Lindex has decided on a directed share issue of 2,599,852 new shares in accordance with its restructuring programme to creditors of confirmed restructuring debts; the Company files listing application

LINDEX GROUP plc, Other information disclosed according to the rules of the Exchange, 19.6.2024 at 14:30 EEST

 

Lindex has decided on a directed share issue of 2,599,852 new shares in accordance with its restructuring programme to creditors of confirmed restructuring debts; the Company files a listing application

 

The directed share issue
Lindex Group plc’s (“Lindex” or the “Company”) Annual General Meeting resolved on 7 April 2021, in accordance with the terms of the Company’s restructuring programme approved by the Helsinki District Court on 9 February 2021 (as amended, the “Restructuring Programme”), to authorize the Board of Directors of the Company to decide on the directed issuance of at most 30,000,000 new shares of the Company to the creditors of conditional and disputed debts as well as the creditors of restructuring debt that will be determined later during the Restructuring Programme, to enable conversion of parts of their receivables into shares in the Company.

 

The Company’s Board of Directors has today on 19 June 2024 decided, in accordance with the Restructuring Programme and pursuant to the authorization granted by the Annual General Meeting, to issue 2,599,852 new shares of the Company (the “Conversion Shares”) in deviation from the shareholders’ pre-emptive subscription rights to creditors of the Company whose previously conditional or disputed restructuring debts under the Restructuring Programme have been confirmed to their final amounts by 13 June 2024 (the “Share Issue”) and has approved the subscriptions made in the Share Issue.

 

The subscription price in the Share Issue was EUR 0.9106 per share, which has been paid by setting off restructuring debt in accordance with the Restructuring Programme. As a result of the Share Issue, the total number of shares in the Company will increase by 2,599,852 shares to a total of 161,622,896 shares.

 

After the Share Issue, the Company will continue to have restructuring debt under the Restructuring Programme that is disputed, conditional or maximum amount, in respect of which the amount subject to the payment programme will be confirmed later, and the creditors of such restructuring debt will be entitled to conversion after their respective restructuring debt receivables have been confirmed.

 

Registration and listing of the shares
The Conversion Shares will be registered in the Finnish Trade Register on or about 24 June 2024 and recorded on the book-entry accounts of the subscribers on or about 26 June 2024. The Conversion Shares will, as of their registration in the Finnish Trade Register and recording on the book-entry accounts of the subscribers, confer the same rights as the Company’s other shares.

 

Lindex will today also submit an application for the Conversion Shares to be admitted to trading on the official list of Nasdaq Helsinki Ltd. Trading with the Conversion Shares is expected to commence on or about 26 June 2024 under the trading code “LINDEX”.

 

Further information:
Jukka Naulapää, Chief Legal Officer, tel. +358 50 389 0013

 

LINDEX GROUP plc

 

Susanne Ehnbåge
CEO

 

Distribution:
Nasdaq Helsinki
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