FIN-FSA decided to grant Simula Invest Oy and Aarne Simula an exemption from the time limits specified under chapter 11, section 22, and from the obligation to launch a bid specified under section 19, of the Securities Markets Act, concerning Soprano Oyj

FIN-FSA decision FIVA/2022/1397

On 14 November 2022, the Finnish Financial Supervisory Authority (FIN-FSA), pursuant to chapter 11, section 26 of the Securities Markets Act (746/2012), decided to grant Simula Invest Oy and Aarne Simula an exemption from the time limits specified under chapter 11, section 22, subsection 2, and from the obligation to launch a bid specified under chapter 11, section 19, of the said Act, concerning Soprano 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 21 December 2022, at the FIN-FSA premises at Snellmaninkatu 6, Helsinki, Finland.

An announcement of the publication of the decision will also be made on 30 November 2022 on the FIN-FSA website 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 on the FIN-FSA website.

For further information, please contact: Marianne Demecs, Market Supervisor, tel. +358 9 183 5366.

Helsinki, 30 November 2022

Finnish Financial Supervisory Authority

Decision (in Finnish, pdf)