Relais Group Plc Stock Exchange Release 8 May 2024 at 9:15 a.m. EEST
 

The Board of Directors of Relais Group Plc ("Relais Group" or the "Company") has today on 8 May 2024, decided to launch a share buy-back program concerning Relais Group's own shares based on the authorization to repurchase own shares granted by the Annual General Meeting held on 10 April 2024.

The shares to be acquired under the program will be repurchased from the market, which means that the repurchases will be carried out otherwise than in proportion to the existing shareholdings of shareholders (directed repurchases).

The purpose of the share buy-back program is to optimize the Company's capital structure through reduction of the Company's unrestricted equity capital.

The repurchase of own shares will reduce the Company's unrestricted equity. The repurchased shares will be cancelled in accordance with the procedure set out in the Finnish Limited Liability Companies Act.

The maximum amount of Relais Group shares that can be repurchased under the buy-back program is 85,000 shares, corresponding to approximately 0.47 percent of the total number of the Company's shares, which is 18,132,308. The aggregate purchase price of all Relais Group shares to be acquired under the buy-back program shall however not exceed EUR 1,000,000.

The share repurchases will commence on 8 May 2024, at the earliest and end no later than on 31 December 2024.

The repurchases will be carried out in accordance with the so-called safe harbor procedure referred to in the EU Market Abuse Regulation (Regulation No. 596/2014) and the Commission Delegated Regulation (EU) 2016/1052 (which together constitute the "Safe Harbor Rules"). The shares shall be acquired in public trading on Nasdaq Helsinki Ltd at the market price prevailing at the time of purchase in compliance with the price and volume limits applicable under the Safe Harbor Rules and in accordance with the terms and conditions of the buy-back program.

Relais Group has appointed Nordea Bank Abp to execute the share buy-back program. The manager will make trading decisions independently of and without influence from Relais Group, within the announced limits. This also applies to the timing of purchases.

Relais Group may suspend or terminate the program prior to its scheduled end date and will in such case issue a stock exchange release to this effect.

Relais Group holds 50 own shares prior to the commencement of the buy-back program.

Helsinki, 8 May 2024

RELAIS GROUP PLC

BOARD OF DIRECTORS

Further information:
CFO Thomas Ekström
+358 50 381 9751
thomas.ekstrom@relais.fi

Distribution
Nasdaq Helsinki Ltd
Main media
www.relais.fi

Relais Group

Relais Group is a leading consolidator and acquisition platform on the vehicle aftermarket in the Nordic and Baltic countries. We have a sector focus in vehicle life cycle enhancement and related services. We also serve as a growth platform for the companies we own.

We are a profitable company seeking strong growth. We carry out targeted acquisitions in line with our growth strategy and want to be an active player in the consolidation of the aftermarket in our area of operation. Our acquisitions are targeted at companies having a good strategic fit with our group companies.

Our net sales in 2023 was EUR 284.3 (2022: 260.7) million. During 2023, we completed a total of four acquisitions. We employ approximately 1,000 professionals in six different countries. The Relais Group share is listed on the Main Market of Nasdaq Helsinki with the stock symbol RELAIS.

www.relais.fi