ISIN.net blog update profiles the board of directors for the Vaahto Group announcing 12,000,000 issues of new shares. ISIN update is courtesy of Nasdaq.
LISTING APPLICATION OF NEW SHARES IN VAAHTO GROUP SUBMITTED TO NASDAQ OMX HELSINKI LTD
The Board of Directors of Vaahto Group Plc Oyj (“Vaahto Group“) has on 10 March 2014 and 15 February 2015 resolved on targeted share issues, in which a total number of 12,000,000 new shares (the “New Shares“) have been issued.
The Board of Directors of Vaahto Group resolved on the issuing of 10 March 2014 by virtue of authorisation of the General Meeting of Shareholders held on 10 April 2013 and the New Shares were registered with the Trade Register on 31 March 2014. The ISIN code of such New Shares is FI4000090295. Respectively, the Board of Directors of Vaahto Group resolved on the issuing of 15 February 2015 by virtue of authorisation of the General Meeting of Shareholders held on 15 April 2014 and the New Shares will be registered with the Trade Register on or about tomorrow 31 March 2015. The ISIN code of such New Shares is FI4000148341. All the New Shares carry equal rights as previously issued shares (the “Old Shares“) from as of being registered the Trade Register.
The Old Shares of Vaahto Group have been admitted to trading on NASDAQ OMX Helsinki Oy (“Nasdaq Helsinki“) stock exchange with the trading code WAT1V. The ISIN code of the Old Shares is FI0009900708.
Vaahto Group has today 30 March 2015 submitted a listing application to Nasdaq Helsinki to seek admission of the New Shares to trading on the main list of Nasdaq Helsinki with the trading code WAT1V. Admitting the New Shares to trading on the main list of Nasdaq Helsinki is subject to a prospectus prepared in accordance with Chapter 4 of the Securities Markets Act and approved by the Finnish Financial Supervisory Authority. Vaahto Group aims to publish such a prospectus in respect of the New Shares as soon as possible. Vaahto Group will disclose separately the exact commencement date of trading after the Financial Supervisory Authority has approved the prospectus and Nasdaq Helsinki has approved the listing application.
Vaahto Group’s intention is that the New Shares will be consolidated to the share class of the Old Shares in the book-entry system on the same day the New Shares are admitted to trading on Nasdaq Helsinki stock exchange.