Amer Sports Corporation
STOCK EXCHANGE RELEASE
May 14, 2019 at 2:10 p.m. (EEST)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO CANADA, JAPAN, AUSTRALIA OR SOUTH AFRICA OR IN ANY OTHER JURISDICTION IN WHICH IT WOULD BE PROHIBITED BY APPLICABLE LAW.
Trustee Appointed for the Arbitration Proceedings Concerning the Redemption of Minority Shares in Amer Sports Corporation
Mascot Bidco Oy ("Mascot") has on April 3, 2019 commenced redemption proceedings in respect of Amer Sports Corporation`s ("Amer Sports") minority shares by initiating arbitration proceedings in accordance with Chapter 18, Section 3 of the Finnish Companies Act in order to obtain ownership of all the issued and outstanding shares in Amer Sports.
As a result of Mascot`s application for the above-mentioned arbitration proceedings, the Redemption Board of the Finland Chamber of Commerce has petitioned the District Court of Helsinki for the appointment of a trustee to look after the interests of Amer Sports` minority shareholders during the redemption process. With its decision given on May 8, 2019, the District Court of Helsinki has appointed jur. dr. Timo Kaisanlahti to act as such trustee.
Mascot`s notice, as referred to in Chapter 18, Section 5, Subsection 2 of the Finnish Companies Act, is attached to this release.
For further information, please contact:
Samppa Seppälä, Head of Corporate Communications and IR
Amer Sports Corporation
Tel. +358 50 568 0533
Amer Sports (www.amersports.com) is a sporting goods company with internationally recognized brands including Salomon, Arc`teryx, Peak Performance, Atomic, Mavic, Suunto, Wilson and Precor. The company`s technically advanced sports equipment, footwear, and apparel improve performance and increase the enjoyment of sports and outdoor activities. The Group`s business is balanced by its broad portfolio of sports and products and a presence in all major markets. Amer Sports shares are listed on the Nasdaq Helsinki stock exchange (AMEAS).
Appendix 1: Redemption claim regarding minority shares based on the Finnish Limited Liability Companies Act
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Source: Amer Sports Oyj via GlobeNewswire