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Gofore Plc: Gofore Plc’s directed share issue for the transfer of savings shares in employee share savings plan

Gofore Plc: Gofore Plc’s directed share issue for the transfer of savings shares in employee share savings plan

GOFORE PLC COMPANY ANNOUNCEMENT 26 SEPTEMBER 2019 AT 10.05

Gofore Plc’s directed share issue for the transfer of savings shares in employee share savings plan

As a part of the Gofore Group’s employee share savings plan, CrewShare, Gofore Plc has issued a total of 22,844 new shares. The share issue is based on the authorisation by the Annual General Meeting of Shareholders held on 26 March 2019.

In September 2018, Gofore resolved to launch a new employee share savings plan for the Group employees. In the employee share savings plan, the participants have an opportunity to save a proportion of their salaries and use the savings amounts for the acquisition of the Gofore shares at a reduced price (savings shares). The plan is described in more detail in the company announcement published on 28 September 2018.

The new shares are savings shares acquired for the participants during the first phase of the new plan period with the participants’ savings accrued during 1 March 2019-31 August 2019. The Board of Directors resolved on the new plan period on 13 February 2019. The shares have been subscribed for at a price of approximately EUR 7.03 per share, which is based on the trade volume weighted average share price on Nasdaq Helsinki Ltd during 1 August-31 August 2019 with a 10 per cent discount.

The new shares have been entered into the Trade Register today. Trading on the new shares at the Nasdaq First North Growth Market Finland market is expected to begin on 27 September 2019. Following the registration of the new shares, the total number of the company shares is 14,012,802. The share subscription price will be credited in full to the company’s reserve for invested unrestricted equity.

Further enquiries:
Timur Kärki, CEO, Gofore Plc
Tel. +358 40 828 5886
timur.karki@gofore.com 

Certified Adviser: Evli Bank Plc, Tel. +358 40 579 6210

Gofore Plc is a Finnish digitalisation specialist with international growth plans. We’re made up of some 560 people across Finland, Germany, Spain, United Kingdom and Estonia – top experts in our industry who are our company’s heart, brain, and hands. We use consulting, coding and design as tools to incite positive change. We care for our people, our customers, and the surrounding world. Our values guide our business: Gofore is a great workplace that thrives on customer success. In 2018, our net sales amounted to EUR 50.6 million. Gofore Plc’s shares are quoted in the Nasdaq First North Growth Market Finland. Learn to know us better at www.gofore.com.