Elite Asset Management Plc's subsidiary Elite Sijoitus Oy buys TL Trade Oy

Elite Asset Management Plc, Company Announcement, 18 September 2017, 12:00 (EET)

Elite Asset Management Plc's subsidiary Elite Sijoitus Oy buys TL Trade Oy

Elite Asset Management Plc's ("Elite") subsidiary Elite Sijoitus Oy and the owner of TL Trade Oy have today signed a sale and purchase agreement by which Elite Sijoitus Oy acquires all the shares of TL Trade Oy. The acquired company provides investment and asset management services.

As a result of the acquisition, the founder of TL Trade Oy, Tommi Levo, will start as private banker in Elite after a transition period. The acquisition is in line with Elite's strategy, according to which the company strives to expand its organization of customer service and sales nationwide.

"The acquisition will expand Elite's sales power even further. We wish Tommi Levo welcome to Elite. He has an excellent attitude and strong track record working as private banker, which we appreciate a lot", says Daniel Pasternack, CEO of Elite Asset Management.

"Elite's service range and customer oriented approach have made an impact on me. Therefore, starting as private banker in Elite was an easy and natural decision", says Tommi Levo.

The acquisition is not expected to have a significant impact on Elite's 2017 financial result. The parties have agreed that the purchase price will not be disclosed.

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 and professional investors. Elite Asset Management Plc is listed on the First North Finland market maintained by NASDAQ Helsinki (Helsinki Exchanges). Elite Asset Management Plc is the parent company of the Elite Group (Elite). Elite's customer base consists of individuals and corporations that the company serves nationwide in 14 different locations. The first company belonging to the current Elite Group was founded in 2000. Elite employs 105 investment professionals and over 40 tied agents. On behalf of its clients, the company manages assets of approximately EUR 3 billion in total. Check out Elite's services at www.elitevarainhoito.fi.

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