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

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Toivo Group Plc – Company release

 19 December 2023 at 4:30 EET

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

A total of 3,333,333 new shares subscribed for in Toivo Group Plc’s directed share issue have been entered into the Trade Register today, on 19 December 2023. After the registration of the new shares, the company will have 58,539,559 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 21 December 2023.

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 project development and long-term 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 properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.

Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in 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 in the real estate business.

Toivo’s revenue in 2022 was EUR 20.3 million and its operating profit was EUR 15.6 million.

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