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Lemonsoft Oyj’s Board of Directors has decided on a directed share issue
LEMONSOFT OYJ – COMPANY ANNOUNCEMENT – 17.2.2023 AT 16.00 EET
Lemonsoft Oyj's Board of Directors has decided on a directed share issue and deviation from the shareholders' preemptive right based on the authorization given by the Annual General Meeting on 5 April 2022. The share issue is related to the acquisition of Logentia Oy announced on 6 May 2022 and the acquisition of Finazilla Oy announced on 8 July 2022.
The additional purchase prices to be paid to the sellers of Logentia Oy and Finazilla Oy ("Sellers") based on the financial results of 2022 will be paid partly by directing a total of 144,579 Lemonsoft’s new shares to the Sellers, and partly by cash consideration. The subscription price of the shares is EUR 7.55 per share, based on the volume-weighted average price of Lemonsoft Oyj’s share from 1 January to 31 January 2023.
As a result of the share issue, the total number of outstanding shares in Lemonsoft Oyj will increase to 18,538,019 shares. The new shares represent approximately 0.8 percent of all Lemonsoft's shares prior to the share issue.
The new shares will carry shareholder rights as of their registration day. The new shares are to be registered in the trade register and in the book value system maintained by Euroclear Finland Oy in the week beginning 20.2.2023. The new shares are estimated to be admitted to public trading together with Lemonsoft's old shares on 24.2.2023.