US/UK/Canada

Share

Contacts

  • Veli-Pekka Paloranta

    Chief Financial Officer


    +358 400 944 074
  • Juuso Hietanen

    CEO


    Väritehtaankatu 8, 01300 Vantaa
    +358 50 343 4023

    • Links

    Pick a time period -
    Tags ( Active)

    Lehto Group Plc, inside information: Lehto Group Plc’s restructuring programme has become legally binding

    Lehto Group PlcInside information3 October 2024 at 13.00 (Finnish time)The decision of the District Court of Oulu, issued on 24 September 2024, on confirming the restructuring programme of Lehto Group Plc has become legally binding.  Attorney Klaus Majamäki acts as the supervisor of the restructuring programme. Lehto Group Plc Board of Directors Further information Hannu Lehto, CEO, Member of the Board of Directors, +358 500 280 448 Veli-Pekka Paloranta, CFO, +358 400 944 074

    Lehto Group Plc, inside information: The District Court of Oulu has confirmed Lehto Group Plc's restructuring programme

    Lehto Group PlcInside information24 September 2024 at 11.00 (Finnish time)The District Court of Oulu has today on 24 September 2024 confirmed Lehto Group Plc’s (the “company” or “Lehto”) restructuring programme. Attorney Klaus Majamäki was appointed supervisor of the restructuring programme. The aim of the restructuring programme is, inter alia, to enable the company to start the energy construction business. The main content of the confirmed restructuring programme corresponds to the proposal for restructuring programme published on 17 June 2024. The main content of the

    Lehto Group Plc: Half-Year Financial Report, January – June 2024

    Lehto Group PlcHalf-year financial report1 August 2024 at 7.30 (Finnish time)From construction to real estate energy solutions and electricity storages This report has been prepared in accordance with the IAS 34 standard. The company complies with half-yearly reporting according to the Finnish Securities Markets Act. The half-year financial report is unaudited. Figures in brackets refer to the corresponding period of the previous year, unless otherwise stated. Group 1-6/ 1-6/ 1-12/ 2024 2023 2023

    Lehto Group Plc: Resolutions of Lehto Group Plc’s Annual General Meeting 2024 and the organizing meeting of the Board of Directors

    Lehto Group PlcStock exchange release19 June 2024 at 15.00 (Finnish time)The Annual General Meeting of Lehto Group Plc took place on 19 June 2024 in Vantaa, at meeting room Akropolis 1 of Technopolis Aviapolis in the address Teknobulevardi 3-5 F, 01530 Vantaa, Finland. The Annual General Meeting adopted the financial statements for 2023 and discharged the Members of the Board of Directors and the CEO from liability. In addition, the Annual General Meeting reviewed the loss of share capital in accordance with the Chapter 20, Section 23 of the Finnish Limited Liability Companies Act.

    Lehto Group Plc, inside information: Proposal for Lehto’s restructuring programme has been filed with the District Court of Oulu

    Lehto Group PlcInside information17 June 2024 at 16.45 (Finnish time)The administrator of Lehto Group Plc’s (the ”company” or ”Lehto”) corporate restructuring proceedings, attorney Klaus Majamäki, has on 17 June 2024 filed proposal for the company’s restructuring programme with the District Court of Oulu. In the view of the company and the administrator, the restructuring programme would lead to a better outcome for the company's creditors than bankruptcy. The aim of the restructuring programme is, inter alia, to enable the company to start the Energy Construction Business (defined

    Notice to the Annual General Meeting 2024 of Lehto Group Plc

    Lehto Group PlcNotice to General Meeting29 May 2024 at 3 p.m. (Finnish time)Notice is given to the shareholders of Lehto Group Plc (the “Company” or “Lehto”) to the Annual General Meeting (the “AGM”)  to be held on 19 June 2024 at 1 p.m. Finnish time in Vantaa, at meeting room Akropolis 1 of Technopolis Aviapolis. The address of the meeting place is Teknobulevardi 3-5 F, 01530 Vantaa, Finland. The reception of persons who have registered for the meeting and the distribution of voting tickets will commence at 12.30 p.m. Finnish time at the venue.   A. Matters on the agenda of

    Lehto Group Plc, inside information: Lehto focuses its business on real estate energy solutions and electricity storages

    Lehto Group PlcInsider information29 May 2024 at 2.55 p.m. (Finnish time)As Lehto Group Plc ("Lehto") has announced on several occasions, during 2024 Lehto has been evaluating options for moving into new business areas. Lehto's Board of Directors has decided on a plan according to which Lehto will focus its business on real estate energy solutions and electricity storages ("Energy Construction Business") and will seek to divest the prefabrication of building industry components of its subsidiary Lehto Components Oy. Energy Construction Business Real estate energy solutions

