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This press release concerns the mandatory squeeze-out procedure initiated by Kinnevik Media Holding AB (hereafter, the "Majority Shareholder") on the class A and B shares of Metro International S.A. (hereafter, the “Company”).
This mandatory squeeze-out procedure is governed by the provisions of the law of 21 July 2012 on mandatory squeeze-out and sell-out of securities of companies currently admitted or previously admitted to trading on a regulated market or having been offered to the public (hereafter the "Squeeze-Out/Sell-Out Law"). On 22 April 2015, the Majority Shareholder published its decision to exercise its right of mandatory squeeze-out on the class A and class B shares of the Company in accordance with Article 4(3) of the Squeeze-Out/Sell-Out Law.
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