The right to request the exercise of a purchase option according to a Shareholders' Agreement
Relais Group Plc, Company Release 7.4.2021 at 9:30 am EET
The right to request the exercise of a purchase option according to a Shareholders' Agreement
Relais Group Plc (“Company”) has been notified that the Company's largest shareholder, Ari Salmivuori, and a company controlled by him, Ajanta Oy (“Ajanta”), which is the Company’s third largest shareholder, have agreed with Solesol Oy (“Solesol”) on an arrangement according to which Solesol has been granted the right to request that Salmivuori and Ajanta exercise their call option pursuant to the Shareholders' Agreement entered into in May 2019 prior to the company’s listing between certain shareholders of the Company and the Company on the Company's shares (“Call option”) owned by Nordic Industry Development AB (“NID”) for a maximum of 443,250 shares so that Salmivuori and Ajanta will indicate, in accordance with the terms of the Call option, that Solesol is to purchase from NID the number of the Company’s shares required by Solesol.
The remaining tranche included in the Call option comprises a total of 886,500 of the Company’s shares and will expire on 31 July 2022. Solesol's right to request the exercise of the Call option as specified above is valid until 31 July 2021, but Salmivuori and Ajanta are entitled to schedule the exercise of the Call option so that the transaction is executed no later than on 21 October 2021.
Relais Group Plc
Board of Directors
For further information, please contact:
CEO Arni Ekholm
Email: arni.ekholm@relais.fi
Telephone: +358 40 760 3323
Certified adviser:
Evli Bank Plc
Telephone: +358 40 579 6210
Distribution:
Nasdaq Helsinki Ltd
Financial Supervisory Authority
Main media
www.relais.fi
Relais Group Plc in brief
Relais Group is the 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 already made three acquisitions. The combined net sales of the acquired companies total to almost EUR 92 million. Following the acquisitions, we employ more than 800 professionals. Our share is listed on Nasdaq Helsinki Ltd's Nasdaq First North Growth Market Finland with the stock symbol RELAIS.
www.relais.fi