Relais Group Plc aims to transfer its shares to Nasdaq Helsinki Main Market at the earliest during the second half of 2022
Relais Group Plc
Company release, March 2, 2022 at 9.00 EET
The Board of Directors of Relais Group Plc (the "Company"), a leading consolidator in the Nordic vehicle aftermarket, has decided to aim to transfer its shares to Nasdaq Helsinki Main Market at the earliest during the second half of 2022.
Relais Group Plc's shares have been listed on the Nasdaq First North Growth Market Finland since October 2019. The Company announced that it had started investigating the possibility of transferring its shares to Nasdaq Helsinki Main Market with a company release published on 17 May 2021. Following the results of the investigation, the Company has resolved that it aims to transfer its shares to Nasdaq Helsinki Main Market at the earliest during the second half of 2022.
In the Company's view, transferring the shares to the Main Market would support the implementation of the Company's strategy and the acceleration of the Company's acquisition activities. Additionally, a transfer is expected to open up new financing channels for Relais as well as increase the awareness of the Company among its customers, partners, potential acquisition targets and investors. The transfer to the Main Market is also expected to support the achievement of a wider ownership base and increased liquidity of Relais' shares.
Arni Ekholm, CEO of Relais Group Plc:
"We have executed our strong growth strategy on the First North marketplace and have grown to a size level where Relais has the option of listing its shares on the Main Market. Different modes of mobility and the related services are creating a whole new market in which we want to continue to act as a pioneer and active consolidator. The transfer of our shares to the Main Market would strengthen our capability to accelerate our targeted acquisitions.”
Relais Group Plc
Board of Directors
Further information:
Relais Group Plc,
CEO Arni Ekholm
tel. +358 40 760 3323
Email: arni.ekholm@relais.fi
Certified advisor:
Evli Bank Plc, tel. +358 40 579 6210
Distribution:
Nasdaq Helsinki
Key media
www.relais.fi
Relais Group
Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We are an industrial operator with 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 2020 was EUR 128.9 (2019: 98.9) million and we employed almost 300 professionals in six different countries. During 2021, we have completed five acquisitions. The combined net sales of the acquired companies total to approximately EUR 114.5 million. Following the acquisitions, we employ approximately one thousand professionals. Our share is listed on Nasdaq Helsinki Ltd's Nasdaq First North Growth Market Finland with the stock symbol RELAIS.