Loudspring carries out a directed share issue of EUR 0,8 million
Company release, inside information
19.11.2021, 17:00 (EET)
Based on the authorization granted by the Annual General Meeting of the Company on 23 April 2021, the Board of Directors of Loudspring Oyj (“Loudspring” or the “Company”) have on 19 November 2021 resolved on a directed share issue of EUR 800 000 to a group of investors (the “Share Issue”).
In the Share Issue, 4 000 000 new class A shares (the “Offer Shares”) were offered. The subscription price in the Share Issue was set at EUR 0,20 per Offer Share and amounts to a total of EUR 800 000. The entire subscription price of the Offer Shares will be recorded in the Company's reserve for invested unrestricted equity. The reasons for the deviation from the shareholders’ preemptive rights was to raise capital in a time and cost-effective manner.
The Offer Shares represent approximately 8,5 % of the outstanding shares and 3,1% of the votes in the Company after the Share Issue. Following the Share Issue, the number of issued and outstanding class A shares of the Company will be 42 953 097. The total number of issued and outstanding shares of the Company will be 47 261 691
Board of Directors
Jarkko Joki-Tokola, CEO, Loudspring Oyj. Tel. +358 40 637 0501, email@example.com
Erik Penser Bank AB, Certified Adviser. Tel. +46 8 463 83 00, firstname.lastname@example.org
Loudspring in brief
Loudspring is an investment group focused on saving natural resources. Our strategy is to focus on the ownership and governance in Eagle Filters where we see a clear path to a long term profitable and scalable business, and divest more opportunistic higher risk investments, transforming into an industrial company. Our customers saved 125 000 tons CO2 emissions during 2020 using our technology, which equates to the CO2 carbon footprint of 12 000 Finns on average.
The company group is listed on First North Growth Market Finland under the ticker LOUD and on First North Growth Market Stockholm under the ticker LOUDS.