EFECTE PLC -- COMPANY ANNOUNCEMENT -- 21 March 2019 at 11:45
Efecte Plc: Issue of new shares without consideration to the company itself
The board of directors of Efecte Plc has, based on the authorization granted by the Annual General Meeting of Shareholders on 5 April 2018, resolved to issue 40 000 new shares to the company itself without consideration in accordance with chapter 9 section 20 of the Companies Act. The shares are of the same class as the company’s other shares and entitle to the same shareholder rights as the company’s old shares after their registration.
The purpose of the issue of shares to the company itself is to have own shares held by the company available for the payment of the share portion of the annual remuneration of the board members.
The shares are expected to be entered into the trade register on 28 March 2019, as of which date the new shares will carry equal shareholder rights with the company’s existing shares. Public trading is expected to begin on Nasdaq First North marketplace operated by Nasdaq Helsinki Ltd as of 29 March 2019 together with the existing shares.
After the share issue, the number of Efecte’s shares will rise to 5 859 988 shares, of which the company holds 44 753 shares as treasury shares.
Further enquiries:
Hannu Nyman
CFO
Efecte Plc
hannu.nyman@efecte.com
+358 50 306 9913
Certified Adviser:
Evli Bank Plc, tel +358 40 579 6210
Efecte Plc
Efecte is a Finnish software company offering cloud-based Service Management solutions and related supportive professional services. With Efecte’s software, organizations can flexibly manage all internal and external services, for example, an IT, HR or finance department’s services, customer service and access rights. Efecte is one of the leading software vendors in its field for medium-sized and public organizations in Finland and the Nordic countries. The company was established in 1998 and is listed on the Nasdaq First North Helsinki marketplace. Efecte operates in Finland, Sweden, Germany, and Denmark.
www.efecte.com