Netum Group Plc        Company announcement       1 September 2023 at 11:30 a.m. EEST

Netum Group Plc: Directed share issue related to the acquisition of Buutti Oy

The corporate transaction between Netum Group Plc and the main shareholders of Buutti Oy announced by Netum Group Plc on 14 July 2023 has been completed on 1 September 2023. The Board of Directors of Netum Group Plc has on 1 September 2023 decided on a directed share issue in which a total of 865,851 new shares in Netum Group Plc will be transferred to the shareholders of Buutti Oy as part of the basic purchase price of the acquisition of Buutti Oy.

The total transfer price of the shares to be transferred is EUR 3,000,000 and the transfer price per share is EUR 3.4648. The transfer price corresponds to the volume-weighted average price of Netum Group Plc's shares during the trading days from 31 May to 12 July 2023.

The transfer of shares through a directed share issue is based on the authorisation given to the Board of Directors by Netum Group Plc's Annual General Meeting on 29 March 2023. The reason for deviating from the shareholders' pre-emptive right is a weighty financial reason for the company. The subscribers are key employees of the acquired Buutti Oy, who are committed to the company through their shareholding. The subscribers, which accounted for 96.3% of Buutti Oy's shares, have committed to a transfer restriction concerning the shares to be transferred, which will expire on 31 December 2024.

The transferred shares will confer the right to a dividend and other shareholder rights once the shares have been registered and transferred to the book-entry accounts of the transferees by approximately 22 September 2023.

The directed share issue will increase the number of Netum Group Plc's shares by approximately 7.3%, and after the share issue, the total number of Netum Group Plc’s shares will be 12,786,351. The company holds 156,216 treasury shares.

For additional information, please contact: 

Netum Group Plc 
Matti Mujunen, CEO 
+358 40 047 6401 
matti.mujunen@netum.fi 

Certified advisor: 

Evli Oyj 
+358 40 579 6210 

Netum Group in brief 

Netum is a strongly and profitably growing IT service partner that builds a functional and secure digital society. We help our customers develop their digital business by designing and implementing sustainable digital solutions tailored to their needs – wisely and responsibly. Netum employs more than 400 people, and the company's revenue in 2022 was EUR 29.1 million. Netum Group Plc's shares are listed on Nasdaq Helsinki First North (NETUM). www.netum.fi/