Scienza e Tecnologia
Increase of Share Capital in Connection with Realization of the Employee Option Programme and Subscription Results
The Supervisory Board of AS Harju Elekter Group decided to increase the share capital of the company by 131,835.06 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 41 current and former employees of Harju Elekter participated in the issue of AS Harju Elekter Group shares total of 209,262 shares for a total of 929,123.28 euros. A total of 82,306 shares were not subscribed.
Decisions of the Supervisory Board of AS Harju Elekter Group :
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 extensive experience in providing future proof solutions for electrical power distribution. We engineer, manufacture, and install electrification solutions for utilities, industries, infrastructure, public and commercial buildings. The entities of Harju Elekter Group in Estonia, Finland, Sweden, and Lithuania employ around 900 people, and the Group's revenue in the first quarter of 2023 was 45.3 million euros.
Ursula Põld
Lawyer
+372 53 014616
ursula.pold@harjuelekter.com
2321 Rosecrans Avenue. Suite 2200
90245 El Segundo Stati Uniti