VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 31 March 2014 at 5:30 pm
VAAHTO GROUP’S NEW SHARES REGISTERED WITH THE TRADE REGISTER
Vaahto Group Plc Oyj disclosed on 19 March 2014 a share issue in which 2,000,000 new shares were issued. In the share issue Hannu Laakkonen subscribed for 1,000,000 shares and Mikko Laakkonen subscribed for 1,000,000 shares. The subscription price per share for all the shares was 0.52 euro.
The issued new shares have been registered with the Trade Register on 31 March 2014. Subsequent to the share issue, the total number of shares in the company and the number of votes carried by the shares is 5,977,360. The issued new shares carry shareholder rights in the company from the date of registration with the Trade Register.
The company’s financiers have in a financing agreement dated 16 December 2013 undertaken to relieve the company of debts in the amount of one million euro in aggregate when the shares issued in the share issue have been registered with the trade register. The company has received from such financiers a confirmation on the debt relief. Accordingly, the debt relief will have a positive effect on first quarter earnings.
The subscribers have given the company an undertaking not to sell, transfer, donate, or otherwise dispose of the shares issued in the share issue within 180 calendar days from the registering of the shares with the trade register.
The company will apply for the listing of the shares at the latest within one year from the issuance of the shares. In connection with the application, the company will publish a listing prospectus in accordance with the Finnish Securities Market Act and the EU Prospectus Regulation.
In Lahti on 31 March 2014
VAAHTO GROUP PLC OYJ
Board of Directors
Reijo Järvinen, Chairman of the Board of Directors Vaahto Group Plc Oyj +358 400 715968