    Lehto Group Plc’s Annual Report 2023 published

    Lehto Group PlcStock exchange release30 April 2024 at 1.31 p.m. (Finnish time)Lehto Group Plc has published the Annual Report and Remuneration Report 2023. The Annual Report includes Financial Statements, the Report by the Board of Directors, Auditor’s Report and the Corporate Governance Statement. All the documents are available at Lehto Group’s website www.lehto.fi/en/investors . The documents are available both in Finnish and English. Lehto publishes also the Financial Statements in accordance with European Single

    Lehto Group Plc, inside information: Lehto's CEO is changing

    Lehto Group PlcInsider information24 April 2024 at 11 p.m. (Finnish time)The board of Lehto Group Oyj ("Lehto") and CEO Juuso Hietanen have jointly agreed that Hietanen's CEO contract will expire on April 30, 2024. Hietanen will continue working for the company as an advisor until the end of May 2024, during which time Hietanen's key task will be to promote the sales and reorganization of the business parts of Lehto's subsidiary Lehto Components Oy. The company's board has appointed board member Hannu Lehto as CEO as of 1 May 2024. Hannu Lehto will continue in the board member role

    Lehto Group Plc: Financial Statement Bulletin 1 Jan - 31 Dec 2023

    Lehto Group PlcFinancial Statement Bulletin 1 Jan - 31 Dec 202327 March 2024 at 8.00 a.m. (Finnish time)Due to the bankruptcies of Lehto Group Plc's three (3) subsidiaries that occurred after the end of the financial year, the corporate restructuring proceedings initiated at Lehto Group Plc and the ongoing asset sale negotiations, Lehto's financial statements for 2023 have not yet been completed. The unaudited financial statement information presented in this bulletin is based on estimates at the time of publication of the bulletin ("Financial statement information"). Depending on the

    Lehto Group Plc: Lehto sells its ownership in Insinööritoimisto Mäkeläinen Oy (engineering office)

    Lehto Group PlcStock exchange release20 March 2024 at 8.00 a.m. (Finnish time)Lehto Group Plc (“Lehto”) has on 19 March 2023 signed an agreement to sell the entire share capital of Insinööritoimisto Mäkeläinen Oy (“Transaction”). The buyers are the management of Insinööritoimisto Mäkeläinen Oy, Elvak Oy and Lehto Invest Oy. Insinööritoimisto Mäkeläinen Oy (“Target”) is a 100% owned subsidiary of Lehto, which is focused on structural design and employs around 40 employees in Kajaani, Kempele and Vantaa. Lehto considers that this is a related party transaction, because Lehto’s board

    Lehto Group Plc: Lehto Group Plc's equity turned negative

    Lehto Group PlcStock exchange release6 March 2024 at 9.30 a.m. (Finnish time)As disclosed on 8 February 2024, Lehto Group Plc’s subsidiaries Lehto Asunnot Oy, Lehto Tilat Oy and Lehto Korjausrakentaminen have been declared bankrupt, and accordingly, it is concluded that the equity of Lehto Group Plc, the parent company of the Group, has turned negative. The Board of Directors of the company has concluded the loss of the equity and is filing the corresponding notice to the Trade Register. Additionally, the Board of Directors shall draw up financial statements and management report as

    Lehto Group Plc: The members of Shareholders’ Nomination Committee have been appointed

    Lehto Group PlcStock exchange release28 February 2024 at 12.00 (Finnish time)The members of the Lehto Group Plc’s (“Company”) Shareholders’ Nomination Committee are Hannu Lehto, Jouni Hämäläinen and Markku Tuuli. The committee shall prepare the proposals regarding the Board members and their remuneration for the Annual General Meeting of 2024. According to the Rules of Procedure of the Shareholders’ Nomination Committee, the members of the Shareholders’ Nomination Committee shall consist of the representatives of the three biggest shareholders or if such a shareholder does not wish

    Lehto Group Plc: Change in Lehto Group Plc’s management structure

    Lehto Group PlcStock exchange release27 February 2024 at 12.00 (Finnish time)As Lehto stated in the stock exchange release published on February 15, 2024, as part of the corporate restructuring proceedings Lehto plans to divest its whole construction business and any holdings related thereto and reviews options to expand to new business areas and acquire new business. In the current situation, Lehto Group Oyj ("Lehto") does not have activities that would require group executive board in its previous scope, and Lehto has decided to terminate the group executive board for the time

    Lehto Group Plc, Inside Information: The District Court of Oulu has ruled to initiate corporate restructuring proceedings of Lehto Group Plc

    Lehto Group PlcInsider information16 February 2024 at 11.30 a.m. (Finnish time)By its decision of today, 16 February 2024, the District Court of Oulu has ruled to initiate proceedings for Lehto Group plc in accordance with the law of corporate restructuring. The District Court has positioned Attorney Klaus Majamäki from HPP Attorneys Ltd as administrator for the company’s corporate restructuring proceedings. According to the decision of the District Court, the proposal for the restructuring program must be drawn up latest by 17 June 2024. Lehto Group Plc Board of Directors

