Caverion’s share has indeed been in a “Trading suspended” state for an exceptionally long time. Usually, this phase lasts a couple of weeks at most, after which the stock is delisted, meaning it is completely removed from the stock exchange list. Delisting requires the buyer to provide security for the remaining shares and the interest to be paid on them, and the buyer has not yet done this. Apparently, they are only now seeking a corporate bond to pay for the remaining shares and interest. One can only hope they manage to secure the funds from somewhere and get the deal across the finish line. The redemption price for the shares was €8.75/share, and payment for these can be expected in the book-entry account in July at the earliest, provided the funds are arranged and the so-called undisputed portion (€8.75/share) is paid in advance; otherwise, payment will likely be delayed until late summer or autumn, once the arbitral tribunal has confirmed the redemption price.
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“Ownership of all shares in Caverion Corporation has been transferred in the redemption proceedings
to the redeemer, Crayfish BidCo Oy.”
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FYI: The redemption proceeds, including interest, have arrived in the account today.
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I am not sure if this is the right place to ask, but it is related to Caverion nonetheless. I noticed that the Caverion share (which was traded on the exchange) and the redemption share have different ISIN codes. The shares acquired from the exchange were removed from the portfolio at a price of 0 euros, so it occurred to me whether my following interpretations are correct:
- The shares acquired from the exchange have been disposed of at a price of 0 euros and their acquisition cost is a loss.
- Regarding the received redemption shares, it is possible to use the 20% deemed acquisition cost.