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Etteplanin Oyj’s Board of Directors resolved on the terms of the Directed Share Issue related to the acquisition

Stock exchange release – Published: 17.06.2021 14:00:00

Etteplan Oyj, Stock Exchange Release June 17, 2021 at 2.00 pm EEST

Etteplanin Oyj’s Board of Directors resolved on the terms of the Directed Share Issue related to the acquisition

Etteplan announced on June 14, 2021 the acquisition of, a Polish software development company, and a directed share issue targeted to the owners of the acquired company. Etteplan’s Board of Directors has in its meeting today resolved on the final terms of the Directed Share Issue pursuant to the share issue authorization granted to it by the Annual General Meeting of Shareholders' held on April 8, 2021.

According to the terms, a total of 120, 000 new Etteplan shares shall be offered for subscription to the owners of

The subscription price for the shares shall be EUR 16.13 per share. The subscription price is based on the average price weighted by the trading volumes of the company's share on Nasdaq OMX Helsinki Ltd stock exchange during 90 days preceding June 4, 2021. The share subscriptions shall be entered by June 18, 2021 and paid by June 24, 2021.

The shares shall be assigned and generate all shareholders’ rights from the entry to the Trade Register. The new shares will be issued in the form of a book-entry security operated by Euroclear Finland Ltd. The trading with the new shares is possible only after three years when the lock-up period is no longer valid.

Espoo, Finland , June 17, 2021

Etteplan Oyj

Board of Directors

Additional information:
Juha Näkki, President and CEO, tel. +358 10 307 2077
Outi Torniainen, SVP, Marketing and Communications, tel. +358 10 307 3302

Nasdaq Helsinki
Major media

Etteplan in brief

Etteplan provides solutions for software and embedded solutions, solutions for industrial equipment and plant engineering and technical documentation solutions to the world’s leading companies in the manufacturing industry. Our services are geared to improve the competitiveness of our customers’ products, services and engineering processes throughout the product life cycle. The results of Etteplan’s innovative engineering can be seen in numerous industrial solutions and everyday products. In 2020, Etteplan had a turnover of approximately EUR 260 million. The company currently has over 3,400 professionals in Finland, Sweden, the Netherlands, Germany, Poland, Denmark and China. Etteplan's shares are listed on Nasdaq Helsinki Ltd under the ETTE ticker.