Multitude SE: The Extraordinary General Meeting Of Multitude SE Approved The Transfer Of The Company’s Registered Office From Finland To Malta
21 Marzo 2024 - 10:30AM
UK Regulatory
Multitude SE: The Extraordinary General Meeting Of Multitude SE
Approved The Transfer Of The Company’s Registered Office From
Finland To Malta
Multitude SE: The Extraordinary General
Meeting of Multitude SE Approved The Transfer Of The Company’s
Registered Office From Finland To Malta
Helsinki, 21 March 2024 – Multitude SE, a listed
European FinTech company, offering digital lending and online
banking services to consumers, small and medium-sized businesses,
and other FinTechs (ISIN: FI4000106299, WKN: A1W9NS)
(“Multitude”, “Group” or
“Company”) announces that its Extraordinary
General Meeting, that was held today, approved the transfer of the
Company’s registered office from Finland to Malta as proposed by
the Company’s Board of Directors. Additionally, the Extraordinary
General Meeting approved certain other related proposals.
Transfer of Registered Office from Finland
to Malta
Multitude announced on 17 January 2024 that the
Board of Directors of Multitude proposed a transfer of the
registered office of Multitude from Finland to Malta in accordance
with Article 8 of the Council Regulation (EC) No 2157/2001 of 8
October 2001 on the Statute for a European company (SE)
(“SE Regulation”) (“Transfer”).
For the purposes of the Transfer, the Board of Directors had
approved a Transfer Proposal (“Transfer Proposal”)
in accordance with Article 8 (2) of the SE Regulation. The Transfer
Proposal also contained the Company’s new Memorandum and Articles
of Association, to which a minor clarification concerning the
subscriber of the issued shares of the Company had been made due to
Maltese requirements after its original approval by the Board of
Directors (“New M&A”).
The Transfer Proposal had been registered in the
Finnish Trade Register on 19 January 2024.
Multitude’s Extraordinary General Meeting
approved the Transfer Proposal (including, without limitation the
New M&A), and resolved on the Transfer in accordance with the
Transfer Proposal.
Shareholders, whose shares were registered on
their personal Finnish book-entry accounts on the record date of
the Extraordinary General Meeting had the right to demand the
redemption of shares provided that they voted against the Transfer.
No demands for redemption were made.
The completion of the Transfer remains subject
to certain other preconditions as set out in the Transfer Proposal,
including without limitation obtaining the necessary approvals,
consents, non-objections, confirmations, rulings and other
declarations by relevant authorities, contracting parties and any
other parties.
The Transfer and the New M&A will become
effective upon the registration of the Company in the Malta
Business Registry. The registration is expected to take place on or
around 30 June 2024.
The Transfer constitutes the first phase of the
Company’s plan to relocate to Switzerland. As announced by the
Company on 5 January 2024, the Company’s intention is that the
Transfer would be followed by a conversion of the Company into a
public limited liability company governed by the laws of Malta and
then an application to have the Company registered in Switzerland
pursuant to applicable Maltese and Swiss laws by the end of the
year 2024.
In addition to approving the Transfer Proposal
and resolving on the Transfer in accordance with the Transfer
Proposal, the Extraordinary General Meeting made the following
decisions:
Change of Issuer CSD
The Extraordinary General Meeting resolved to
change the Company’s issuer central securities depository
(CSD) from Euroclear Finland Oy
(EFi) to the CSD operated by the Malta Stock
Exchange (MSE CSD) and, consequently, remove the
Company shares from the book-entry securities depository system
maintained by EFi. As a result of this change, the MSE CSD will
hold the Company’s share register.
The change of the issuer CSD (and removal from
EFi's book-entry system) will enter into force either on or around
the date when the Company will be registered in the Malta Business
Registry, or on another date as resolved by the Board of
Directors.
The Company will provide its shareholders with
further information and instructions regarding the change of the
issuer CSD in due course after the Extraordinary General
Meeting.
Introduction of Nominal Value and Increase
of Share Capital
The Extraordinary General Meeting resolved to
amend the Company’s current Articles of Association to introduce
for the Company shares a nominal value of EUR 1.85 per share and to
increase the Company’s share capital by EUR 55,766 to EUR
40,189,326 by transferring the relevant amount from the invested
unrestricted equity fund to share capital.
The purpose of the introduction of the nominal
value and the related increase of the share capital is to
facilitate the implementation of the Transfer.
Appointment of a Maltese Company
Secretary
The Extraordinary General Meeting resolved to
appoint Ganado Services Limited (Registration Number: C10785) as
the company secretary of the Company with effect from the date of
registration of the Company with the Malta Business Registry.
Appointment of a Maltese Auditor
The Extraordinary General Meeting resolved to
appoint PricewaterhouseCoopers Malta as the auditor of the Company
upon the registration of the Company with the Malta Business
Registry.
Contact:
Lasse Mäkelä
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
E-mail: lasse.makela@multitude.com
About Multitude SE:
Multitude is a listed European FinTech company,
offering digital lending and online banking services to consumers,
small and medium-sized businesses, and other FinTechs overlooked by
traditional banks. The services are provided through three
independent business units, which are served by our internal
Banking-as-a-Service Growth Platform. Multitude’s business units
are consumer banking (Ferratum), SME banking (CapitalBox) and
wholesale banking (Multitude Bank). Multitude Group employs over
700 people in 25 countries and offers services in 16 countries,
achieving a combined turnover of 230 million euros in 2023.
Multitude was founded in Finland in 2005 and is listed on the Prime
Standard segment of the Frankfurt Stock Exchange under the symbol
'FRU'. www.multitude.com
Grafico Azioni Ferratum Oyj (LSE:0R4W)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni Ferratum Oyj (LSE:0R4W)
Storico
Da Giu 2023 a Giu 2024