The Listing Committee of Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has today, 25 August 2016, resolved to terminate public trading and to delist Biotie Therapies Corp.'s (Nasdaq Helsinki: BTH1V) ("Biotie") shares from the official list of Nasdaq Helsinki after Acorda Therapeutics, Inc. (Nasdaq: ACOR) ("Acorda") has gained title to all outstanding and issued shares in Biotie in the compulsory redemption proceedings in accordance with the Finnish Companies Act.
The decision of the Listing Committee is made pursuant to the application filed by Biotie with the Listing Committee on 18 August 2016 to terminate public trading in Biotie shares and to delist the shares from the official list of Nasdaq Helsinki. In the application, Biotie requested that the quotation of the Biotie shares on the official list of Nasdaq Helsinki is terminated as soon as possible after Acorda has gained title to the shares in Biotie that are subject to the redemption proceedings in accordance with the Finnish Companies Act.
The transfer of title to Acorda and the subsequent termination of public trading and delisting of Biotie shares will be announced in due course through a separate stock exchange release.
The decision of the Listing Committee is made pursuant to the application filed by Biotie with the Listing Committee on 18 August 2016 to terminate public trading in Biotie shares and to delist the shares from the official list of Nasdaq Helsinki. In the application, Biotie requested that the quotation of the Biotie shares on the official list of Nasdaq Helsinki is terminated as soon as possible after Acorda has gained title to the shares in Biotie that are subject to the redemption proceedings in accordance with the Finnish Companies Act.
The transfer of title to Acorda and the subsequent termination of public trading and delisting of Biotie shares will be announced in due course through a separate stock exchange release.
