The Board of Directors of Koskisen has decided on a directed share issue to complete the acquisition of Iisveden Metsä Oy

Koskisen Corporation ("Koskisen" or the "Company") announced on 10 March 2025 the acquisition of Iisveden Metsä Oy ("Iisveden Metsä" or the "Seller"). Koskisen has received all regulatory approvals necessary to complete the transaction and all other closing conditions have been fulfilled, and the transaction will therefore be completed as of 1 June 2025.
 
The Board of Directors of Koskisen has today resolved on a directed issue of new Koskisen shares for payment of the purchase price to the Seller.
 
Directed issue of 1,000,000 new Koskisen shares to the Seller
 
The purchase price will be paid through a directed share issue of Koskisen shares and a cash consideration of approximately MEUR 16 (taking into account the preliminary net working capital adjustment). The Board of Directors of Koskisen has today resolved on a directed share issue of 1,000,000 new Koskisen shares to Iisveden Metsä on the basis of the authorisation given by the Annual General Meeting on 15 May 2025. The subscription price of the share is EUR 7.18 per share, which will be paid as contribution in kind by transferring the traded business to the Company. The subscription price takes into account the dividend of EUR 0.12 per share decided by the Company's Annual General Meeting, which, according to the terms of the asset purchase agreement, is deducted from the subscription price of EUR 7.30 agreed in the asset purchase agreement. The subscription price has been determined on the basis of negotiations between the Company and Iisveden Metsä and takes into account the volume-weighted average price of the Company's share before the signing of the asset purchase agreement. The volume-weighted average price of the Company's share in public trading on Nasdaq Helsinki was EUR 7,13 three months before the signing of the asset purchase agreement, EUR 7,03 six months before the signing, EUR 7,10 nine months before the signing and EUR 7,07 twelve months before the signing. The subscription price will be entered in full in the reserve of invested non-restricted equity. As the share issue is being carried out in order to complete the acquisition, there is a weighty financial reason for directing the share issue.
 
The new shares issued and subscribed in the share issue represent a total shareholding of approximately 4.2% in Koskisen after registration of the new shares. After the completion of the share issue, the total number of Koskisen shares will be 24,095,535 shares. The issued shares carry the right to dividend and other monetary or administrative rights in the Company as of the registration of the shares and entry into the book-entry account.
 
Iisveden Metsä has committed to a transfer restriction for a period of 15 months from the completion of the transaction, during which the shares it has received in the share issue may not be transferred.
 
The new shares are expected to be registered in the Trade Register on or about 4 June 2025 and trading in the new shares will commence on the official list of Nasdaq Helsinki Ltd on or about 5 June 2025.

For more information, please contact:
Sanna Väisänen, Director, Sustainability and Communications, Koskisen Corporation
sanna.vaisanen@koskisen.com
Tel. +358 20 553 4563

Koskisen is an international wood processing specialist known for its agility and ability to listen to the customer. We utilise our valuable wood raw material as thoroughly as possible, up to the last particle of sawdust. At the same time, we bring the best carbon narrative to life: We manufacture high-quality and sustainable products that store carbon for decades. The Group’s revenue in 2024 was EUR 282 million. Read more: koskisen.com