25.06.2019 09:00 EEST (UTC +3)
Innofactor Plc, other information disclosed according to the rules of the Exchange, released on June 25, 2019, at 9:00 Finnish time
The Board of Directors of Innofactor Plc decided on May 13, 2019, based on the authorization granted to it by the Annual General Meeting on April 2, 2019, on a share-based incentive plan for the Group's personnel in order to commit personnel to the company. The main terms of the Personnel Issue were published in a Stock Exchange Release on May 14, 2019.
Innofactor Plc's Personnel Issue was fully subscribed. The Board of Directors of Innofactor Plc has approved a total of 1,200,000 new shares that were offered to the Group's personnel in the Personnel Issue. A total of 116 people gave an underwriting commitment and subscriptions were made in all countries where Innofactor operates: Finland, Sweden, Denmark and Norway.
As a result of the Personnel Issue, the number of Innofactor's shares outstanding increases by 1,200,000 shares to a total of 37,388,225 shares. The new shares account for 3.21 percent of Innofactor Plc's post-issue number of shares and votes. The subscription price for the Personnel Shares was EUR 0.50 per share.
The subscription price for the Personnel Shares in total will be recognized in the company's fund for invested unrestricted equity.
The new shares will be registered in the Trade Register without delay. Trading in the issued Personnel Shares on the Helsinki Stock Exchange (Nasdaq Helsinki Oy) is estimated to start on June 28, 2019. The Personnel Shares are subject to a sale and transfer restriction of 12 months starting from the date of registration.
Espoo, June 25, 2019
INNOFACTOR PLC
Board of Directors
Additional information:
Sami Ensio, CEO
Innofactor Plc
Tel. +358 50 584 2029
sami.ensio@innofactor.com
Distribution:
NASDAQ Helsinki
Main media
www.innofactor.com
Innofactor
Innofactor is the leading driver of the modern digital organization in the Nordic Countries for its over 1,500 customers in commercial, public and third sector. Innofactor has the widest solution offering and leading know-how in the Microsoft ecosystem in the Nordics. Innofactor has approximately 600 enthusiastic and motivated top specialists in Finland, Sweden, Denmark and Norway. In 2014–2018, the annual growth of Innofactor's net sales has been approximately over 14%. The Innofactor Plc share is listed in the technology section of the main list of NASDAQ Helsinki Oy. www.innofactor.com #ModernDigitalOrganization