Talenom Plc’s Board of Directors has decided on a directed share issue as part of the Sant Cugat Consulting S.l. and Gesgal Asesores S.l. acquisitions

Talenom Plc, Stock exchange release 5 October 2023 at 13:00 EEST

Talenom Plc’s Board of Directors has decided on a directed share issue as part of the Sant Cugat Consulting S.l. and Gesgal Asesores S.l. acquisitions

Talenom Plc announced two acquisitions in Spain on 29 September 2023. Part of the purchase prices will be paid in cash and part with new Talenom Plc shares subscribed in a directed share issue. The transaction prices are not disclosed.

As part of the transactions, Talenom has decided to issue 118,048 new shares in a directed share issue for the sellers of the acquisition targets, i.e. Sant Cugat Consulting S.l. and Gesgal Asesores S.l. The subscription date for the shares is 5 October 2023.

The number of new shares to be issued corresponds to some 0.26 percent of all Talenom Plc's shares prior to the share issue. After the registration of the new shares, the total number of shares in Talenom Plc is 45,569,198 shares. The new shares will carry shareholder rights as of their registration day, estimated on 9 October 2023. The shares issued in the share issue are estimated to be admitted to trading on the official list of Nasdaq Helsinki Ltd on 10 October 2023.

The Board of Directors of Talenom Plc decided on a directed share issue and a deviation from the shareholders' pre-emptive subscription right pursuant to an authorization given by the Annual General Meeting on 15 March 2023.

Talenom Plc
Board of Directors

Further information:
Otto-Pekka Huhtala
CEO, Talenom Plc
+358 40 703 8554
[email protected]

Talenom in brief
Talenom is an agile and progressive accounting firm established in 1972. Our business idea is to make daily life easier for entrepreneurs with the easiest-to-use digital tools on the market and highly automated services. In addition to comprehensive accounting services, we support our customers’ business with a wide range of expert services, as well as financing, account and payment traffic services. Our vision is to provide superior accounting, account and payment traffic services for SMEs.

Talenom’s growth history is strong – average annual net sales growth was approximately 17% between 2005 and 2022. In 2022, Talenom’s net sales was some EUR 102 million and the company has more than 1,300 employees in Finland, Sweden, Spain and Italy at the end of the year. Talenom’s share is quoted on the Main Market of Nasdaq Helsinki. Read more: investors.talenom.com/en