Beskrivning
| Land | Finland |
|---|---|
| Lista | First North Finland |
| Sektor | Fastigheter |
| Industri | Förvaltning |
Toivo Group Plc, Stock exchange release 3 June 2025 at 5.55 p.m. (EEST)
Toivo Group Plc ("Toivo Group" or the "Company") has today submitted a listing application with Nasdaq Helsinki Ltd ("Nasdaq Helsinki") to admit the Company's shares (the "Shares") on trading on the Main Market of Nasdaq Helsinki (the "Listing"). The Listing is conditional upon Nasdaq Helsinki approving the Company's listing application and the Finnish Financial Supervisory Authority approving the prospectus prepared in connection with the Listing.
Trading in the Shares is expected to commence on the Main Market of Nasdaq Helsinki on or about 12 June 2025. In addition, the Company has requested the Shares to be removed from the First North Growth Market Finland marketplace maintained by Nasdaq Helsinki.
The objectives of the contemplated Listing are 1) to accelerate business operations and exploit growth opportunities, 2) to strengthen shareholder value and credibility, 3) to develop governance and processes, 4) to expand the liquidity and ownership base of the Share, 5) to support the long-term strategy and 6) to potentially reduce the risk premium.
“In recent years, we have operated in an exceptionally challenging operating environment, where changes in interest rates, rising construction costs and market uncertainty have shaped the dynamics of the industry. In these circumstances, we have resolutely refined our strategy, strengthened our operational efficiency and focused on our core competencies. We have increased our market share. We are ready to move on to the next steps of growth. The move to the Main Market of Nasdaq Helsinki is a natural continuation of our development, which increases our credibility, improves our visibility and creates even better conditions for implementing our strategy in the coming years,” says Markus Myllymäki, CEO of Toivo Group Oyj.
The trading code of the Shares, TOIVO, and the ISIN code, FI4000496716, will remain unchanged. As of today, Toivo Group complies with the regulations on the disclosure obligations of companies listed on a regulated market.
Oaklins Finland Oy acts as the Company's financial advisor and Smartius Oy as the Company's legal advisor in connection with the Listing.
Further information
Markus Myllymäki
CEO
Toivo Group Plc
Tel. +358 (0)40 847 6206
Certified Adviser: Nordic Certified Advisor
About Toivo
Toivo is a Finnish real estate company that was founded in 2015. Its business consists of project development and long-term ownership of apartments. The Company’s business model is unique as Toivo’s business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of properties with its own team, from raw land development to tenancy agreement negotiations and property maintenance. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.
Toivo’s strategy is to develop properties in accordance with the Toivo concept. The properties aim for a strong development margin and a stable and attractive return, and in this way enable long-term ownership and the generation of higher additional value to Toivo’s customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo’s team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience in the real estate business.
Toivo’s revenue in 2024 was EUR 39,8 million and its operating profit was EUR 4,5 million.