Loihde Plc Company Announcement 27 September 2021 at 2.00 pm. (EEST)
The Board of Directors of Loihde Plc (“Loihde” or “the Company”) has decided to apply for the admission of the Company’s shares to trading on Nasdaq First North Growth Market Finland marketplace (“First North”) maintained by Nasdaq Helsinki Ltd (“Helsinki Stock Exchange”) and has today submitted a listing application to the Helsinki Stock Exchange. For the listing, the Company has prepared a company description in Finnish that has been reviewed by the Helsinki Stock Exchange.
The listing is to be carried out as a technical listing, which means that no share issue or sale will be arranged in connection with it. According to the management’s estimate, the listing would provide a marketplace for the Company’s share and increase liquidity of the share, resulting in more efficient price formation for the share. The listing would also enable using the Company’s share as a means of payment in potential acquisitions and increase the Company’s opportunities to use share-based incentive schemes to retain employees. Additionally, the listing would improve awareness of Loihde as an employer and among customers.
The Company filed today a listing application with the Helsinki Stock Exchange for the admission of the Company’s shares to trading on First North under the trading code LOIHDE. Provided that the Company’s listing application will be approved, trading on the Company’s shares at First North is expected to begin on or about 7 October 2021.
Availability of the company description
For the listing, the Company has prepared a company description in Finnish that has been reviewed by Helsinki Stock Exchange. The company description will be available as an electronic version on 27 September 2021 on the Company’s website at www.loihde.com/listautuminen.
Alexander Corporate Finance Oy will serve as Loihde’s financial adviser and the Certified Adviser in accordance with the rules of First North. Castrén & Snellman Attorneys Ltd will act as Loihde’s legal adviser and Hill+Knowlton Strategies as the communications adviser.
Loihde will hold a company presentation as a webcast where the CEO Samu Konttinen will speak about the Company and the listing. The event will be held on Tuesday 28 September 2021 starting at 6:00 p.m. EET. The event can be viewed at https://loihde.videosync.fi/info/register.
CEO Samu Konttinen, email@example.com
Media contact: Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or firstname.lastname@example.org
Certified Adviser Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde is an expert organisation specialising in digital development and security solutions. We help our customers create growth and competitiveness through digitalisation while ensuring the security of people and information and the continuity of business. Loihde consists of two business areas: security solutions with the brand Loihde Trust, and digital development with the brands Loihde Advisory, Loihde Analytics and Loihde Factor. The Group has approximately 710 employees and its revenue in 2020 amounted to EUR 106.8 million.