Arbitral Tribunal Has Confirmed DNV’s Redemption Right over the Minority Shares in Nixu, DNV Has Gained Title to the Minority Shares in Nixu and the Nixu Shares will be delisted from Nasdaq Helsinki
Nixu Corporation, Stock Exchange Release, December 1, 2023, 7.30 p.m. EETThe arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce (the “Arbitral Tribunal”) in connection with the redemption proceedings concerning the minority shares in Nixu Corporation (“Nixu”) has in its interim award confirmed that DNV AS (“DNV”) has the right to redeem the minority shares in Nixu and that DNV has the right to obtain title to the minority shares by posting a security approved by the Arbitral Tribunal for the payment of the redemption price and the possible interest