Following Sampo plc's application, The Board of Arbitration of the Central Chamber of Commerce has today appointed lawyer Gerhard af Schultén (chairperson), lawyer Kimmo Mettälä and lawyer Kalle Pirilä as arbitrators as referred to in Chapter 14, Section 19, of the Companies Act. In accordance with the aforementioned Act, the arbitrators will decide on the right of redemption and redemption price of those Mandatum shares which are not yet owned by Sampo or by companies included in the same Group.
The arbitrators are estimated to convene for their first session by the end of August. The shareholders known to Mandatum will receive a written invitation to the arbitrators' sessions. Previously, the District Court of Helsinki has ordered, in accordance with Chapter 14, Section 20, of the Companies Act, professor Heikki Niskakangas to represent Mandatum Bank plc's anonymous shareholders and to protect their interests during the redemption procedure.
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