VACON OYJ Vacon Plc, Stock Exchange Release, 27 May 2015 at 16.50 (EET)
The Finnish Financial Supervisory Authority has granted, upon application from Vacon Plc ("Vacon"), an exemption from the duty to publish Q2/2015 interim report, Q3/2015 interim report, the financial statements bulletin for the period 1 January to 31 December 2015 and financial statements and the report of the Board of Directors as well as the auditor's report for the period 1 January to 31 December 2015. Vacon's shares were delisted from NASDAQ OMX Helsinki Ltd's official list on 15 May 2015.
In its decision, the Finnish Financial Supervisory Authority has taken into account that in the squeeze-out proceedings under Chapter 18 of the Finnish Limited Liabilities Companies Act, the redemption price is determined based on the fair price of the share before the initiation of arbitral proceedings, and that Vacon has published an interim report covering the period during which the arbitral proceedings became pending. The Finnish Financial Supervisory Authority has deemed that the exemption does not jeopardize the position of the investors.
VACON PLC
Further information:
- Vesa Laisi, President and CEO, Vacon Plc, phone +358 (0)40 8371 510, vesa.laisi(at)vacon.com
- Sebastian Linko, Director, Corporate Communications and Investor Relations, +358 (0)40 8371 634, sebastian.linko(at)vacon.com
Vacon in brief
Vacon is driven by a passion to develop, manufacture and sell the best AC drives and inverters in the world - and provide customers with efficient product lifecycle services. Our AC drives offer optimum process control and energy efficiency for electric motors. Vacon inverters play a key role when energy is produced from renewable sources. Vacon has production and R&D facilities in Europe, Asia and North America, and sales offices in 32 countries. Further, Vacon has sales representatives and service partners in nearly 90 countries. In 2014, Vacon's revenues amounted to EUR 409.4 million, and the company employed globally approximately 1,600 people. Vacon is part of Danfoss Group.
Driven by Drives, www.vacon.com
Distribution:
NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Vacon Oyj via Globenewswire
