On 27 May 2016 Fortum Corporation announced that it had made an agreement regarding the acquisition of Ekokem Corporation. The conditions for closing the transaction have been met and on 31 August 2016 Fortum announced that it has finalised the acquisition of Ekokem with the four biggest owners. These four owners together represent approximately 81 per cent of Ekokem’s shares. More information about the transaction in Ekokem's press release and in Fortum's stock exchange release.
The company’s share capital consists of Series A and Series B shares. The number of shares for each series is 1,760,400, making a total of 3,520,800 shares. Each Series B share carries 1 vote and each Series A share carries 20 votes at the General Meeting of Shareholders. All shares afford equal rights to the distribution of dividends and the company’s assets. A Series A share can be converted into a Series B share at the shareholder’s request. The company’s shares are included in the book-entry securities register maintained by Euroclear Finland Ltd.
On 31 August 2016 Fortum announced that it has finalised the acquisition of Ekokem with the four biggest owners. These four owners together represent approximately 81 per cent of Ekokem’s shares. As of 31 August, minority shareholders in Ekokem representing approximately 12 per cent of the shares have approved the tender offer. Consequently, as Fortum’s total shareholding will exceed the 90 per cent threshold Fortum will initiate a minority redemption process for the remaining shares directly after the end of the tender offer period (30 September 2016). Shareholders accepting the tender offer during the tender offer period will receive payments mostly in September 2016, whereas payments to the shareholders in the redemption process are estimated to take place in the spring of 2017.