Alisa Bank and PURO Finance have completed their combination
ALISA BANK PLC STOCK EXCHANGE RELEASE 15.5.2024 AT 18.35 EEST
Alisa Bank Plc (“Alisa Bank”) and PURO Finance Ltd (“PURO Finance”) have today completed their combination, which was announced by a stock exchange release on 10 April 2024 (the “Combination”). Pursuant to the terms of the Combination, Alisa Bank acquired PURO Finance for a consideration consisting of 58,878,721 new issued shares in Alisa Bank (the “New Shares”). The New Shares were issued in a directed share issue to the shareholders of PURO Finance in relation to the respective number of shares in PURO Finance sold in the Combination.
The New Shares represent approximately 40 percent of the shares in Alisa Bank following the completion of the Combination. The New Shares will be applied to be listed on the official list of Nasdaq Helsinki following the publication of a listing prospectus prepared by Alisa Bank, which is expected to take place on or about 16 May 2024. Trading in the New Shares on the official list of Nasdaq Helsinki is expected to commence on or about 20 May 2024.
The Extraordinary General Meeting (the “EGM”) elected a new Board of Directors conditional upon the completion of the Combination. The election of the new members of the Board of Directors, Sampsa Laine and Jukka Salonen, was further conditional upon the fit & proper evaluation conducted by the authorities, which has been finalized for Jukka Salonen. With respect to Sampsa Laine, this evaluation is still pending, and his term will begin when the aforementioned fit & proper evaluation has been finalized on his part. With the exception of Sampsa Laine, the term of the members of the Board of Directors elected at the EGM has commenced today on 15 May 2024.
ALISA BANK PLC
The Board of Directors
Further information
Juha Saari, Interim CEO, Alisa Bank Plc
tel. +358 40 672 0595
Alisa Bank in brief
Alisa Bank is a Finnish digital bank that helps both personal and business customers to manage their day-to-day finances in straightforward and flexible manner. We offer comprehensive banking services to ordinary Finns as well as to small and medium-sized companies. Our company’s shares are listed on the main list of Nasdaq Helsinki (ALISA) and we have a authorisation granted by the Financial Supervisory Authority. www.alisapankki.com
PURO Finance in brief
PURO Finance is a Finnish fintech company specialized in invoice financing for SMEs. Together with its partners, PURO Finance offers a trusted and seamless invoice financing service that combines the clients’ invoicing, financing, credit insurance, collection and bookkeeping into a smooth functioning entirety. The financing products of PURO Finance are sold under a number of brands, such as Procountor Kassaturva, Isolta Kassaturva, Ecom Kassaturva, POP Pankin Laskuraha and PURO Finance Laskurahoitus.
