VAAHTO GROUP ISSUES 2,000,000 NEW SHARES IN A DIRECTED

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
VAAHTO GROUP ISSUES 2,000,000 NEW SHARES IN A DIRECTED SHARE ISSUE

Helsinki, Finland, 2014-03-19 08:00 CET (GLOBE NEWSWIRE) -- VAAHTO GROUP PLC OYJ STOCK EXCHANGE RELEASE 19 March 2014 at 9:00 am

VAAHTO GROUP ISSUES 2,000,000 NEW SHARES IN A DIRECTED SHARE ISSUE

The board of directors of Vaahto Group Plc has in its meeting of 10 March 2014 decided to issue up to 2,000,000 new shares in a directed share issue based on an authorisation by the general meeting of shareholders on 10 April 2013. The new shares correspond to approximately 50 % of all the shares in the company prior to the share issue.

In the share issue the 10 largest shareholders had a subscription right. The basis for the deviation from the pre-emptive subscription right was, according to the decision to issues shares, the strengthening of the company's financial standing and the securing of the continuance of the company's operations.

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 subscription price was determined on the basis of bids received by the company.

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 are registered with the trade register. The shares have to be paid to the company in cash at the latest on 25 March 2014. Having received the subscription payment, the company will file for the registration of the new shares with the trade register as soon as possible.

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 19 March 2014

VAAHTO GROUP PLC OYJ

Board of Directors

              

         Additional information:          Reijo Järvinen, Chairman of the Board of Directors Vaahto Group Plc Oyj +358 400 715968

Scroll down for more posts ▼

Top 10 Most Recent News Articles

TagniFi Spread: AI Transforming Financial Analysis

Updated Category News Views 40

Ah, finance folks, we've all been there—lost in the trenches, teeth gritted as we manually grind through private company financials. It's like trying to piece together a 1,000-piece jigsaw puzzle without a picture of the final scene. But now, someone's come along and flipped on the light switch. Enter TagniFi Spread, the new AI-powered tool that's snapped a whole lot of...

Continue Reading
Atomic Mobile's Global IoT Game Changer in Connectivity

Updated Category News Views 83

Atomic Orbit Unlocks Global Connectivity Think about the hassle businesses face globally when devices drop off the grid. It's like losing a lifeline. Atomic Mobile, outta Spring Lake, decided enough's enough and dropped their latest brainchild on the world — Atomic Orbit. This bad boy is turning heads because it's not clinging to a single carrier. Instead, it's dancing...

Continue Reading
Fractal Sees Explosive Q2 Gain: Revenue Hits $100M

Updated Category News Views 93

Fractal’s Revenue Moment: Climbing New Peaks Fractal Analytics just knocked it out of the park, folks. Imagine this—an AI company pulling in $100 million for the first quarter, getting a 20% jump in revenue year on year. That's right, these numbers aren't just fancy figures; they're staggering proof that Fractal's hitting its AI stride. The healthcare and life...

Continue Reading
Hydden Welcomes Cybersecurity Veteran Charles Tango as CSO

Updated Category News Views 83

Unpacking Charles Tango's Move to Hydden Nobody expects cybersecurity to be a stroll in the park, and it looks like Hydden just upped its game by bringing in Charles Tango, a heavyweight turned strategy guru. You might not know him, but this guy's got a track record that shouldn’t be ignored—like a grizzled old prizefighter just itching for a new opponent. A Veteran...

Continue Reading
Emotional Products Steal the Show at Canton Fair

Updated Category News Views 91

Canton Fair's Emotional Revolution Amidst the bustling aisles of the 140th Canton Fair in Guangzhou, something interesting has gotten folks buzzing. The market's tilting its head towards products that spark joy and dance with emotion, rather than just bland utility. That's right, the time-honored relationship between value and function is giving way to a softer kind of...

Continue Reading
Jennifer Wills Takes Helm as Sole CEO of Kelleher

Updated Category News Views 175

Jennifer Wills Leads Kelleher International Forward There's a fresh breeze blowing through the halls of Kelleher International, the luxury matchmaking firm. Jennifer Wills, a savvy player with her roots in law and finance, has stepped up as the sole CEO. After a decade of busting her chops at the firm, it's high time she's taken the helm. This ain't just a job transition;...

