Subscription of the shares issued in the directed share issue by Vaahto Group Plc Oyj
VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 11.12.2012 at 16.00
SUBSCRIPTION OF THE SHARES ISSUED IN THE DIRECTED SHARE ISSUE BY VAAHTO GROUP PLC OYJ
The Board of Directors of Vaahto Group Plc Oyj (the “Company”) has on 2 December 2012 resolved to issue 73,892 new shares to Mikko Laakkonen against consideration and in deviation from the pre-emption rights of existing shareholders (the “Share Issue”). Mikko Laakkonen has subscribed to all the shares issued in the Share Issue and the Board of Directors of the Company has on 11 December 2012 resolved to accept the subscription.
The Share Issue was resolved upon by virtue of the authorisation granted to the Board of Directors by the Company’s annual general meeting of shareholders on 12 December 2011. Subsequent to the Share Issue, the Board of Directors may still resolve on issuing up to 8,506 shares based on the authorisation.
The purpose of the Share Issue is to stabilise the financial standing of the Company.
The subscription price paid by Mikko Laakkonen is EUR 2.03 per share, which was the closing price of the Company’s share on the Helsinki Stock Exchange maintained by NASDAQ OMX Helsinki Ltd (the “Helsinki Stock Exchange”) on 30 November 2012. The aggregate subscription price is thus EUR 150,000.76. The subscription price shall be recorded in its entirety in the Company’s invested unrestricted equity fund.
The shares issued in the Share Issue will be registered with the Trade Register and entered into the book-entry system on or about 18 December 2012, and will be listed for public trading on the Helsinki Stock Exchange on or about 19 December 2012.
Lahti 11 December 2012
VAAHTO GROUP PLC OYJ
Board of Directors
Reijo Järvinen, Chairman of the Board, Vaahto Group Plc Oyj +358 400 715968
Ari Viinikkala, CEO, Vaahto Group Plc Oyj +358 400 127664