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On 6 May 2022, Lemonsoft Oyj announced that it had signed a share purchase agreement, according to which it will purchase the entire share capital of the software company Logentia Oy. Lemonsoft Oyj’s Board of Directors has today confirmed that all the conditions have been met and decided to complete the acquisition.

As part of the completion, Lemonsoft Oyj’s Board of Directors has decided on a directed share issue, in which a total of 119,714 new Lemonsoft Oyj shares will be offered for subscription to Logentia Oy's shareholders transferring to Lemonsoft Oyj. There is a weighty financial reason for the company to derogate from the shareholder's pre-emptive subscription right, as the purpose of the directed issue is to complete the acquisition and to incentivize and commit the key personnel to the company.

Lemonsoft Oyj’s Board of Directors has approved the subscriptions. The subscription price is EUR 12.53 per share, which corresponds to the volume-weighted average price of Lemonsoft Oyj’s share for the 30 days prior to the signing of the share purchase agreement. As a result of the share issue, the total number of Lemonsoft Oyj’s outstanding shares will increase to 18,393,440 shares. The shares to be subscribed for in the directed share issue are subject to a transfer restriction according to the share purchase agreement.

The new shares have been notified for registration in the trade register, and the shares will be admitted to trading, together with the existing shares, on Nasdaq First North Growth Market Finland marketplace approximately on week 24.

The decision on the directed issue is based on the authorization given by the Annual General Meeting on 5 April 2022.

Lemonsoft Oyj

Board of Directors

Further information

Kari Joki-Hollanti
CEO
kari.joki-hollanti@lemonsoft.fi
+358 44 730 9271

Alpo Luostarinen
Director, M&A and IR
alpo.luostarinen@lemonsoft.fi
+358 50 911 3507

Certified advisor
Danske Bank A/S, Finland Branch, +358 40 841 3052

About Lemonsoft Oyj

Lemonsoft is a Finnish software company that designs, develops and sells ERP software solutions to streamline its customers’ processes across different business lines and administration. The extensive offering of software solutions and related services enables the company to provide its customers with holistic service. The company’s standardized and scalable software solutions are delivered mainly from the cloud and are based on the SaaS model in which customers pay a monthly service fee for the use of the software. The company operates in the ERP software market in Finland primarily as a service provider for SMEs. The Company’s customer base consists of customers from especially industrial manufacturing, wholesale and retail, professional services automation, construction and accounting.