United Bankers Plc
STOCK EXCHANGE RELEASE 23 April 2026 at 11.45 EEST

The Board of Directors of United Bankers Plc has decided on a directed share issue to complete the acquisition of Fourton Ltd

United Bankers Plc ("United Bankers") announced on 11 February 2026 the acquisition of the entire share capital of the fund management company Fourton Ltd ("Fourton"). United Bankers has received all regulatory approvals required for the closing of the acquisition and other terms and conditions of the acquisition have also been fulfilled, and the acquisition has been completed today, 23 April 2026 (the “Closing”).

“It is great to welcome Fourton as part of United Bankers. The recent acquisition strongly supports the implementation of our growth strategy. With it, United Bankers will strengthen its position in key markets, expand its competence base and complement its product and service offering in strategically important areas. With the acquisition, we complement our fund portfolio, and the acquisition is in line with the company's long-term goals”, says John Ojanperä, CEO of United Bankers.

Directed issue of new United Bankers shares to the sellers

The Board of Directors of United Bankers has today, 23 April 2026, resolved on a directed issue of new shares in United Bankers to the sellers of Fourton (the “Sellers”) as consideration for the acquisition. The subscribers of the directed share issue are Q-Capital Oy, Matti Kukkarossa Oy, MOJ Consulting Oy, Emenoma Oy and Mikael Wahlström.

The purchase price of Fourton's shares is paid through a directed share issue of United Bankers shares and a cash consideration of EUR 1.1 million.

The Board of Directors of United Bankers has today resolved to issue 163,523 new shares in United Bankers for subscription to the Sellers based on the authorisation given by the Annual General Meeting held on 20 March 2026. The subscription price of the share will be paid in kind at a price of EUR 18.54 per share and it will be determined on the terms and conditions agreed in the acquisition, based on the volume-weighted average price of the United Bankers share during the period 1 January–22 April 2026. The directed share issue is carried out as part of an arrangement that supports United Bankers' growth strategic objectives, so there is a weighty financial reason for the company to deviate from the pre-emptive subscription right of United Bankers' shareholders.

In addition, the Sellers have the option, subject to certain conditions agreed in the contract of sale, to receive an additional earn-out consideration of up to EUR 1.8 million in total, which will be paid three years after the Closing of the transaction.

The new shares issued and subscribed for in the share issue represent in aggregate approximately a 1.47 per cent ownership in United Bankers after the registration of the new shares. Following the share issue, the total number of shares issued by United Bankers is 11,126,566 shares.

The Sellers of Fourton have committed to the transfer restrictions agreed in the purchase agreement concerning the new shares received as payment from United Bankers in connection with the Closing of the transaction. The transfer restrictions will remain in force for three years from the Closing date and will be reduced by 10 per cent after each of the first and second years.

Following the Closing, United Bankers will hold 100 per cent of the votes in Fourton.

The new shares are intended to be registered at the Finnish Trade Register on or about 28 April 2026. Trading in the new shares on the official list of Nasdaq Helsinki Ltd is expected to commence on or about 29 April 2026.

For further information, please contact:

John Ojanperä, CEO, United Bankers Plc
Email: john.ojanpera@unitedbankers.fi
Telephone: +358 40 842 3472, +358 9 25 380 356

Nina Rosenlew, General Counsel, United Bankers Plc
Email: nina.rosenlew@unitedbankers.fi
Telephone: +358 40 522 6519, +358 9 25 380 261

Investor Relations: ir@unitedbankers.fi


United Bankers in brief:

United Bankers Plc is a Finnish expert on asset management and investment markets, established in 1986. United Bankers Group’s business segments include asset and wealth management and capital markets services. In asset and wealth management, the Group specialises in real asset investments. United Bankers Plc is majority-owned by its key personnel, and the Group employs 165 employees (FTE) and 26 tied agents (31 December 2025). In 2025, the United Bankers Group’s revenue totalled EUR 57.1 million, and its adjusted operating profit amounted to EUR 16.7 million. The Group’s assets under management amount to approximately EUR 5.2 billion (31 December 2025). United Bankers Plc’s shares are listed on Nasdaq Helsinki Ltd. The Group companies are subject to the Finnish Financial Supervisory Authority’s supervision. For further information on United Bankers Group, please visit unitedbankers.fi.

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