The general meeting of Green Fuel Nordic Oy made a resolution 1st of June 2016, to authorize board to decide on the issuance of new shares. With this authorization, Green Fuel Nordic Oy board has decided 16th of April 2021 to provide shareholders total of 205.440 new shares for subscription. Price per share is 10,00 euros. Total value of issuance is 2.054.400 euros.
Issue of shares is needed to improve the liquidity of the company. According to current understanding of the board, price per share equals current fair value of the company. However, board believes that profitability will improve in the future. Outside party has expressed interest to acquire shares and board recommends to take part in the issue of shares.
Shares will be provided primarily for current shareholders’ subscription based on their pre-emptive rights. Current shareholder may subscribe 15 new shares per 100 existing shares. Under 100 existing shares does not entitle primary subscription.
Current shareholders have secondary right to subscribe shares that have not been subscribed based on primary subscription. In the situation of oversubscription, shares will be divided based on secondary right to subscribe in relation to the secondary subscription.
Based on Green Fuel Nordic Oy articles of association redemption clause and consent clause, subscription right can not be transferred.
If all provided shares have not been subscribed based on secondary subscription, all unsubscribed shares can be divided as decided by the board.
Board decides on the acceptance of subscriptions 7th of May 2021.
Subscription begins 20th of April 2021 and ends 6th of May 2021 at 16:00 Finnish Time (EET)
Subscription right user must return attached subscription document filled and signed before the end of subscription time via Email to: Olli.Honkanen@greenfuelnordic.fi. Shareholder can, using the same document, report the amount that shareholder wants to subscribe with secondary subscription right if all the amount of shares is not subscribed based on shareholders’ pre-emptive right.
Shares need to be paid at time of subscription to Green Fuel Nordic Oy bank account: FI64 5770 0520 4745 00
If subscriber does not obtain all subscribed shares based on secondary subscription right, subscription price will be refunded to subscriber latest 10th of May 2021. Refund does not include interest. Shareholder must report, in the attached subscription document, bank account number for refund.
Official documents, required by company law, are available in the head office of Green Fuel Nordic Oy, address Pieksänkoskentie 550, 73350 Haluna, Kuopio.
With additional information, please contact chairman of the board Matti Virtaala +358 50 550 7313.
Kuopio, 16th of April 2021
GREEN FUEL NORDIC OY BOARD
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