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

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 Skyrise.tech acquisition

Etteplan announced on June 14, 2021 the acquisition of Skyrise.tech, 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 Skyrise.tech.

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 The trading with the new shares is possible only after three years when the lock-up period is no longer valid.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

Distribution:
Nasdaq Helsinki
Major media
www.etteplan.com