Loihde Plc Company announcement 21 June 2023 at 12:30 p.m. EEST
On 4 May 2023, Loihde Plc’s Annual General Meeting decided on a directed share issue related to the long-term share-based incentive scheme for the company’s Board of Directors, in which a maximum of 4,678 shares were issued for subscription by the members of the Board of Directors.
Today, the company’s Board of Directors has approved the subscriptions for shares made in the directed share issue. Six members of the Board of Directors subscribed for shares in the directed share issue for the Board of Directors, with the total number of shares being 3,843. The subscription price was EUR 14.82 per share. The subscription price is based on the volume-weighted average share price in April 2023, with a 10 per cent discount applied. The share subscription price will be entered in the company’s reserve for invested unrestricted equity.
As a result of the share issue, the total number of shares in Loihde Plc increases to 5,746,181 shares.
The new shares are estimated to be registered with the Trade Register on or about 6 July 2023 and trading in the new shares on Nasdaq First North Growth Market Finland, maintained by Nasdaq Helsinki Ltd, together with the old shares will commence on or about 7 July 2023.
CEO Samu Konttinen
Media contact: Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or email@example.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to create growth and competitiveness through digitalisation and to protect themselves from physical and cyber threats. Loihde consists of two business areas: security solutions with the brand Loihde Trust and digital development with the brands Loihde Advance, Loihde Factor and Loihde Cloudon. The Group has approximately 900 employees and its revenue in 2022 amounted to EUR 123 million.