Lamor Corporation Plc's Extraordinary General Meeting has resolved to authorise the Board of Directors to decide on a directed share issue
Lamor Corporation Plc | Stock Exchange Release | November 13, 2026 at 10:30:00 EET
Lamor Corporation Plc ("Lamor" or the "Company") announced on 23 October 2026 that it was contemplating a directed share issue and convened an Extraordinary General Meeting. Lamor's Extraordinary General Meeting held today, on Friday 13 November 2026, resolved to authorise the Board of Directors to decide on a directed share issue.
As announced by the Company on 23 October 2026, the Company's Board of Directors will resolve separately on the subscription price and the other terms of the share issue. The final per share subscription price is expected to be EUR 0.65 that implies a discount of 10 per cent compared to the volume-weighted average price of the Company's shares on the regulated market maintained by Nasdaq Helsinki Ltd during the 30-day period ended on 6 November 2026 (inclusive of that date), as set out in the subscription commitments received by the Company. A share issue raising gross proceeds of approximately EUR 5 million would therefore result in the issuance of approximately 7.7 million shares at the said per share subscription price of EUR 0.65.
The Extraordinary General Meeting of Lamor was held as a virtual meeting in accordance with Article 9 of the Company's Articles of Association and Chapter 5, Section 16, Subsection 3 of the Finnish Companies Act. The General Meeting resolved on the following matter:
Authorising the Board of Directors to decide on the issuance of shares
The Extraordinary General Meeting resolved to authorise the Board of Directors to resolve on the issuance of shares as follows:
The shares issued under the authorisation may be new shares or treasury shares. Under the authorisation, a maximum of 10,000,000 shares, which corresponds to approximately 36.4 per cent of all of the shares of the Company at the time of this proposal, may be issued. The shares may be issued in one or more tranches.
Under the authorisation, the Board of Directors may resolve upon issuing new shares to the Company itself. However, the Company, together with its subsidiaries, may not at any time hold more than 10 per cent of all its shares.
The Board of Directors was authorised to resolve on all terms of the share issue. The Board of Directors was authorised to resolve on a directed share issue in deviation from the shareholders' pre-emptive rights, provided that there is a weighty financial reason for the Company to do so.
The authorisation does not invalidate any earlier authorisations entitling the Board of Directors to decide on share issuances or issues of special rights entitling to shares.
The authorisation is valid until the close of the next Annual General Meeting, however no longer than until 30 June 2027.
Minutes of the Extraordinary General Meeting
The minutes of the Extraordinary General Meeting will be available on the Company's website at https://www.lamor.com/investors/governance/general-meeting/extraordinary-general-meeting-2026 no later than on 27 November 2026.