Increase of Share Capital in Connection with Realization of the Employee Option Programme and Subscription Results

The Supervisory Board of AS Harju Elekter decided to increase the share capital of the company by 170,700.39 euros by issuing new ordinary shares. The increase of the share capital was triggered by the need to issue new shares to the key persons of Harju Elekter Group, incl. the members of the governing bodies, leading specialists, and engineers, participating in the option program approved with the resolution of the general meeting on 3 May 2018. A total of 75 current and former employees...

Keila, 19/07/2022 (informazione.news - comunicati stampa - scienza e tecnologia)

The Supervisory Board of AS Harju Elekter decided to increase the share capital of the company by 170,700.39 euros by issuing new ordinary shares. The increase of the share capital was triggered by the need to issue new shares to the key persons of Harju Elekter Group, incl. the members of the governing bodies, leading specialists, and engineers, participating in the option program approved with the resolution of the general meeting on 3 May 2018.

A total of 75 current and former employees of Harju Elekter participated in the issue of AS Harju Elekter shares total of 270,953 shares for a total of 1,078,392.94 euros. A total of 26,247 shares were not subscribed.

Decisions of the Supervisory Board of AS Harju Elekter:

All new shares of Harju Elekter issued during the share issue will be listed on Nasdaq Tallinn on the day following the date on which the additionally issued shares with temporary ISINs have been included in the Estonian Central Securities Depository (Nasdaq CSD) together with the previously issued shares with main ISINs.

Harju Elekter is an international industrial group with more than 50 years of experience, whose main activity is the development and production of electrical and automation equipment. Part of the technical solutions of Harju Elekter are aimed at the renewable energy sector, offering complete plans for solar power plants, electric vehicle charging stations, and other related solutions. Its factories in Estonia, Finland, Sweden, and Lithuania employ approximately 900 employees, and the Group's revenue for Q1 2022 was 37.3 million euros. The shares of Harju Elekter are listed on the Nasdaq Tallinn Stock Exchange.

Ursula Joon
Lawyer
+372 674 713
ursula.joon@harjuelekter.com