EAB Group Plc's share issue to personnel oversubscribed 2.45 times - 200,000 new class B shares were subscribed

EAB Group Plc, Company Announcement, 12 November 2018, 8:00 a.m. (EET)

EAB Group Plc's share issue to personnel oversubscribed 2.45 times - 200,000 new class B shares were subscribed

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The subscription of the directed share issue to personnel of EAB Group Plc (the "EAB", the "Company"), published 29 October 2018, has ended on 9 November 2018. Altogether 200,000 new class B shares in the Company (the "Offer Shares") were subscribed in the offering. The Board of Directors of the Company decided to increase the number of Offer Shares from 100,000 to 200,000.

"Many members of EAB Group's personnel are already owners of the Company. The company has grown substantially, and we wanted to give also new EAB employees the opportunity to become owners of EAB. I'm very delighted by the number of our employees that decided to invest into our company", says CEO Daniel Pasternack.

Due to the oversubscription the Board decided to cut the largest subscriptions. In addition, the Board decided to allocate Offer Shares to subscribers according to commitments taking into consideration the cut for the largest subscriptions.

The share issue is carried out based on the authorization given by the Company's Annual General Meeting to the Board of Directors on 4 April 2018. The subscription price is EUR 3.15 per Offer Share, amounting to total proceeds of EUR 630,000. The subscription price of the Offer Shares will be recorded into the invested unrestricted equity reserve of the Company.

The objective of the share issue is committing the personnel to the EAB.

The 200,000 Offer Shares subscribed in the offering correspond to approximately 1.47 per cent of all outstanding shares in the Company immediately prior to the share issue and 1.44 per cent following the share issue. The Offer Shares represent 0.17 percent of the votes of the Company before and after the share issue. After the share issue, the number of issued shares of the Company will be 20,266,902 and the number of outstanding shares will be 13,843,272.

The Offer Shares issued are new shares of EAB corresponding the existing B share class of the Company. The Offer Shares are expected to be registered in the Trade Register maintained by the Finnish Patent and Registration Office on or about 13 November 2018. The ISIN code of shares is FI4000157441. The Offer Shares are expected to be registered into the book-entry accounts of investors on or about 14 November 2018.

The Company intends to make as soon as possible an application for the admission to trading of the Offer Shares on First North Finland marketplace operated by Nasdaq Helsinki Ltd (the "Helsinki Stock Exchange"). Trading in the Offer Shares on the First North Finland marketplace is expected to commence on or about 15 November 2018, provided that the Helsinki Stock Exchange approves the listing application in respect of the Offer Shares.

EAB GROUP PLC
Board of Directors

Further information:
EAB Group Plc

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

Kari Juurakko, Chairman of the Board
+358 50 582 7411
kari.juurakko@eabgroup.fi

Certified Advisor Merasco Ltd
Telephone: +358 9 6129 670

EAB Group offers versatile and high-quality asset management services for private investors, institutions and professional investors. The Group's parent company EAB Group Plc is listed on the First North Finland market maintained by Nasdaq Helsinki Oy (Helsinki Stock Exchanges). 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 15 different locations. The Group employs more than 100 investment professionals, and over 25 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

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