9 September 2021 at 7.45 a.m. EEST
STOCK EXCHANGE RELEASE
The Board of Directors of Tikkurila Oyj ("Tikkurila" or the "Company") has today resolved to apply for the termination of public trading in the shares of Tikkurila and for the delisting of its shares from the official list of Nasdaq Helsinki Ltd.
PPG Finland Oy holds more than 90 per cent of all of the shares and voting rights carried by the shares in Tikkurila and has on 11 June 2021 commenced redemption proceedings in respect of Tikkurila's minority shares by applying for arbitration proceedings to be initiated in accordance with Chapter 18, Section 4 of the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Tikkurila.
The Board of Directors has resolved to submit an application to Nasdaq Helsinki Ltd for the termination of public trading and for the delisting of the shares of Tikkurila. In the application, it will be requested that the delisting of the shares of Tikkurila admitted to trading on the official list of Nasdaq Helsinki Ltd would become effective as soon as possible upon PPG Finland Oy having gained title to all of the shares in Tikkurila in the redemption proceedings under Chapter 18 of the Finnish Companies Act.
Nasdaq Helsinki Ltd
Main news media
For further information, please contact:
Sanna Lehti, General Counsel
tel. +358 40 5111757
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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