The Board of Directors of Aspo Plc ("Aspo" or the "Company"), after having assessed the Company's strategic alternatives to maximize the long-term shareholder value regarding the ESL Shipping and Telko businesses, has approved a demerger plan concerning a partial demerger of the Company. According to the demerger plan, the Company will be demerged in such a way that all shares in ESL Shipping Ltd held by the Company, together with the related assets and liabilities, will be transferred to a new independent company to be named ESL Shipping Group Plc ("ESL Shipping Group") and to be incorporated in the demerger (the "Demerger").
The Company intends to apply for the shares of ESL Shipping Group to be admitted to trading on the regulated market of Nasdaq Helsinki Ltd ("Nasdaq Helsinki"). The Company's other business operations would remain with the Company following the Demerger, and it is intended that the Company be renamed Telko Group Plc ("Telko Group") in connection with the Demerger.
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