Solwers organizes a directed share issue in connection with the acquisition in Sweden

Solwers Plc Company release, 19th August 2024 at 14:00 EEST

Solwers Plc is organizing a directed share issue for the sellers in connection with Spectra Consult AB acquisition announced in a press release today. Part of the purchase price has been agreed to be paid with Solwers Plc's shares.

The share issue will be implemented based on the authorization given to the board of directors by the Solwers Plc's general meeting on April 25, 2024. There is a weighty financial reason for deviating from the shareholders' pre-emptive subscription right, because the directed share issue is related to a corporate acquisition in line with the company's growth strategy.

The subscription price of the shares is EUR 3.53 per share, which is the volume-weighted average price of Solwers Plc's share quotation on the First North Growth Market for a one-month period before the acquisition. The number of new shares to be directed to the sellers is 62,471 shares, corresponding to approximately 0.6 per cent of the total outstanding and issued shares. Registration of the new shares is expected to take place during September 2024.

As a result of this issue, the total number of shares issued by Solwers Plc will increase from 10,108,037 shares to 10,170,508 shares. The numbers include the shares from the share issue related to the acquisition of Siren Arkkitehdit Oy in June, which have not been registered at the time of this release.  

A 12-month transfer restriction on new shares will be recorded in the sellers' book-entry accounts.

Solwers Plc

Board of Directors

Certified advisor: UB Corporate Finance Oy, ubcf@unitedbankers.fi