Wetteri Plc’s new shares have been registered with the Trade Register

Wetteri Plc stock exchange release 12 March 2024 9.00 EET

Wetteri Plc has previously announcedly carried out the acquisition of Suvanto Trucks Oy’s shares with a share exchange on 29 February 2024. In connection with the share exchange, the Board of Directors of Wetteri has issued a total of 8,869,936 new shares of the Company in a directed share issue to the shareholders of Suvanto Trucks Oy.  These new shares have been paid with the shares of Suvanto Trucks Oy as a contribution in kind. The directed share issue has been carried out on the basis of the authorization given by the Company's Annual General Meeting on 8 May 2023. The subscription price in the directed issue was EUR 0.469 per share. The subscription price was based on the terms of the share exchange agreement and determined in accordance with the share price at the time of execution of the acquisition.

After the share issue, the number of Wetteri’s shares has increased to a total of 157,082,545 shares from the previous 148,212,609 shares. The share capital of the Company has not changed as a result of the share issue. The registered share capital is 96,000 EUR. The new shares have been registered with the Trade Register on 7 March 2024 and will be publicly traded on Helsinki Stock Exchange approximately on 15th March 2024.

Additional information

Aarne Simula, CEO and President, Wetteri Plc

Tel. 0400 689 613, aarne.simula@wetteri.fi

Wetteri Plc – An Entrepreneur-Driven Automotive Growth Company

Wetteri Plc is an entrepreneur-driven growth company in the automotive industry. In addition to the retail trade of passenger, utility and heavy-duty vehicles, the Company provides maintenance and damage repair services from passenger cars to heavy-duty vehicles. The Company has 49 offices in its home country, headquartered in Oulu. The company employs around 1000 people, of whom nearly 70% work in maintenance and repair services. Wetteri promotes digitalisation in the automotive sector and is an important player on the common journey towards emission-free motoring. More information: sijoittajat.wetteri.fi/en/