Lassila & Tikanoja Moves Toward Listing New Shares
Lassila & Tikanoja plc has announced that it has applied for the listing of its newly created shares on Nasdaq Helsinki, following a significant strategic development. The company has embarked on a demerger process aimed at providing a clearer focus on its operations related to the circular economy.
The Demerger Explained
The demerger plan, which received approval earlier this month, involves the division of Lassila & Tikanoja into two distinct entities. A substantial portion of the company's assets, debts, and liabilities associated with its circular economy business will be transferred to a newly established company, known as New Lassila & Tikanoja. This move aims to strengthen the business's core operations and enhance shareholder value.
Details of the Demerger
The extraordinary general meeting conducted on December 4, 2025, concluded that the demerger will proceed as planned. Shareholders of Lassila & Tikanoja will be rewarded with one new share in New Lassila & Tikanoja for every existing share they own in the parent company. This distribution underscores the company's commitment to providing value to its investors.
Application to Nasdaq Helsinki
Today, Lassila & Tikanoja has formally filed an application with Nasdaq Helsinki for the inclusion of New Lassila & Tikanoja's shares on the official trading list. These shares are anticipated to begin trading shortly after the demerger is finalized, likely by early January 2026, under the trading code “LASTIK”. With a new International Securities Identification Number (ISIN) established, investors will have clear visibility of their investments in this innovative company.
Implications for Shareholders
Upon completion of the demerger, the parent company will undergo a name change to Luotea Plc, with a new trading code “LUOTEA” and ISIN code FI4000592464. This rebranding signifies a fresh chapter for the organization, dedicated to advancing its strategic goals within the circular economy sector.
The Vision for the Future
Lassila & Tikanoja operates with a mission to incorporate the principles of the circular economy into everyday practices. By partnering effectively with clients, the company emphasizes sustainability, resource efficiency, and social responsibility. These initiatives are designed not only to benefit the company and its shareholders but also to foster environmental stewardship and support community welfare.
Currently, Lassila & Tikanoja employs around 7,400 individuals across Finland and Sweden, contributing to local economies and sustainable development. For the latest fiscal year, the company reported impressive net sales totaling EUR 770.7 million, showcasing its strength in the market. This robust financial performance lays a solid foundation for the upcoming changes as the company transitions to new operations.
Contact Information
For those seeking more detailed information about the demerger and the company's future direction, Eero Hautaniemi, the Chief Executive Officer, is available for inquiries at +358 10 636 2810. Additionally, Joni Sorsanen, the Chief Financial Officer, can provide financial insights at +358 50 443 3045.
Frequently Asked Questions
What is the purpose of the demerger for Lassila & Tikanoja?
The demerger is aimed at enhancing focus on the circular economy business, allowing both entities to operate independently and strategically.
When will the new shares of Lassila & Tikanoja begin trading?
The trading of the new shares is expected to commence on or about January 2, 2026.
How will shareholders be affected by the demerger?
Shareholders will receive one new share in New Lassila & Tikanoja for each share they own in the original company.
What are the new trading codes for the companies post-demerger?
The trading code for New Lassila & Tikanoja will be “LASTIK”, while the renamed parent entity will trade under “LUOTEA”.
What impact does Lassila & Tikanoja aim to have with its circular economy initiatives?
The company is focused on sustainability, enhancing resource efficiency and creating value through responsible management of materials and energy.
