Toivo Group Oyj - Managers' Transactions
Toivo Group Oyj - Managers' Transactions - 29 August 2022 at 5:15 p.m.
____________________________________________
Person subject to the notification requirement
Name: Raatihuone Oy
Position: Closely associated person
(X) Legal person
(1):Person Discharging Managerial Responsibilities In Issuer
Name: Asko Myllymäki
Position: Member of the Board
(2):Person Discharging Managerial Responsibilities In Issuer
Name: Tomi Koivukoski
Position: Member of the Board
(3):Person Discharging Managerial Responsibilities In Issuer
Name: Markus Myllymäki
Position: Chief Executive Officer
Issuer: Toivo Group Oyj
LEI: 743700N31WYJDNPT8M98
Notification type: INITIAL NOTIFICATION
Reference number: 18925/4/4
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Transaction date: 2022-08-29
Venue not applicable
Instrument type: SHARE
ISIN: FI4000496716
Nature of the transaction: OTHER
Description:
The sale of shares and the purchase price is based on an agreement entered into by Raatihuone Oy and the transferee on 28 February 2020 and amended thereafter on 10 May 2021. Toivo Group Plc has published information relating to the agreement on page 109 of its listing prospectus approved on 28 May 2021 (FIVA 32/02.05.04/2021).
Transaction details
(1): Volume: 90000 Unit price: 0.02222 EUR
Aggregated transactions
(1): Volume: 90000 Volume weighted average price: 0.02222 EUR
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
[email protected]
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of developing apartment lots, constructing housing and ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of residential real estate with its own team, from raw land development to renting apartments. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop apartments in accordance with the Toivo concept. The apartments aim for a strong development margin and a stable and attractive return, and this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience.
Toivo’s revenue in 2021 was EUR 13.6 million and its operating profit was EUR 15.8 million.
