DNA PLC STOCK EXCHANGE RELEASE 30 January 2020, 10:15 EET
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, SOUTH AFRICA OR SUCH OTHER COUNTRIES OR OTHERWISE IN SUCH CIRCUMSTANCES IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
The arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce has today confirmed that Telenor Finland Holding Oy ("Telenor") has the right to redeem the minority shares in DNA Plc ("DNA") and that Telenor 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.
Following DNA's application, Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has on 17 December 2019 confirmed that that the quotation of DNA' shares will be terminated and the shares will be delisted from the official list of Nasdaq Helsinki as soon as possible after Telenor has obtained title to all outstanding shares in DNA in the redemption proceedings.
As a result of the confirmation of Telenor's redemption right, Nasdaq Helsinki has today at 9:57 EET suspended public trading in DNA's shares. The posting of security and the subsequent delisting of DNA's shares will be announced in due course through a separate stock exchange release.
Marja Mäkinen, Head of IR, DNA Plc, +358 44 044 1262, firstname.lastname@example.org
DNA Corporate Communications, +358 44 044 8000, email@example.com
DNA is one of the leading telecommunications companies in Finland. We want to make our customers' daily lives less complicated. We offer connections, services and devices for homes and workplaces, contributing to the digitalisation of society. DNA’s mobile communication network customers have the highest mobile data usage per subscription in the world. We are Finland's largest cable TV operator. DNA has more than 4 million subscriptions in its fixed and mobile communications networks. The company was ranked the best employer in Finland in the large companies’ category of the 2019 Great Place to Work survey. In 2019, our net sales were EUR 942,1 million and we employ about 1,600 people around Finland. DNA is a part of Telenor Group, the leading ICT company in the Nordics. Additional information: www.dna.fi, Twitter @DNA_fi, Facebook @DNA.fi and LinkedIn.