Loihde Plc Company announcement 27 June 2024 at 3:45 p.m. EEST
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Today, on 27 June 2024, Loihde Plc's Board of Directors has decided to issue a total of 8,043 new shares as part of the Group's Employee Share Savings Plan (ESSP).
On 25 May 2023, Loihde's Board of Directors decided to establish an ESSP for the employees of Loihde Plc and its subsidiaries. The ESSP gives employees the opportunity to save a portion of their salaries and invest those savings in Loihde’s shares. The savings will be used to buy shares in Loihde four times a year. The main terms and conditions of the ESSP are described on Loihde’s website at www.loihde.com/en/investors/governance/remuneration.
The new shares are savings shares subscribed for with the savings accumulated by ESSP participants between 1 March and 31 May 2024. The share subscription price is EUR 13.3163 per share, which corresponds to the volume-weighted average share price on Nasdaq First North Growth Market Finland during the time period from 1 to 31 May 2024.
The share issue is based on the authorisation granted by the Annual General Meeting held on 6 May 2021. The new shares are estimated to be registered in the Trade Register on 10 July 2024, and trading in the new shares on Nasdaq First North Growth Market Finland, maintained by Nasdaq Helsinki Ltd, together with the old shares, is estimated to commence on 11 July 2024. As a result of the share issue, the total number of shares in Loihde Plc will increase to 5,740,424. The subscription price will be entered in full in the company’s reserve for invested unrestricted equity.
Further information
CEO Samu Konttinen:
Media contact: Director of Communications Tiina Nieminen, tel. +358 44 411 3480, tiina.nieminen@loihde.com
Certified Adviser Aktia Alexander Corporate Finance Oy, tel. +358 50 520 4098
Loihde enables business continuity. We help our customers to gain a sustainable competitive edge through data, AI and digitalisation, to harness the potential of the cloud and to protect themselves against both physical and cyber threats. The combining of these skills is what makes Loihde a unique and comprehensive partner. We are approximately 850 skilled professionals, and our revenue in 2023 amounted to EUR 133 million.