Netum Group Plc: Netum Group Plc’s directed share issue without payment to the company itself

Netum Group Plc     Company announcement   14 December 2022 at 4:15 p.m. EET

Netum Group Plc: Netum Group Plc’s directed share issue without payment to the company itself

Based on the authorisation given by the Annual General Meeting held on 29 March 2022, the Board of Directors of Netum Group Plc has decided on the share issue of a total of 200,000 new shares without payment to the company itself. The new shares are of the same class as the company's other shares and, starting from their registration, will carry the same share rights as the company's old shares.

The share issue will prepare for the needs of Netum Group Plc's share-based incentive plan for the management and the matching share plan for personnel issue, as well as for the use of the shares in possible acquisitions.

The new shares will be entered in the Trade Register approximately by 30 December 2022, after which the company will immediately apply for the shares to be admitted to public trading on Nasdaq First North Growth Market Finland marketplace.

After the registration of the new shares, the total number of shares in the company is 11,920,500, of which 231,000 shares are held by the company as treasury shares.

For additional information, please contact: 
Netum Group Plc 
Matti Mujunen, CEO 
+358 40 047 6401 
matti.mujunen@netum.fi 

Certified advisor: 
Evli Bank Plc 
+358 40 579 6210 

Netum Group in brief 

Netum Group Plc is a profitably growing IT services company with over 20 years of experience of demanding IT projects. The company offers its public administration and corporate customers its “Legacy to Digi®” concept. This concept enables combining traditional IT solutions with the latest digital applications safely and in a responsible way. Netum's goal is to be the most trusted partner and the preferred employer in the industry. Netum's services include digital service development, system continuity services, integration services, cyber security services as well as management consulting services. Additionally, the company offers applications as SaaS: the electronic message validator “Truugo and the IT asset management system “Netum DUX”. In 2021, Netum Group's revenue was EUR 22.4 million, and the company currently has 270 employees in Finland. 

www.netum.fi/