[ad_1]
GENEVA, Sept. 01, 2021 (GLOBE NEWSWIRE) — Etrion Company (“Etrion” or the “Firm”) (TSX: ETX) (OMX: ETX) proclaims that additional to the current sale of considerably all the Firm’s property and the return of capital to shareholders that was accomplished on August 24, 2021, and with the intention to decrease the prices and administration time related to the itemizing of the Company’s frequent shares (the “Frequent Shares”) on the Toronto Inventory Change (the “TSX”) and Nasdaq Stockholm (“Nasdaq”) pending a willpower of whether or not the Firm ought to pursue another enterprise or an orderly dissolution and winding-up of the Firm, the Firm has utilized to voluntarily delist the Frequent Shares from the TSX. Such delisting will turn into efficient after the shut of buying and selling on September 17, 2021.
The Firm additionally intends to use to delist from Nasdaq. In accordance with good Swedish market observe, the formal utility for delisting shall be submitted to Nasdaq no sooner than three months after the market has been knowledgeable of the delisting plans via this press launch. Such course of is meant to supply shareholders with an affordable time to promote their Frequent Shares or in any other case act on the idea of the data. In accordance with the TSX Firm Handbook, the TSX doesn’t require shareholder approval of the voluntary delisting of the Frequent Shares from the TSX as a suitable different market will exist for the Frequent Shares on the date of delisting. Shareholders holding Frequent Shares in Canadian brokerage accounts ought to contact their brokers to verify tips on how to commerce such shares on Nasdaq following delisting from the TSX.
The possession of the Frequent Shares is not going to be affected by a delisting, and shareholders will preserve their shareholders´ rights beneath relevant company regulation and the Firm’s constating paperwork.
About Etrion
The Firm is listed on the Toronto Inventory Change in Canada and the Nasdaq Stockholm trade in Sweden beneath ticker image “ETX”. Etrion’s largest shareholder is the Lundin household, which owns roughly 36% of the Firm’s shares immediately and thru numerous trusts.
For added data, please go to the Firm’s web site at www.etrion.com or contact:
Christian Lacueva – Chief Monetary Officer
Phone: +41 22 715 20 90
This data is data that Etrion Company is obliged to make public pursuant to the EU Market Abuse Regulation. The data was submitted for publication at 14:05 CET on September 1, 2021.
Ahead-Trying Info:
This press launch accommodates sure “forward-looking data”. All statements, apart from statements of historic truth, that handle actions, occasions or developments that the Firm believes, expects or anticipates will or might happen sooner or later (together with, with out limitation, statements regarding the potential of buying or commencing another enterprise, the doable dissolution and winding-up of the Firm and the delisting of the Frequent Shares from the TSX and Nasdaq Stockholm) represent forward-looking data. This forward-looking data displays the present expectations or beliefs of the Firm based mostly on data at present obtainable to the Firm in addition to sure assumptions together with, with out limitation, the timing of the delisting from Nasdaq. Ahead-looking data is topic to various important dangers and uncertainties and different elements that will trigger the precise outcomes of the Firm to vary materially from these mentioned within the forward-looking data, and even when such precise outcomes are realized or considerably realized, there will be no assurance that they may have the anticipated penalties to, or results on the Firm. Elements that would trigger precise outcomes or occasions to vary materially from present expectations embody, however should not restricted to, the chance that the Firm might not be profitable in buying or commencing another enterprise and delisting from Nasdaq might take longer than anticipated.
Any forward-looking data speaks solely as of the date on which it’s made and, besides as could also be required by relevant securities legal guidelines, the Firm disclaims any intent or obligation to replace any forward-looking data, whether or not on account of new data, future occasions or outcomes or in any other case. Though the Firm believes that the assumptions inherent within the forward-looking data are cheap, forward-looking data will not be a assure of future efficiency and accordingly undue reliance shouldn’t be placed on such data because of the inherent uncertainty therein.
[ad_2]
Source link