurila"). Thus, PPG Finland Oy has acquired ownership of all of the shares in Tikkurila in accordance with Chapter 18, Section 6 of the Finnish Companies Act.

The minority shareholders of Tikkurila involved in the redemption proceedings, following the lodging of the security and the transfer of ownership, are entitled to receive only the redemption price and the possible interest payable thereon.

Upon Tikkurila's application, Nasdaq Helsinki Ltd. ("Nasdaq Helsinki") has on 16 September 2021 resolved to remove the shares in Tikkurila from the official list of Nasdaq Helsinki after the title to all of the shares in Tikkurila have been transferred to PPG Finland Oy in the redemption proceedings in accordance with the Finnish Companies Act. Thus, the listing of Tikkurila's shares on Nasdaq Helsinki ceases today in accordance with the separate release issued by Nasdaq Helsinki.

DISTRIBUTION

Nasdaq Helsinki Ltd

Main news media

For further information, please contact:

Sanna Lehti, General Counsel
tel. +358 40 511 1757
sanna.lehti@tikkurila.com

About Tikkurila

Tikkurila offers decorative paints for consumers and professionals for surface protection and decoration. In addition, the Company produces paints and coatings for the metal and wood industries.

Tikkurila's business highlights high-quality and long-term product development and considerable marketing investments. The Company's brands include, among others, Tikkurila, Beckers, Alcro, Teks, and Vivacolor. Tikkurila uses the Beckers brand only in its decorative paints in Scandinavian countries as well as in some parts of Eastern Europe under a license from Aktiebolaget Wilh. Becker, obtained in conjunction with its acquisition of Alcro-Beckers AB in 2001. Important factors in the Company's operations include a functioning and extensive distribution network, diverse services and an efficient supply chain. Tikkurila has seven (7) production facilities in six (6) countries and around two thousand four hundred (2,400) employees. Tikkurila's products are available in more than forty (40) countries. Further information about Tikkurila may be found from the following website www.tikkurilagroup.com.

https://news.cision.com/tikkurila/r/ppg-finland-oy-has-gained-title-to-the-minority-shares-in-tikkurila-oyj-and-the-shares-of-tikkurila-,c3442393

(c) 2021 Cision. All rights reserved., source Press Releases - English

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Financials
Sales 2021 594 M - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 -
Yield 2021 -
Capitalization 1 500 M 1 737 M -
Capi. / Sales 2021 2,52x
Capi. / Sales 2022 -
Nbr of Employees 2 615
Free-Float 1,92%
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Managers and Directors
Markus Melkko Chief Executive & Financial Officer
Michael H. McGarry Chairman
Fredrik Linde Senior Vice President-Operations
Timothy M. Knavish Director
Laura Alvarez Director
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