Conclusion of EAB Group Plc’s co-operation negotiations

EAB Group Plc, Inside Information, Stock Exchange Release, 18 September 2019, 9:10 a.m. (EET)

Conclusion of EAB Group Plc’s co-operation negotiations

EAB Group Plc (“Company”) announced on 28 August 2019 that it will start planning an efficiency program and the co-operation negotiations related to the program in all EAB Group companies (“Group”). The Group has concluded the co-operation-negotiations on 17 September 2019. After the negotiations, the Group will lay off 9 persons, of which an employment contract for new tasks can be offered for two persons.

The purpose of the co-operation negotiations was to ensure the Company’s profitability in the future by achieving yearly cost savings of 1 million euros together with other measures in the whole organisation from year 2020.

”I am extremely sorry for those persons, whose tasks will be ended. In spite of the difficult situation, I want to thank those persons for their valuable contribution for the Company”, says CEO Daniel Pasternack.

EAB GROUP PLC

Board of Directors

Further information:

EAB Group Plc

Daniel Pasternack, CEO
+358 50 569 3416
daniel.pasternack@eabgroup.fi

EAB Group offers versatile and high-quality saving, investment and asset management services for private investors, institutions and professional investors. The Group's parent company EAB Group Plc’s share is listed on the Nasdaq Helsinki stock exchange. EAB Group uses the name Elite Alfred Berg as its marketing name. The Group companies include EAB Asset Management Ltd offering asset management activities, and EAB Fund Management Ltd acting as a fund company and authorised alternative investment fund manager. The Groups’ customer base consists of individuals and corporations that are served nationwide in 13 different locations. The Group employs more than 100 investment professionals, and over 20 tied agents provide its services. On behalf of its clients, the Group manages assets of over EUR 3 billion in total. Check out EAB Group’s services at www.eabgroup.fi.

DISTRIBUTION:

Nasdaq Helsinki Oy
The main news media
www.eabgroup.fi