Global

    05.12.2016

    Solteq Plc share issue directed to personnel

    Solteq Plc Stock Exchange Bulletin 5 .12.2016 at 10.30 am

    The Board of Directors of Solteq Plc decided on 21 November 2016 to arrange a share issue directed to the Group’s personnel and to persons who have temporary agency employment with a company belonging to the Group.

    “Solteqians will grow Solteq to become the smallest global digital commerce service provider. We want to encourage solteqians to subscribe shares, as it’s only fair that as solteqians work to reach our goal, they will also gain on company’s financial success”, says CEO Repe Harmanen.

    The Board of Directors approved the terms and conditions for the share issue. A maximum total of 500,000 new shares in the company will, in deviation from the shareholders’ pre-emptive subscription right, be offered for subscription to the Group’s personnel and to persons who have temporary agency employment with a company belonging to the Group.

    The share subscription prices are based onthe trade volume weighted average quotation of the company’s share on Nasdaq Helsinki Ltd during 1—30 November 2016 and on two discounts of different size calculated from such quotation. The average share price during the above-mentioned period was EUR 1.64 per share. The subscription price is thus EUR 0.82 per share for the first 600 shares and for shares subscribed after the first 600 shares, EUR 1.48 per share. The share subscription period will be 7—22 December 2016. The subscriptions must be paid upon subscription.

    The terms and conditions for the share issue are attached to this stock exchange bulleting. The final result of the share issue is expected to be announced in January 2017.

    The decision on the share issue is based on the authorization given by the Annual General Meeting of Shareholders held on 16 March 2016.

    Solteq Plc      
    Repe Harmanen, CEO

    Additional Information

    Repe Harmanen, CEO         
    Tel. +358 400 467 717
    e-mail repe.harmanen@solteq.com                                    

    DISTRIBUTION

    Nasdaq Helsinki Ltd            
    Key Media     
    www.solteq.com

    ENCL             Terms and Conditions for Share Issue Directed to Personnel

    2016