NSIG Finland S.à r.l. has gained title to all the shares in Okmetic Oyj and the shares will delist from Nasdaq Helsinki

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OKMETIC OYJ STOCK EXCHANGE RELEASE 8 NOVEMBER 2016 AT 3.45 P.M. NSIG FINLAND S.À R.L. HAS GAINED TITLE TO ALL THE SHARES IN OKMETIC OYJ AND THE SHARES WILL DELIST FROM NASDAQ HELSINKI NSIG Finland S.à r.l. ("NSIG Finland") has today placed ...

OKMETIC OYJ          STOCK EXCHANGE RELEASE     8 NOVEMBER 2016          AT 3.45 P.M.

NSIG FINLAND S.À R.L. HAS GAINED TITLE TO ALL THE SHARES IN OKMETIC OYJ AND THE SHARES WILL DELIST FROM NASDAQ HELSINKI

NSIG Finland S.à r.l. ("NSIG Finland") has today placed security approved by the arbitral tribunal and thus gained title to all the shares in Okmetic Oyj ("Okmetic") in accordance with Chapter 18, Section 6 of the Finnish Limited Liability Companies Act. After the security has been placed and the title to the shares transferred, the minority shareholders of Okmetic being parties to the redemption proceedings are entitled to receive only the redemption price and the interest payable thereon.

Upon application by Okmetic, Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has on 22 September 2016 decided that Okmetic shares will be delisted from the Official List of Nasdaq Helsinki after NSIG Finland has gained title to all the shares in Okmetic in the redemption proceedings in accordance with the Finnish Limited Liability Companies Act. The quoting of the Okmetic shares on Nasdaq Helsinki ceases today in accordance with a separate release published by Nasdaq Helsinki.

OKMETIC OYJ

Kai Seikku
President

For further information, please contact:

Kai Seikku, President
Tel. +358 9 5028 0232, e-mail: kai.seikku@okmetic.com

Okmetic supplies tailored, high value-added silicon wafers to be used in the manufacture of sensors as well as discrete semiconductors and analog circuits. Okmetic's strategic objective is profitable growth driven by a product portfolio designed to meet customers' current and future technology needs. The core of the company's operations is being genuinely close to the customers and understanding their needs and processes.

Okmetic's global sales network, extensive portfolio of high value-added products, in-depth knowledge of crystal growing, long-term product development projects, as well as efficient and flexible production create prerequisites for achieving the strategic targets. The company's headquarters is located in Finland, where the majority of the company's silicon wafers is manufactured. In addition to in-house manufacture, Okmetic has contract manufacturing in Japan and China. Okmetic's shares are listed on Nasdaq Helsinki Ltd under the code OKM1V. For more information on the company, please visit our website at www.okmetic.com.

NSIG is a limited liability company organized under the PRC laws. The registered office of NSIG is in Shanghai, China.

Established in 2015, NSIG is a China-based holding group that is engaged in the investment and development of semiconductor materials and equipment industry with a registered capital of RMB 2 billion (approximately EUR 272 million). NSIG's mission is to establish a major industrial player in the global semiconductor sector (especially silicon and its ecosystems) through both PRC domestic investments and outbound mergers and acquisitions.




This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Okmetic Oyj via Globenewswire

Source(s) : Okmetic Oyj

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