On 1 November 2022, Loihde Plc announced that it had made an agreement to acquire the entire share capital of the cloud service company Onrego Ltd and that there would be a directed share issue against payment relating to the acquisition.
Today, the acquisition has become effective. Onrego Ltd becomes a fully owned subsidiary of Loihde Plc, and Onrego’s CEO Jarno Mäki joins Loihde’s Leadership Team.
In accordance with the acquisition agreement, Loihde Plc has carried out a directed share issue of 50,000 shares to Onrego’s previous owner Roaring Aspen Hill Ltd, and the share issue has been fully subscribed. The share subscription price was EUR 11.99 per share, which corresponds to the volume-weighted average share price of the Loihde Plc shares traded on Nasdaq First North Growth Market Finland during the time period of 29 July to 28 October 2022. The new shares will be registered in the Trade Register on or about 14 December 2022 and listed for trading together with the old shares on Nasdaq First North Growth Market Finland, maintained by Nasdaq Helsinki Ltd, on or about 15 December 2022. As a result of the share issue, the total number of shares in Loihde Plc increases to a maximum of 5,729,709 shares.
CEO Samu Konttinen, media contact: Director of Communications Tiina Nieminen, tel. +358 44 411 3480 or 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 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 Advisory, Loihde Analytics and Loihde Factor. The Group has approximately 850 employees and its revenue in 2021 amounted to EUR 108.1 million.