Directed free share issue in connection with the payment of additional purchase price of Lumise Oy
Relais Group Plc, Company Release 25 April 2022 at 9.45 a.m. EET
The Board of Directors of Relais Group Plc has decided on a directed free share issue (“Directed Share Issue”) and issues a maximum total of 64,407 new Relais Group shares (“Additional Shares”) to be subscribed for free of charge by Kari Kauhanen and other former shareholders of Lumise Oy.
The Directed Share Issue will be carried out in derogation of the pre-emptive subscription right of the shareholders on the authorization of the Company's Annual General Meeting held on 13 April 2022. The Additional Shares issued in the Directed Share Issue are issued on the basis of terms and conditions binding on the parties to the purchase agreement in order to meet the terms and conditions of the acquisition of Lumise Oy completed on 31 March 2021, and thus there is a particularly weighty financial reason for the Directed Share Issue for the company and for the interests of all its shareholders.
The Additional Shares will represent approximately 0.36 per cent of Relais shares and votes after the Directed Share Issue. The Additional Shares will entitle to full dividends possibly distributed by Relais and to other distribution of assets as well as carry other shareholder rights in the Company starting from when the Additional Shares have been entered in the Trade Register and the shareholders' register of the Company. The Company will apply for the admission of the Additional Shares to trading in Nasdaq First North Growth Market Finland with the same share class as the Company's old shares after the Additional Shares have been entered in the Trade Register.
Relais Group Plc
Board of Directors
Further information:
Relais Group, CEO Arni Ekholm
Tel. +358 40 760 3323
Email: arni.ekholm@relais.fi
Certified advisor:
Evli Plc
Tel. +358 40 579 6210
Distribution:
Nasdaq Helsinki
Financial Supervisory Authority
Key media
www.relais.fi
Relais Group
Relais Group is the leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.
We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.
Our net sales in 2021 was EUR 237.9 (2020: 128.9) million. During 2021, we completed a total of six acquisitions. Following the acquisitions, we employ approximately 950 professionals in six different countries. Our share is listed on Nasdaq Helsinki Ltd's Nasdaq First North Growth Market Finland with the stock symbol RELAIS.