20.1.2023 16:45:00 EET | Netum Group Oyj | Company Announcement

Netum Group Plc Company announcement 20 January 2023 at 4.45 p.m. EET

Netum Group Plc: Change in the number of Netum Group Plc's own shares

The Board of Directors of Netum Group Plc has decided on a directed share issue in which shares held by the company will be transferred to the key employees of Studyo Oy as part of the basic purchase price of the acquisition of Studyo Oy.

Based on the share issue, a total of 74,784 Netum Group Plc shares were transferred to Studyo Oy's key employees on 20 January 2023. The total transfer price of the shares is EUR 282,683.52 and the transfer price per share is EUR 3.78. The transfer price corresponds to the average trading price of Netum Group Plc's shares during the period 29 November–28 December 2022. The transferred shares are subject to a transfer restriction that ends on 31 March 2025. 

The transfer of shares through a directed share issue is based on the authorisation given to the Board of Directors by Netum Group Plc's Annual General Meeting on 29 March 2022. The reason for deviating from the shareholders' pre-emptive right is a weighty financial reason for the company. The subscribers are the key employees of the acquired Studyo Oy, who will be committed to the company through their shareholding. The subscribers have signed an undertaking not to sell their subscribed shares in the company before 31 March 2025.

The transferred shares confer the right to dividends and other shareholder rights when the shares have been transferred to the book-entry accounts of the transferees.

After the transfer of the shares, Netum Group Plc holds 156,216 of its own shares. The number of shares in Netum Group Plc remains unchanged at 11,920,500 shares.

Netum Group Plc has announced the acquisition by means of a press release issued on 29 December 2022.

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

Certified advisor: 
Evli Pankki Oyj 
+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/  

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