Share issue in accordance with the terms of the share-based incentive system
Toivo Group Plc, company release, 3 April 2024 at 4:00 p.m.
On the basis of the authorisation granted by the Annual General Meeting held on 12 April 2023, a free directed share issue was decided on for persons entitled to a share award. A maximum of 142,523 shares held by Toivo Group Plc will be issued free of charge in the share issue. The free share issue is being carried out for the purpose of rewarding and committing the company's key personnel. There is a serious financial reason for derogating from the shareholder’s pre-emptive right, as referred to in Chapter 9, Section 4, Subsection 1 of the Limited Liability Companies Act.
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
Certified Adviser: Nordic Certified Advisor
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 2023 was EUR 43.7 million and its operating profit was EUR -0.3 million.