LINDEX GROUP plc, Other information disclosed according to the rules of the
Exchange, 17.7.2025 at 11:15 EEST
Lindex has decided on a directed share issue of 2,306,171 new shares in
accordance with its restructuring programme; the Company files a listing
application
The directed share issue
Lindex Group plc's (“Lindex” or the “Company”) Annual General Meeting resolved
on 2April 2025, in accordance with the terms of the Company's restructuring
programme approved by the Helsinki District Court on 9 February 2021 (as
amended, the “Restructuring Programme”), to authorize the Board of Directors of
the Company to decide on the directed issuance of at most 4,000,000 new shares
of the Company to the creditors of conditional and disputed debts as well as the
creditors of restructuring debt that will be determined later during the
Restructuring Programme, to enable conversion of parts of their receivables into
shares in the Company.
On 9 June 2025, the Company announced that it had reached a settlement with
LähiTapiola Keskustakiinteistöt Ky regarding the last disputed claim related to
its restructuring process, and on 27 June 2025, that the related amendment to
the Restructuring Programme had been approved. The Company has also initiated
measures to end the Restructuring Programme.
The Company's Board of Directors has today on 17 July 2025 decided, in
accordance with the Restructuring Programme and pursuant to the authorization
granted by the Annual General Meeting, to issue 2,306,171 new shares in the
Company (the “Conversion Shares”), in deviation from the shareholders' pre
-emptive subscription rights to fulfil obligations under the Restructuring
Programme (the “Share Issue”), and approved the subscription made by LähiTapiola
Keskustakiinteistöt Ky in the Share Issue.
The subscription price in the Share Issue was EUR 0.9106 per share, which has
been paid by setting off restructuring debt in accordance with the Restructuring
Programme. As a result of the Share Issue, the total number of shares in the
Company will increase by 2,306,171 shares to a total of 164,041,391 shares.
Registration and listing of the shares
The Conversion Shares will be registered in the Finnish Trade Register on or
about 21 July 2025 and recorded on the book-entry account of the subscriber on
or about 23 July 2025. The Conversion Shares will, as of their registration in
the Finnish Trade Register and recording on the book-entry account of the
subscriber, confer the same rights as the Company's other shares.
Lindex will today also submit an application for the Conversion Shares to be
admitted to trading on the official list of Nasdaq Helsinki Ltd. Trading with
the Conversion Shares is expected to commence on or about 23 July 2025 under the
trading code “LINDEX”.
LINDEX GROUP plc
Susanne Ehnbåge
CEO
Further information:
Jukka Naulapää, Chief Legal Officer, tel. +358 9 121 3850
Distribution:
Nasdaq Helsinki
Principal media
Lindex Group plc is an international multichannel retail group with two
divisions: Lindex and Stockmann. Lindex is a global fashion company with a
purpose to empower and inspire women everywhere. Its three strong categories
include women's and kids' wear as well as lingerie, where it is a market leader
in the Nordics. Stockmann is a premium multi-brand retailer with department
stores in Finland and the Baltics. Its purpose is to be a marketplace for a good
life. In 2024, the Lindex Group's revenue was EUR 940 million and it had some 5
750 employees. The Group's roots lie in the Stockmann company founded in 1862
and its shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.lindex
-group.com (https://nam11.safelinks.protection.outlook.com/?url=http%3A%2F%2Fwww.
lindex
-group.com%2F&data=05%7C02%7Cchristian.goingberg%40cision.com%7C26110e9475bc4a4f3
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