Trainers’ House Plc: Quantity of shares has changed
04 Abril 2022 - 12:30AM
Trainers’ House Plc: Quantity of shares has changed
TRAINERS' HOUSE PLC, STOCK EXCHANGE RELEASE, 4 APRIL 2022 AT
8:30 The annual general meeting of Trainers' House Plc held on 30
March 2022 decided that the number of shares will be reduced
without reducing share capital in accordance with the procedure
laid down in the Finnish Limited Liability Companies Act, Chapter
15, Section 9 in such a way that each current 10 shares of the
company shall correspond to 1 share of the company. In addition,
the annual general meeting authorised the Board of Directors to
carry out a directed share issue free of charge in order to avoid
the creation of fractions of the shares. Trainers' House Plc has
now completed the directed share issue and reverse split, as a
result of which the number of shares has changed. After the reverse
split, the number of shares is 2,147,828. The new number of shares
has been registered with the Trade Register on 1 April 2022 and
trading in the combined shares with the new ISIN code FI4000519202
will begin today 4 April 2022. The reverse split does not affect
the equity of the company. The purpose of the reverse split is to
improve the trading conditions of the company's shares and to
increase flexibility in the distribution of dividends. TRAINERS'
HOUSE PLC Information Saku Keskitalo, CFO, tel. +358 404 111 111
DISTRIBUTION NASDAQ Helsinki Key media www.trainershouse.fi -
Investors
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