Lemonsoft Oyj’s Board of Directors has decided on a directed share issue to the sellers of Finvoicer Group Oy

Lemonsoft Oyj | Company Release | February 15, 2024 at 12:45:00 EET

Lemonsoft Oyj's Board of Directors has decided on a directed share issue and deviation from the shareholders' preemptive right based on the authorization given by the Annual General Meeting on 4 April 2023. The share issue is related to the acquisition of Finvoicer Group Oy announced on 1 June 2023.

The additional purchase prices to be paid to the sellers of Finvoicer Group Oy ("Sellers") based on the financial results of 2023 will be paid partly by directing a total of 17,986 Lemonsoft’s new shares to the Sellers, and partly by cash consideration. The subscription price of the shares is EUR 6.22 per share, based on the volume-weighted average price of Lemonsoft Oyj’s share from 1 January to 31 January 2024. Thus, the value of the share consideration is approximately EUR 112,000 in total.

As a result of the share issue, the total number of outstanding shares in Lemonsoft Oyj will increase to 18,579,991 shares. The new shares represent approximately 0.1 percent of all Lemonsoft's shares prior to the share issue.

The new shares will carry shareholder rights as of their registration day. The new shares are to be registered in the trade register and in the book value system maintained by Euroclear Finland Oy in the week beginning 19.2.2024. The new shares are estimated to be admitted to public trading together with Lemonsoft's old shares on 23.2.2024.

Further information

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Jan-Erik Lindfors
CEO
[e-mail]
[phone]

Alpo Luostarinen
Director, M&A and IR
[e-mail]
[phone]

Certified Adviser:
Aktia Alexander Corporate Finance Oy, [phone]

About Us

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Lemonsoft is a Finnish software company that designs, develops and sells ERP software solutions to streamline its customers’ processes across different business lines and administration. The extensive offering of software solutions and related services enables the Company to provide its customers with holistic service. The Company’s standardised and scalable software solutions are delivered mainly from the cloud and are based on the SaaS model in which customers pay a monthly service fee for the use of the software. The Company operates in the ERP software market in Finland primarily as a service provider for SMEs. The Company’s customer base consists of customers from especially industrial manufacturing, wholesale and retail, professional services automation, construction and accounting.

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