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2017-12-05 17:05 CET
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Polar Bidco has gained title to the minority shares in Sponda and the shares in Sponda will delist from Nasdaq Helsinki

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Sponda Plc                               Stock Exchange Release                       December 5, 2017 at 18:05

Polar Bidco has gained title to the minority shares in Sponda and the shares in Sponda will delist from Nasdaq Helsinki

Polar Bidco S.à r.l. ("Polar Bidco") has today posted security approved by the arbitral tribunal in connection with the redemption of the minority shares in Sponda Plc ("Sponda") and thus gained title to all the shares in Sponda in accordance with Chapter 18, Section 6 of the Finnish Companies Act. After the security has been posted and the title to the shares transferred, the minority shareholders of Sponda being parties to the redemption proceedings are entitled to receive only the redemption price and the interest payable thereon.

Upon Sponda's application, Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has on October 26, 2017 decided that the shares in Sponda will be delisted from the official list of Nasdaq Helsinki after Polar Bidco has gained title to all the shares in Sponda in the redemption proceedings in accordance with the Finnish Companies Act. The quoting of the shares in Sponda on Nasdaq Helsinki ceases today in accordance with a separate release published by Nasdaq Helsinki.

Sponda Plc

Board of Directors

Further information: Niklas Nylander, CFO, tel. +358 40 754 5961   

Sponda in brief:

Sponda is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda's business concept is to own, lease and develop retail and office properties and shopping centers into environments that promote the business success of its clients. As at September 30, 2017, the fair value of Sponda's investment properties was approximately EUR 3.9 billion and the leasable area was approximately 1.2 million square meters.

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