Mascot Bidco Oy—the consortium of investors led by Anta Sports Ltd. and which recently acquired Amer Sports Corp.—announced it has gained title to all Amer shares in accordance with Finnish securities law.
After the security has been placed and the title to the shares transferred, the minority shareholders of Amer Sports, being parties to the redemption proceedings, are entitled to receive only the redemption price and the interest payable thereon.
Upon application by Amer Sports, Nasdaq Helsinki Ltd. said Amer shares will be delisted from the Nasdaq Helsinki after Mascot gained title to said shares in the redemption proceedings in accordance with the Finnish Companies Act. The quotation of the Amer Sports shares on Nasdaq Helsinki ceased on September 4 in accordance with a separate release published by Nasdaq Helsinki.
After the delisting has taken place, Amer Sports is not subject to the periodic reporting obligation set out in the Securities Market Act and will thereby not publish a half year report or other periodic financial reporting from the ongoing or future reporting periods.
