Relais Group Plc applies for its shares to be listed on the official list of Nasdaq Helsinki Ltd
Relais Group Plc
Stock exchange release 24 November 2022 at 2.00 p.m. EET
Relais Group Plc (“Relais” or the “Company”) has today submitted a listing application to Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) for the listing of the Company’s shares on the official list of Nasdaq Helsinki (the “Listing”). The listing is conditional on Nasdaq Helsinki approving the listing application and the Financial Supervisory Authority approving the listing prospectus to be drawn up in connection with the Listing. Trading in the shares is expected to commence on the official list of Nasdaq Helsinki approximately on 1 December 2022.
The objective of the Listing is to promote the implementation of the Company’s growth strategy, and the Company estimates that the Listing will have a positive impact on its ability to make acquisitions by enabling the requisite financing. In addition, the Company estimates that the Listing will increase awareness of the Company among customers, partners, potential acquisition targets and investors.
“Relais Group has been listed on Nasdaq First North Growth Market as of October 2019. Moving to the official list of Nasdaq Helsinki is a logical and natural step on the growth path of our Company. We are a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic region. During the last four years we have made 12 acquisitions and more than tripled the turnover of the Group. We have now even better possibilities to successfully execute our growth strategy which is based strongly on acquisitions”, commented Arni Ekholm, the CEO of Relais.
At the same time, Relais has requested that its shares be removed from the First North Growth Market Finland maintained by Nasdaq Helsinki in connection with the Listing.
The trading code RELAIS and the ISIN code FI4000391487 of the Company’s shares will remain unchanged. As of today, Relais complies with the regulation on disclosure obligations for companies listed on a regulated market.
In connection with the contemplated Listing, the Company has updated its disclosure policy. The Company’s updated disclosure policy is available on the Company’s website at https://relais.fi/en/investors/.
In connection with the Listing, the Company’s legal advisor is Roschier, Attorneys Ltd and the lead manager is Evli Plc.
Further information:
Arni Ekholm, CEO
Phone: +358 40 760 3323
E-mail: arni.ekholm@relais.fi
Relais Group’s certified advisor is Evli Plc.
Phone: +358 40 579 6210
Relais Group
Relais Group is a 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 237.8 (2020: 128.9) million. During 2021, we completed a total of six acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on Nasdaq Helsinki Ltd’s Nasdaq First North Growth Market Finland with the stock symbol RELAIS.
IMPORTANT NOTICE
This announcement is for information purposes only and under no circumstances shall constitute an offer or invitation, or form the basis for a decision, to invest in any securities of the Company. Evli Plc (“Evli“) is acting exclusively for the Company and no-one else in connection with the Listing. It will not regard any other person as its client in relation to the Listing and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in relation to the Listing, the contents of this announcement or any transaction, arrangement or other matter referred to herein.