Share issue in accordance with the terms of the share-based incentive system 2023
Toivo Group Plc, company release, 14 April 2025 at 4:00 p.m.
The Board of Directors of Toivo Group Oyj has decided, based on the authorization given by the Annual General Meeting, to carry out a directed share issue with the following terms:
- In the share issue, a maximum of 70,000 of the company's own shares held by the company will be transferred on the public marketplace of Nasdaq Helsinki Oy's First North Finland.
- There is a significant financial reason for deviating from the shareholders' pre-emptive subscription rights as referred to in Chapter 9, Section 4 of the Finnish Companies Act, as the transfer of the company's own shares is intended for the remuneration and commitment of key personnel in such a way that the company transfers its own shares in an amount sufficient to cover the withholding taxes of the recipients of the share-based remuneration.
- The shares will be transferred at the price formed in public trading to anonymous buyers selected by the trading system.
- The shares are estimated to be sold during the period from April 15 to May 15, 2025.
- After the sale, the number of the company's own shares held by the company is estimated to be 146,088.
- The shares will be paid to the company in accordance with the trading rules and settlement schedule applicable to stock exchange trading
Toivo Group Plc
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
Certified Adviser: Nordic Certified Advisor
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience in the real estate business.
Toivo’s revenue in 2024 was EUR 39,8 million and its operating profit was EUR 4,5 million.