FIN-FSA decided to grant Veli-Matti Kärkkäinen exemption from the obligation, under chapter 11, section 19 of the Securities Markets Act, to launch a bid for Kesla Oyj
FIN-FSA Decision (J. No. FIVA 3/02.05.05/2013)
On 23 April 2013, the Financial Supervisory Authority (FIN-FSA), pursuant to chapter 11, section 26 of the Securities Markets Act (746/2012), decided to grant Veli-Matti Kärkkäinen exemption from the obligation, under chapter 11, section 19 of the said Act, to launch a bid for Kesla Oyj.
Viewing the decision
The decision will be published on the FIN-FSA website Fin-fsa.fi and will also be available to view, until 27 May 2013, at the FIN-FSA premises at Snellmaninkatu 6, Helsinki.
An announcement of the publication of the decision will also be made on 6 May 2013 in the Official Gazette and in the newspapers Helsingin Sanomat and Hufvudstadsbladet.
An appeal against the findings of the decision may be lodged to the Helsinki Administrative Court within 30 days of notification of the decision. More detailed instructions on the appeal procedure are to be found in the instructions on the appeal procedure appended to the decision. Pursuant to section 62 of the Administrative Procedure Act (434/2003), all relevant parties are deemed to have received the decision on the seventh day following announcement of the decision in the Official Gazette.
For further information, please contact
Marianne Demecs, Market Supervisor, telephone +358 10 831 5366.
Helsinki, 6 May 2013
Financial Supervisory Authority
Decision (pdf, in Finnish)