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Boreo has completed the acquisition of Filterit Oy and executes a directed share issue to the sellers Olli Säynevirta and Jouni Maavuori

Written by Customer Service on . Posted in Public Companies.

BOREO PLC                        Stock exchange release                              2 January 2023 at 10:00 EET

Boreo has completed the acquisition of Filterit Oy and executes a directed share issue to the sellers Olli Säynevirta and Jouni Maavuori

Boreo Plc has today completed its acquisition of Filterit Oy (“Filterit” or “the Company”), initially communicated in an Investor news on 20.12.2022. Boreo will consolidate the Company in its accounts from 1.1.2023 onwards.

Boreo communicated 20.12.2022 that it will finance part of the fixed payment through c. EUR 0,4 million directed share issuance to the sellers of the Company, Olli Säynevirta through his company and Jouni Maavuori. The number of new shares issued is 9 645 at a price of 41.48 euros per share, representing c. 0,36 percent of Boreo’s total outstanding shares and votes after the issuance. After the registration of the issued shares, the total number of shares outstanding for Boreo is 2 701 353.  

The new shares are expected to be registered in the week beginning on 2.1.2023, based on average registration times. The shares will start trading on the Nasdaq Helsinki Oy main list within one banking day of registration of the shares on The Finnish Trade Register.

Vantaa, 2 January 2023

Boreo Plc
Kari Nerg
CEO

Distribution:
NASDAQ Helsinki Ltd
Principal media
www.boreo.com

Further information:

Kari Nerg
CEO
tel +358 44 341 8514

Aku Rumpunen
CFO
tel +358 40 556 3546

Boreo in brief:

Boreo is a company listed on Nasdaq Helsinki that creates value by owning, acquiring and developing small and medium sized companies in Northern Europe. Boreo’s business operations are organized into three business areas: Electronics, Technical Trade and Heavy Machines.

Boreo’s main objective is to create shareholder value in the long-term. It aims to achieve this with an acquisition-driven strategy, creating optimal conditions for its businesses to increase sales and improve profitability, and by being a best-in-class home for its companies and personnel. ​

The Group’s net sales in 2021 were EUR 122 million and it employs some 300 people in seven countries. The company’s headquarter is in Vantaa.

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