Wetteri Plc’s new shares have been registered with the Trade Register

Wetteri Plc   Stock exchange release   28 December 2023 at 14.00 EET

Wetteri Plc's new shares have been registered with the Trade Register

The Board of Directors of Wetteri Plc (“Wetteri” or “Company”) issued a total of 7,327,587 new shares through a directed share issue against payment based on the authorization given by the Company’s Annual General Meeting on the 8th of May 2023 as previously announced. The subscription price was EUR 0.464 per share. The subscription price was based on the closing price of the Company’s share on the 20th of December 2023 at the end of trading in the Helsinki Stock Exchange less approximately 10.1 percent discount.

After the subscriptions of the share issue, the number of Wetteri’s shares will increase to a total of 148,212,609 shares from the previous 140,885,022 shares. The share capital of the Company will not change as a result of the share issue. The registered share capital is EUR 96,000. The new shares have been registered with the Trade Register on the 28th of December 2023 and will be publicly traded on Helsinki Stock Exchange approximately on 2nd of January 2024.

Additional information:

Aarne Simula, CEO, Wetteri Plc

Tel. +358 400 689 613, aarne.simula@wetteri.fi

Wetteri Plc - An Entrepreneur-Driven Automotive Growth Company

Wetteri Plc is an entrepreneur-driven growth company in the automotive sector. The company engages in the retail sales of passenger cars, commercial vehicles and heavy vehicles, and produces maintenance and repair shop services for vehicles, from passenger cars to heavy vehicles. Headquartered in Oulu, the company has 40 locations in Finland. The company employs around 1000 people, of whom nearly 70% work in maintenance and repair services. Wetteri promotes digitalisation in the automotive sector and is an important player on the common journey towards emission-free motoring. More information: sijoittajat.wetteri.fi/en/