    Lehto Group Plc: Lehto postpones the publication date of the 2023 financial statement bulletin and the date of the annual general meeting and switches to semi-annual reporting

    Lehto Group PlcStock exchange release15 February 2024 at 10.45 (Finnish time)As a result of Lehto Group Plc’s filing for corporate restructuring and the bankruptcies of its subsidiaries, the publication date of Lehto's 2023 financial statement bulletin is delayed. Lehto publishes the following financial reviews in 2024: · 27 March 2024 financial statement bulletin for the year 2023 · 1 August 2024 half-year report January-June 2024 Along with the change in the business, the company will give up publishing the business reports for January-March and January-September and

    Lehto Group Plc, inside information: Lehto files for corporate restructuring

    Lehto Group PlcInside information15 February 2024 at 9:00 (Finnish time)The Board of Directors of Lehto Group Plc (”Lehto”) has decided to file for corporate restructuring proceedings at the district court of Oulu. Throughout 2023, Lehto has disclosed its difficult financial situation, which has been exacerbated by the challenging market situation in the construction industry. The operative subsidiaries of Lehto, Lehto Asunnot Oy, Lehto Tilat Oy, and Lehto Korjausrakentaminen Oy, have been declared bankrupt on 8 February 2024 due to which the operative cash flow of Lehto has mainly

    Lehto Group Plc, inside information: Subsidiaries of Lehto, Lehto Asunnot Oy, Lehto Tilat Oy and Lehto Korjausrakentaminen Oy have been declared bankrupt

    Lehto Group PlcInsider information8 February 2024 at 9.45 a.m. (Finnish time)The operative subsidiaries of Lehto Group Oyj, Lehto Asunnot Oy, Lehto Tilat Oy and Lehto Korjausrakentaminen Oy, have filed bankruptcy applications on 6 February 2024. The District Court of Oulu has, by decision of 8 February 2024 at 9.00 a.m., declared Lehto Asunnot Oy, Lehto Tilat Oy and Lehto Korjausrakentaminen Oy bankrupt. District Court of Oulu has appointed attorney Antti Latola from Norra Attorneys Ltd to be the administrator of bankruptcy estates of Lehto Asunnot Oy, Lehto Tilat Oy and Lehto

    Lehto Group Plc, inside information: The subsidiaries of Lehto, Lehto Asunnot Oy, Lehto Tilat Oy and Lehto Korjausrakentaminen Oy, decide to file for bankruptcy

    Lehto Group PlcInside information6 February 2024 at 9.00 a.m. (Finnish time)The Boards of operative subsidiaries of Lehto Group Plc (“Lehto”), Lehto Asunnot Oy, Lehto Tilat Oy and Lehto Korjausrakentaminen Oy, have today decided to file bankruptcy applications. Subsidiaries of Lehto, Lehto Components Oy and Insinööritoimisto Mäkeläinen Oy, will continue their operations. Lehto is currently reviewing options for continuing business operations, disposal or restructuring of the parent company as well as remaining subsidiaries, including the review of the prerequisites for corporate

    Lehto Group Plc: Change in Lehto Group Plc’s own shares

    Lehto Group PlcStock exchange release4 January 2024 at 3 p.m. (Finnish time)On December 28, 2023 a total of 30,788 shares have been returned to Lehto Group Plc without consideration. The returned shares are shares given to a key person as an incentive bonus, which have been returned to the company in accordance with the bonus agreement. Following the transfer, Lehto Group Plc holds a total of 203,424 of its own shares.   Further information: Veli-Pekka PalorantaChief Financial Officerveli-pekka.paloranta@lehto.fi+358 400 944 074

    Lehto Group Plc: Dates for Lehto Group’s financial calendar for the year 2024

    Lehto Group PlcStock exchange release29 December 2023 at 10.45 a.m. (Finnish time)Lehto Group Plc will publish the following financial reports in 2024: · February 22 – Financial statement bulletin 2023 · April 25 – Business Review for January-March 2024 · August 1 – Half Year Financial Report for January-June 2024 · October 24 – Business Review for January-September 2024  The Annual Report 2023 will be published at the latest on March 5, 2024.The Annual General Meeting 2024 is planned to be held on 26 March 2024. Further information:Veli-Pekka Paloranta, CFO

    Lehto Group Plc: Inside information: The letter of intent regarding the sale of Lehto’s operative subsidiaries has been terminated

    Lehto Group PlcInsider information18 December 2023 at 23.50 (Finnish time)Lehto Group Plc (”Lehto” or the ”company”) announced  on  24 October 2023 that it had entered into a letter of intent with an European fund management company (the “Purchaser”) concerning the sale of Lehto’s operative subsidiaries (“Transaction”). The parties have today decided to terminate the letter of intent related to the Transaction. Therefore, the Transaction in question will not be carried out. Lehto continues negotiations concerning the sale of its business or parts of it as well as other restructuring

    There are no items matching the current filter
    There are no more items matching the current filter
    Back to top

    Subscribe