An Extraordinary General Meeting of Taaleri Plc decided on 12 February 2015 that the number of the company’s shares will be increased by issuing new shares to shareholders in proportion to their current holdings without consideration so that three (3) Series A shares are issued for each Series A share and three (3) Series B shares for each Series B share. Accordingly, 12,290,112 new Series A shares will be issued and 6,588,903 new Series B shares.
The share issue will be implemented in the book-entry system and no action on the part of shareholders is required. The new shares were entered in the Trade Register on 16 February 2015 and they will acquire shareholders’ rights as of the registration of the shares. The new shares were entered into the book-entry system after the market close on 16 February 2015 and the shares were admitted to public trading on Tuesday, 17 February 2015.
The Board of Directors of Taaleri Plc decided in its meeting on 19 February 2015 to invalidate 21,400 Series A shares. The invalidation was entered in the Trade Register on 20 February 2015.
The new numbers of shares after the share issue and invalidation are as follows:
Series A: 16,365,416
Series B: 8,785,204
Taaleri arranged a directed share issue to partially finance the acquisition of Garantia Insurance Company Ltd. The share issue’s subscription period was 2 March-13 March 2015 but, due to oversubscription, the share issue was halted on 9 March 2015. The share issue was oversubscribed 2.3 times and Taaleri raised EUR 23.2 million in new capital. A total of 3.2 million new Series B shares were issued. Taaleri gained 500 new shareholders and the number of shareholders now exceeds 1,500.
The numbers of shares after the share issue are as follows:
Series A: 16,365,416
Series B: 11,985,204
The new Series B shares (2,297,400), converted from Taaleri Plc’s unlisted Series A shares into listed Series B shares, were entered in the Trade Register on 23 April 2015. Trading in the new shares will begin on Friday, 24 April 2015.
After the conversion, the numbers of shares are:
Series A: 14,068,016
Series B: 14,282,604
Series A and Series B, total: 28,350,620
|Ticker, Series B share|| |
The first day of trading on First North Finland marketplace
Number of shares since 24 April 2015
14.068.016 A shares
14.282.604 B shares
Voting rights per share at General Meeting
A share: 20 votes
B share: 1 vote
Svenska Handelsbanken, Aleksanterinkatu 11, FI-00100 Helsinki
Taaleri Plc’s shares are included in the book-entry system maintained by Euroclear Finland Ltd. The company’s shareholder register is maintained, and a list of shareholders available, at Euroclear Finland Ltd’s office at the address Urho Kekkosen katu 5 C, 8th floor, Helsinki, Finland.