Mr. Christer Antson has resigned as Finnlines Plc’s President and CEO. Mr. Uwe Bakosch has been appointed new President and CEO for Finnlines Plc. He is at present Managing Director of ATG Autotransport Logistic GmbH.
In order to strengthen the Group’s capital structure the Board of Directors of Finnlines has resolved to issue a hybrid bond. The principal amount of the bond is EUR 21 million and it is targeted to the main shareholders.
The Board of Directors also intends to propose to the shareholders’ meeting that a rights issue will be arranged in May 2009. If it is approved, the company’s largest shareholder Grimaldi Group has committed to subscribe shares. The intention is that the principal of the hybrid bond shall be redeemed in full after the rights issue.
In order to strengthen the Group’s capital structure the Board of Directors of Finnlines has resolved to issue a hybrid bond. The principal amount of the bond is EUR 21 million and it is targeted to the main shareholders.
The Board of Directors also intends to propose to the shareholders’ meeting that a rights issue will be arranged in May 2009. If it is approved, the company’s largest shareholder Grimaldi Group has committed to subscribe shares. The intention is that the principal of the hybrid bond shall be redeemed in full after the rights issue.