Elite Asset Management Plc: Board of Directors' decision to convert A shares to B shares and apply listing of the new B shares on the Nasdaq First North marketplace

Elite Asset Management Plc, Company Announcement, 20 March 2018, 1:00 p.m. (EET)

Elite Asset Management Plc: Board of Directors' decision to convert A shares to B shares and apply listing of the new B shares on the Nasdaq First North marketplace

The Board of Directors of Elite Asset Management Plc has, in its meeting on 20 March 2018, decided to convert series A shares to series B shares according to the 4 § of the Articles of Association. A total of 1,859,786 series A shares will be converted to new series B shares and the company will apply listing of those new B shares. The new B shares will be registered in the Finnish Trade Register. After the conversion the number of shares and votes are the following:

A shares: 7,439,142 shares, 148,782,848 votes
B shares: 5,404,130 shares, 5,404,130 votes

Total number of A and B shares: 12,843,272 shares, 154,186,978 votes

The total amount of the shares does not change.

Elite Asset Management Plc will release an additional announcement when the new series B shares are registered to the Finnish Trade Register and the first day of trading of those shares is confirmed.

ELITE ASSET MANAGEMENT PLC
Board of Directors

Further information:
Elite Asset Management Plc

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

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

Certified Advisor Merasco Oy
Telephone: +358 9 6129 670

Elite Asset Management Plc is a profitable and growing investment service company offering versatile and high-quality asset management services for both consumer clients and professional investors. Elite Asset Management Plc is listed on the First North Finland market maintained by NASDAQ Helsinki Oy (Helsinki Stock Exchanges). Elite Asset Management Plc is the parent company of Elite Group. The Groups' customer base consists of individuals and corporations that are served nationwide in 17 different offices. Elite employs more than 100 investment professionals, and over 25 tied agents provide the Group's services. On behalf of its clients, the Group manages assets of approximately EUR 3 billion in total. Check out Elite's services at www.elitevarainhoito.fi.

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