ALDATA SOLUTION OYJ: ARBITRAL AWARD REGARDING THE REDEMPTION PRICE EFFECTIVE; TRADING HALT IN ALDATA'S SHARES APPLIED TO START ON 16 JULY 2012
Aldata Solution Oyj, Stock Exchange Release, 12 July 2012 at 4:00 p.m. (EET)
ALDATA SOLUTION OYJ: ARBITRAL AWARD REGARDING THE REDEMPTION PRICE EFFECTIVE; TRADING HALT IN ALDATA'S SHARES APPLIED TO START ON 16 JULY 2012
Symphony Technology II-A, L.P. ("Symphony") has informed Aldata Solution Oyj ("Aldata"), that the arbitral award given on 4 May 2012 regarding the redemption price of the minority shares in Aldata has become effective on 9 July 2012. Accordingly, Symphony will commence the payment process for the redemption of the minority shares as soon as possible. The payment process is estimated to commence on Monday, 16 July 2012, and the redemption price is estimated to be paid to the qualified minority shareholders on Friday, 3 August 2012.
Aldata has filed an application with NASDAQ OMX Helsinki Ltd ("Stock Exchange") for suspension of trading in its shares in order to ensure that the redemption price can be paid to the qualified minority shareholders. The trading halt in Aldata's shares is applied to commence on Monday 16 July 2012, and is applied to last until Aldata is removed from the Stock Exchange. The redemption price is planned to be paid to the shareholders in accordance with the shareholders' register of Friday, 20 July 2012.
In accordance with Chapter 18, Paragraph 11 of the Limited Liability Companies Act, the ownership to the minority shares will pass to Symphony upon the payment of the redemption price together with the interest payable thereon to the qualified minority shareholders. Aldata will be removed from the Stock Exchange as soon as possible after the ownership has passed to Symphony.
Aldata will confirm the transfer of ownership and the last trading date by a separate stock exchange release. According to the current preliminary estimate, the public trading in Aldata's shares will end on or about 7 August 2012.
Aldata Solution Oyj
Further information:
Investor relations, tel. +358 10 820 8000
About Aldata
Aldata is a global leader in retail and distribution optimization. Our software and service solutions help retailers, distributors and manufacturers dramatically improve their business performance. We optimize categories, space, supply, logistics, and consumer engagement to increase our customers' revenue and margins, reduce time, cost and waste, and enhance on-shelf availability, service, and retention.
Founded in 1988, Aldata has an unparalleled track record of delivering successful projects for the world's largest retail and consumer brands, national wholesale and distribution organizations, and regional store chains. Aldata Solution is a public company quoted on NASDAQ OMX Helsinki Ltd with the identifier ALD1V.
Discover more about Aldata's customers, our solutions, and the multi-skilled global team that supports them at
www.aldata.com
Distribution:
NASDAQ OMX Helsinki Ltd
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