Arbitral award passed in Feelgood compulsory redemption proceedings
Terveystalo Plc Press Release 26 August 2022 at 10:30 EEST
On 27 July 2021, Terveystalo Plc (“Terveystalo”) announced that its wholly owned subsidiary Terveystalo Healthcare Oy (“Terveystalo Healthcare”) had acquired in aggregate 97.42 percent of the shares and votes in Feelgood Svenska AB (publ) (“Feelgood”) after the completion of the recommended mandatory cash offer to the shareholders of Feelgood to tender all their shares in Feelgood to Terveystalo Healthcare for a consideration of SEK 5.70 (at the time, approximately EUR 0.566) in cash per share. Terveystalo further announced that Terveystalo Healthcare had initiated compulsory redemption of the remaining shares in Feelgood. Feelgood’s shares were delisted from Nasdaq Stockholm on 6 August 2021.
On 7 December 2021, Terveystalo further announced that the arbitral tribunal in the compulsory redemption proceedings had ruled that Terveystalo Healthcare has the right and obligation to acquire the remaining shares in Feelgood, that Terveystalo Healthcare is granted title to the remaining shares in Feelgood, and that Terveystalo Healthcare shall pay a preliminary redemption price of SEK 5.70 (at the time, approximately EUR 0.555) per share plus statutory interest. As Terveystalo Healthcare was granted title to the remining shares in Feelgood, Terveystalo Healthcare has since owned 100 percent of the shares and votes in Feelgood.
The arbitral tribunal has now passed an arbitral award in the compulsory redemption proceedings through which it has determined that the preliminary redemption price of SEK 5.70 per share plus statutory interest shall be the final redemption price. The arbitral award is appealable in the Stockholm District Court within 60 days of all parties having received a copy of the award.
For further information, please contact:
Kati Kaksonen, Vice President, Communications
Tel. +358 10 345 2034
Kati.kaksonen@terveystalo.com
Liisa-Maija Seppänen, IR Manager
Tel +358 50 314 4455
liisa-maija.seppanen@terveystalo.com
Terveystalo in brief
Terveystalo is the largest private health care service provider in Finland in terms of revenue and network. Terveystalo is also a leading occupational health provider in the Nordic region. We offer a wide variety of primary health care, specialized care, and well-being services for corporate and private customers and the public sector. Terveystalo' s digital services are available 24/7, regardless of time and place. Health and well-being services are also provided by Terveystalo' s over 360 clinics across Finland. In Sweden, we offer occupational health services at 120 clinics. Terveystalo is listed on the Helsinki Stock Exchange and has a predominantly Finnish ownership.
In 2021, Terveystalo had approximately 1.3 million individual customers in Finland and the number of customer appointments was approximately 8 million, with more than a quarter of these taking place via remote channels. Terveystalo employs over 15,500 healthcare and well-being professionals. Terveystalo is a Key Flag company and member of Association for Finnish Work. www.terveystalo.com