Loudspring carries out a directed share issue of EUR 800 000

Loudspring Oyj
Company release, inside information
09.06.2020, 08:30 (EEST)

Based on the authorization granted by the Annual General Meeting of the Company on 26 April 2019, the Board of Directors of Loudspring Oyj ("Loudspring" or the "Company") have on 8 June 2020 resolved on a directed share issue of EUR 800 000 to a group of private investors (the "Share Issue").

In the Share Issue, 2 758 616 new class A shares (the "Offer Shares") were offered. The subscription price in the Share Issue was set at EUR 0,29 per Offer Share. The subscription price equals a discount of 11% to the 30-day volume weighted average price of the Company's class A share on First North Growth Market Finland on 8 June 2020. The entire subscription price of the Offer Shares will be recorded in the Company's reserve for invested unrestricted equity. The reasons for the deviation from the shareholders' preemptive rights was to raise capital in a time and cost-effective manner.

The Offer Shares represent approximately 8,5 % of the outstanding shares and 2,6 % of the votes in the Company after the Share Issue. Following the Share Issue, the number of issued and outstanding class A shares of the Company will be 28 447 797. The total number of issued and outstanding shares of the Company will be 32 501 797.

Loudspring CEO Jarkko Joki-Tokola: "This emission is a continuation of our previously communicated funding plan, including a limited capital requirement for our core portfolio. We see Loudspring's core portfolio coming strong out of the first wave of the pandemic, strengthened also by Eagle Filters' new respirator business."

Loudspring Oyj

Board of Directors