Comptel Corporation: Special representative appointed for arbitration proceedings concerning redemption of Comptel's minority shares

28 april 2017

Special representative appointed for arbitration proceedings concerning redemption of Comptel's minority shares

Comptel Corporation

Stock Exchange Release

April 28, 2017 at 3.30 PM EET

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDI-RECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN, AUSTRALIA, SOUTH AFRICA OR HONG KONG OR IN ANY OTHER JURISDICTION IN WHICH THE TENDER OFFER WOULD BE PROHIBITED BY APPLICABLE LAW.

 

Comptel Corporation ('Comptel') has received the following information from Nokia Corporation's wholly-owned indirect subsidiary Nokia Solutions and Networks Oy ('Nokia').

As announced by Comptel on 7 April 20174, Nokia decided to exercise its redemption right pursuant to the Finnish Limited Liability Companies Act and to redeem all shares held by any other remaining shareholders in Comptel. To effectuate the redemption of the shares, Nokia announced that it will initiate arbitration proceedings as provided in the Finnish Limited Liability Companies Act. Based on an application filed by Nokia for the redemption of minority shares, the Redemption Committee of the Finland Chamber of Commerce has petitioned the Helsinki District Court for the appointment of a special representative to look after the rights of Comptel's minority shareholders in the arbitration proceedings pertaining to the squeeze-out procedure. 

In its decision the Helsinki District Court has appointed Master of Economics Joakim Rehn to act as the special representative pursuant to Chapter 18 Section 5 of the Finnish Companies Act.

 

Further information:

 

Comptel

Tom Jansson

Chief Financial Officer

tel. +358 40 700 1849

tom.jansson@comptel.com

 

 

ABOUT COMPTEL

Life is digital moments. Comptel perfects these by transforming how you serve, meet and respond to the needs of "Generation Cloud" customers. 

Our solutions allow you to innovate rich communications services instantly, master the orchestration of service and order flows, capture data-in-motion and refine your decision-making. We apply intelligence to reduce friction in your business.

Comptel has enabled the delivery of digital and communications services to more than 2 billion people. Every day, we care for more than 20% of all mobile usage data. Nearly 300 service providers across 90 countries have trusted us to perfect customers' digital moments.

For more information, visit www.comptel.com.

 

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