Evli Plc (Evli) and EAB Group Plc (EAB) have announced in a stock exchange release published on April 22, 2022 that they have signed a letter of intent pursuant to which the parties are looking into a potential combination of Evli’s and EAB’s operations.
Following the Contemplated Combination, the shareholders of Evli would own in total approximately 91 percent of the shares and 99 percent of the votes in the Combined Company and the shareholders of EAB would own approximately 9 percent of the shares and one (1) percent of the votes in the Combined Company.
The parties aim to sign the merger agreement and other transaction agreements during May 2022. The Contemplated Combination is estimated to be completed during the second half of 2022.
Stock Exchange release: Evli Plc and EAB Group Plc consider combination
The considered combination will not require any action from Evli’s clients, who will continue to be served as usual before and after the considered combination. After the considered combination clients will have access to an even more comprehensive product and service offering and specialist resources.
Evli’s contact persons and our Investor Service, tel. +358 9 4766 9701 (9.30 am. – 4.30 pm. EET on weekdays), or investorservice@evli.com, will be happy to assist you in any questions.