Continue Reading
Pavlus Travel's Bucket-List Trips in High Demand for 2027

Updated Category News Views 16

Luxury Travel is Having a Moment A fancy vacation isn't just a postcard on the wall anymore—it's now, more than ever, a box folks are itching to check off their lists. Call it a midlife shift or just the world shrugging off its pandemic blues, but high-end travelers are saying, "The time is now," and they're serious. Pavlus Travel, a top name in the lux travel space,...

Continue Reading
Stellus Capital Set to Unveil Q3 Results: Key Details

Updated Category News Views 138

Stellus Capital's Upcoming Financial Reveal: Stakes and Details November's not just bringing the cold breezes, folks; it's also ushering in the much-anticipated financial digits of Stellus Capital Investment Corporation's third quarter of 2026. Mark your calendars for November 9, after the stock market wraps up, when Stellus will drop its operational performance stats for...

Continue Reading
Starting Pet End-of-Life Talks: Why Timing Matters

Updated Category News Views 58

Early Conversations Can Change Everything The minute you bring it up, let's be honest, nobody likes to talk about end-of-life decisions, not even for their pets. Yet, when you think about it, biding your time until things get critical isn't doing anyone any favors, especially not the furry ones. Drs. Brandon and Paola Beebout, two piercing minds from Kearney, Nebraska,...

Continue Reading
Webull Corp Caught in Legal Storm; Investors Take Note

Updated Category News Views 87

A Legal Storm Brewing It's like walking into a saloon, expecting a smooth drink, only to find a bar fight breaking out in front of you. That's the scene with Webull Corporation (NASDAQ: BULL) right now. This time, they ain't just shooting the breeze; they're in the line of legal fire. SBS Law, a heavyweight in shareholder rights, is rallying the troops for a class action...

Continue Reading

Top 5 Most Recently Viewed Articles

Astounding Returns: Gilead Sciences Investment Over Two Decades

Updated Category News Views 209

Gilead Sciences: A Long-Term Investment Perspective Gilead Sciences Inc. (NASDAQ: GILD) has demonstrated impressive performance in the stock market, significantly outperforming general market indices over the past two decades. The company has achieved an average annual return of 12.17%, surpassing the broader market by 3.67% annually, indicating a strong investment...

Continue Reading
ValueMomentum Shines as Rising Star in Global Insurance Services

Updated Category News Views 127

ValueMomentum Honored as a Rising Star in Insurance Services ValueMomentum is making headlines as a leading provider of solutions and services, especially for property and casualty (P&C) insurers. Recently, the company was recognized as a Rising Star in the 2025 ISG Provider Lens report focused on Global Insurance Services. This acknowledgment highlights the company's...

Continue Reading
Urgent Call for Safer Baby Sleep Standards Promoted by Experts

Updated Category News Views 89

Reassessing Infant Sleep Safety: A Call for Change Breathe Easy Baby™, a leader in breathable crib mattress technology, urges updates to infant sleep-safety standards as sleep-related deaths remain a national concern. In recent years, sleep-related deaths in infants have persisted as a tragic reality. The CDC reported that approximately 3,700 Sudden Unexpected Infant...

Continue Reading
Agree Realty Corporation Announces Dividend for Shareholders

Updated Category News Views 179

Agree Realty Corporation's Monthly Dividend Declaration Today, Agree Realty Corporation (NYSE: ADC) has made an important announcement regarding its financial commitments to shareholders. The Board of Directors has approved a monthly cash dividend of $0.256 per common share. This new dividend signals a robust annualized dividend amount of $3.072 per common share, marking...

Continue Reading
Resilient Stocks to Watch Amid Market Volatility and Buybacks

Updated Category News Views 135

Technology Stock Turbulence and Emerging Leaders Recently, the technology sector has experienced notable fluctuations, with market dynamics showcasing volatility. The tech-heavy index reached impressive highs before witnessing a significant drop. This fluctuation has created both challenges and opportunities within different sectors. While some stocks are on a...

Continue Reading