Results of the personnel share issue of Netum Group Plc

Netum Group Plc        Company release       23 September 2022 at 11:30 a.m. EEST

 

Results of the personnel share issue of Netum Group Plc

On 2 September 2022, the Board of Directors of Netum Group Plc decided on a directed share issue to the Group’s personnel. A maximum total of 300,000 new shares in the company were offered for subscription in the share issue. The subscription price was EUR 3.65 EUR per share, based on the trade volume weighted average price of the company’s share on Nasdaq Helsinki Ltd during the period from 1 August 2022 to 31 August 2022 and on a discount of 10 per cent calculated thereof. The share subscription period ended on 16 September 2022.

The Board of Directors approved a total of 185,500 subscriptions for new shares in the share issue. The total subscription price of the new shares is EUR 677,075. The shares subscribed for in the personnel share issue together represent approximately 1.6 per cent of shares and votes in the company. Subscriptions were made by a total of 145 members of the Group’s personnel.

"We want to be the most trusted partner in the industry and the preferred work community in responsible and secure digital transformation, and it is very important that our personnel are committed to Netum's goals. The fact that so many participated in this share issue is a testament to the commitment of our personnel," says Matti Mujunen, CEO of Netum.

The new shares subscribed for in the personnel share issue will be entered in the Trade Register on or about 31 October 2022. The new shares will be applied to be admitted to trading on Nasdaq Helsinki Ltd. After the entry of the new shares in the Trade Register, the total number of shares in Netum Group Plc will be 11,720,500 shares. The total subscription price of the new shares will be credited in full to the reserve for the company’s invested unrestricted equity.

 

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 Oyj 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 over 260 employees in Finland.

www.netum.fi/