Increase in the number of shares registered in the trade register
Relais Group Plc
Company Release 20 March 2020 at 9.00 a.m. EET
Total of 606,250 share subscriptions based on the directed share issue approved by the Board of Directors of Relais Group Plc on 6 February 2020, have been entered into the trade register today. The subscription price for the shares was EUR 8.6091 per share. The directed issue is related to the acquisition of TD Tunga Delar Sverige AB announced on 6 February 2020. With the closing of the acquisition, Relais Group Plc paid SEK 55.0 million of the purchase price by issuing a total of 606,250 new Relais Group Plc's shares to be subscribed by the shareholders of TD Tunga Delar Sverige AB.
After these subscriptions, the number of Relais Group Plc's shares and votes will rise to 16,820,050. These increases were recorded in their entirety in the reserve of invested unrestricted equity.
Relais Group Plc has applied for the listing of its new shares on the Nasdaq First North Growth Market Finland in the same series as the company's existing shares. According to the current estimate, the new shares will be listed on 23 March 2020.
Relais Group Plc
Board of Directors
Relais Group, CEO Arni Ekholm
Tel. +358 40 543 1446
Evli Bank Plc,
Tel. +358 40 579 6210
Relais Group Plc in brief
Relais Group Plc is an importer and technical wholesaler that actively develops its vehicle spare parts and electrical equipment business in the Nordic and Baltic countries. Relais creates added value for its customers by offering vehicle spare parts, electrical equipment, and specialist services throughout the lifecycle of vehicles in a reliable, efficient and timely manner. As a strongly growth-oriented company, Relais aims to be an industry forerunner in the vehicle lifecycle enhancement business. The net sales of Relais Group were EUR 98.9 million in 2019. The company employed 258 people across five countries on 31 December 2019.