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.
Nasdaq Helsinki Ltd
Main news media
For further information, please contact:
Sanna Lehti, General Counsel
tel. +358 40 511 1757
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.
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