Special representative appointed for arbitration proceedings concerning redemption of Comptel's minority shares
Stock Exchange Release
April 28, 2017 at 3.30 PM EET
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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.
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