Relais Group Plc: Increases in the number of shares registered in the trade register
Relais Group Plc, Company Release 17 March 2021 at 9.00 a.m. EET
Total of 67,423 share subscription based on the directed share issue approved by the Board of Directors of Relais Group Plc on 29 January 2021, have been entered into the trade register today. The subscription price for the shares was EUR 13.7390 per share. The directed issue is related to the closing of the acquisition of Raskone Oy announced on 29 January 2021. With the closing of the acquisition, Relais Group Plc paid EUR 926,311 of the purchase price by issuing a total of 67,423 new Relais Group Plc's shares to be subscribed by Jan Popov, a shareholder of Raskone Oy.
In addition, a total of 18,800 new share subscriptions based on the company’s stock options 2017F, 2019C and 2019D approved by the Board of Directors of Revenio Group Corporation on 5 March, 2021, have been entered into the trade register today. The number of shares subscribed based on option rights 2017F was 12,550, based on option rights 2019C 3,100 and based on option rights 2019D 3,150 shares. The share subscription price under option rights 2017F was 4.16 EUR per share and under option rights 2019C and 2019D 4.20 EUR per share.
After these subscriptions, the number of Relais Group Plc's shares and votes will rise to 17,295,124. 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 18 March 2021.
Relais Group Plc
Board of Directors
CEO Arni Ekholm
Telephone: +358 40 760 3323
Evli Bank Plc
Telephone: +358 40 579 6210
Nasdaq Helsinki Ltd
Financial Supervisory Authority
Relais Group Plc in brief
Relais Group is one of the leading players in the vehicle aftermarket in the Nordic and Baltic countries. We are an industrial operator with a sector focus on 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 amounted to EUR 128.9 (2019: 98.9) million in 2020, and we employed nearly 300 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.