2022-06-30 13:05:00 CEST

2022-06-30 13:05:09 CEST


REGULATED INFORMATION

English
SRV Yhtiöt Oyj - Other information disclosed according to the rules of the Exchange

SRV Group Plc's reverse share split and there to related redemption of shares to be executed on 4 July 2022 and the company will execute a directed share issue without consideration


SRV GROUP PLC     STOCK EXCHANGE RELEASE    30 JUNE 2022      AT 14:05 EEST
SRV Group Plc's reverse share split and there to related redemption of shares to
be executed on 4 July 2022 and the company will execute a directed share issue
without consideration
SRV Group Plc's (“SRV” or “Company”) Extraordinary General Meeting held on 30
May 2022 resolved on reverse share split and thereto related redemption of
shares to the effect that each forty (40) shares of the Company are merged into
one (1) share. SRV's Board of Directors has today, 30 June 2022, resolved that
the reverse share split and thereto related redemption of shares will be
executed on Monday 4 July 2022 (“Reverse Split Date”). The reverse share split
will be executed in the book-entry system maintained by Euroclear Finland Oy
after the close of trading on the Reverse Split Date.
Based on the authorization granted by the Extraordinary General Meeting of SRV
held on 30 May 2022, concurrently with the reverse share split and thereto
related redemption of shares, a directed share issue will be executed in which
the Company's treasury shares are conveyed without consideration to the effect
that the number of shares in each shareholders' book-entry account is made
divisible by 40. The share issue is directed to shareholders, whose ownership of
shares according to the book-entry accounts is not divisible by 40 on the
Reverse Split Date. The Board of Directors of the Company will resolve on the
directed share issue without consideration separately on the Reverse Split Date.
Concurrently with the aforementioned conveyance of shares, the Company will on
the Reverse Split Date redeem without compensation 39 shares for each 40
existing shares. The shares redeemed without compensation in connection with the
reduction of number of shares will be cancelled immediately after the
redemption. The reverse share split does not affect the Company's equity.
The last day of trading on the official list of the Nasdaq Helsinki Ltd in
Company's shares (ISIN-code FI0009015309) before the reverse share split is 4
July 2022. The cancellation of shares related to the reverse share split and the
Company's new total number of shares issued will be registered in the Trade
Register maintained by the Finnish Patent and Registration Office on or about 4
July 2022. Trading with the Company's new total number of shares is expected to
commence on the official list of Nasdaq Helsinki Ltd with a new ISIN-code
(FI4000523675) on 5 July 2022. SRV's trading code SRV1V will remain the same
after the reverse share split.
The reverse share split and thereto related directed share issue and redemption
of shares will not require any measures from shareholders.
For further information, please contact:
Anu Tuomola, General Counsel, tel. +358 (0)50 4143 280, anu.tuomola@srv.fi
Distribution:
Nasdaq Helsinki
Media
www.srv.fi
SRV in brief
SRV is a Finnish developer and innovator in the construction industry. We are
building a more sustainable and responsible urban environment that fosters
economic value and takes into consideration the wellbeing of both the
environment and people. We call this approach lifecycle wisdom. Our genuine
engagement and enthusiasm for our work comes across in every encounter - and
listening is one of our most important ways of working. We believe that the only
way to change the world is through discussion.
Our company, established in 1987, is listed on the Helsinki Stock Exchange. We
operate in growth centres in Finland. In 2021, our revenue totalled EUR 932.6
million. In addition to about 1,000 SRV employees, we have a network of around
3,600 partners.
SRV - Building for life