VAAHTO GROUP PLC OYJ STOCK EXCHANGE BULLETIN 3.12.2012 at 8.45
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 in a separate undertaking undertaken to subscribe for the shares issued in the Share Issue. 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 to be 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 period for the shares commences on 3 December 2012 and the shares shall be subscribed for within two weeks from the commencement of the subscription period. The subscription price shall be paid immediately upon subscription of the shares, and the subscription price shall be recorded in its entirety in the Company’s invested unrestricted equity fund.
The Company shall apply for the registration of the shares with the Trade Register after the subscription price has been paid, and the Company shall apply for the shares to be listed for public trading on the Helsinki Stock Exchange after the shares have been registered in the Trade Register and entered into the book-entry system.
Lahti 3 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