English

New shares subscribed for in Toivo Group Plc’s directed share issue have been registered in the Trade Register

Report this content

Toivo Group Plc – Company release

22 June 2022 at 4 p.m. EEST

A total of 1,900,000 new shares subscribed for in Toivo Group Plc’s directed share issue have been entered into the Trade Register today, on 22 June 2022. After the registration of the new shares, the company will have 54,986,226 shares in total. The new shares produce the right to dividends and other distribution of assets as well as other shareholder rights as of this registration date.

The new shares will be admitted to trading on the Nasdaq First North Growth Market Finland of Nasdaq Helsinki Ltd on or about 27 June 2022.

Further information

Markus Myllymäki

CEO

Toivo Group Plc

Tel. +358 (0)40 847 6206

markus.myllymaki@toivo.fi

Certified Advisor

 

Danske Bank A / S, the Finland branch

Tel. +358 (0) 50 575 4422

About Toivo

Toivo is a Finnish real estate company that was founded in 2015. Its business consists of developing apartment lots, constructing housing and ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of residential real estate with its own team, from raw land development to renting apartments. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.

Toivo’s strategy is to develop apartments in accordance with the Toivo concept. The apartments aim for a strong development margin and a stable and attractive return, and this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience.

Toivo’s revenue in 2021 was EUR 13.6 million and its operating profit was EUR 15.8 million.

 

Subscribe