FINNLAND

EQS-News: Multitude Capital Oyj successfully places EUR 80 million in senior guaranteed unsecured bonds 

Retrieved on: 
Montag, Juni 17, 2024

Helsinki, 13 June 2024 – Multitude SE (“Multitude” or the “Group”) is pleased to announce the successful placement of an EUR 80 million senior unsecured bonds (NO0013259747) with maturity in July 2028 (the “Bonds”).

Key Points: 
  • Helsinki, 13 June 2024 – Multitude SE (“Multitude” or the “Group”) is pleased to announce the successful placement of an EUR 80 million senior unsecured bonds (NO0013259747) with maturity in July 2028 (the “Bonds”).
  • The Bonds will be issued by Multitude Capital Oyj, a wholly owned Finnish subsidiary of Multitude SE.
  • Multitude SE will act as guarantor of the new Bonds.
  • Fitch Ratings has previously assigned Multitude SE with a Long-Term Issuer Default Rating (IDR) at ‘B+’ with a Positive Outlook and the long-term rating of the outstanding senior unsecured bonds issued by Multitude SE at ‘B+’.

EQS-News: Multitude SE announces its intention to voluntarily redeem all outstanding senior bonds due 2025

Retrieved on: 
Montag, Juni 17, 2024

Helsinki, 13 June 2024 – Multitude SE (the "Company") announces its intention to exercise its right to redeem all outstanding senior unsecured floating rate bonds maturing in December 2025 (ISIN NO0012702549) (the “Bonds”), in accordance with Clause 9.3 (Voluntary Total Redemption (call option)) of the terms and conditions of the Bonds (the "Terms and Conditions").

Key Points: 
  • Helsinki, 13 June 2024 – Multitude SE (the "Company") announces its intention to exercise its right to redeem all outstanding senior unsecured floating rate bonds maturing in December 2025 (ISIN NO0012702549) (the “Bonds”), in accordance with Clause 9.3 (Voluntary Total Redemption (call option)) of the terms and conditions of the Bonds (the "Terms and Conditions").
  • Terms defined in the Terms and Conditions shall have the same meaning in this press release unless given a different meaning herein.
  • The redemption date will be 8 July 2024 (the “Redemption Date”).
  • The redemption amount for each Bond shall be the applicable call option amount (being 103.75 per cent.

EQS-News: Multitude SE: Approval of written procedure and amendments to the terms and conditions of its subordinated capital notes

Retrieved on: 
Montag, Juni 17, 2024

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • A sufficient number of noteholders participated in the written procedure in order to form a quorum, and a requisite majority of the noteholders voted in favour of approving the Proposal.
  • The amendments will become effective when the Company and the agent enter into an amendment and restatement agreement, amending and restating the terms and conditions of the Notes substantially in the form set out in schedule 2 of the notice of written procedure.

EQS-News: Multitude SE: Approval of written procedure and amendments to the terms and conditions of its senior bonds due 2025

Retrieved on: 
Montag, Juni 17, 2024

The issuer is solely responsible for the content of this announcement.

Key Points: 
  • The issuer is solely responsible for the content of this announcement.
  • A sufficient number of bondholders participated in the written procedure in order to form a quorum, and a requisite majority of the bondholders voted in favour of approving the Proposal.
  • The amendments will become effective when the Company and the agent enter into an amendment and restatement agreement, amending and restating the terms and conditions of the Bonds substantially in the form set out in schedule 2 of the notice of written procedure.

Finnvera Group, Interim Management Statement 1 January–31 March 2024

Retrieved on: 
Freitag, Mai 10, 2024

During the period under review, the Finnvera Group’s realised credit losses amounted to EUR 16 million (96).

Key Points: 
  • During the period under review, the Finnvera Group’s realised credit losses amounted to EUR 16 million (96).
  • This may cause uncertainty about the Finnvera Group’s financial performance in 2024.
  • This stock exchange release is a summary of Finnvera Group’s Interim Management Statement of January–March 2024 and contains the relevant information from the report.
  • The Interim Management Statement in its entirety is attached to this bulletin as a PDF file and is available on the company’s website at www.finnvera.fi/financial_reports in Finnish and English.

EQS-News: Multitude SE: Decisions of the Annual General Meeting of Shareholders and the Board of Directors of Multitude SE

Retrieved on: 
Freitag, Mai 3, 2024

The Annual General Meeting approved the presented Remuneration Report for Governing Bodies and supported the presented Remuneration Policy for Governing Bodies.

Key Points: 
  • The Annual General Meeting approved the presented Remuneration Report for Governing Bodies and supported the presented Remuneration Policy for Governing Bodies.
  • The Annual General Meeting confirmed the number of members of the Board of Directors as six.
  • The Chairman and the Vice Chairman of the Board of Directors will be elected by the Board of Directors from amongst its members.
  • The Board of Directors decided to re-elect Ari Tiukkanen as the Chair of the Board of Directors and Jorma Jokela as the Vice Chair of the Board of Directors.

EQS-News: Multitude SE: Distribution of Own Shares to Employees Based on Matching Share Plan Vesting

Retrieved on: 
Freitag, Mai 3, 2024

Helsinki, 15 April 2024 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “the Group”) is pleased to announce distributing the third batch of shares from the Matching Share Plan (“MSP”) to its employees.

Key Points: 
  • Helsinki, 15 April 2024 – Multitude SE (ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “the Group”) is pleased to announce distributing the third batch of shares from the Matching Share Plan (“MSP”) to its employees.
  • In line with keeping employee and shareholder incentives aligned, the Group launched a Matching Share Plan in Q1 2021.
  • The plan allowed employees to invest up to 10% of their annual gross salary in Multitude shares.
  • Following the directed share issue, the number of treasury shares now stands at 60,036 or 0.28% of the total shares outstanding.

EQS-News: Multitude SE preliminary unaudited 2023 results with strong revenue growth and earnings jump in 2023 in line with guidance

Retrieved on: 
Mittwoch, April 10, 2024

Strong key financial metrics reflected the Group’s resilience and effectiveness in navigating economic conditions and capitalising on market opportunities.

Key Points: 
  • Strong key financial metrics reflected the Group’s resilience and effectiveness in navigating economic conditions and capitalising on market opportunities.
  • Revenue increased by 8.5% (EUR 18.0 million) from EUR 212.5 million in 2022 to EUR 230.5 million in 2023.
  • Net interest income increased by 4.9% (EUR 9.8 million) from EUR 198.4 million in 2022 to EUR 208.2 million in 2023.
  • Multitude's EBIT from continuing operations reached EUR 45.6 million in 2023 compared to EUR 31.5 million in 2022.

EQS-News: Multitude SE: The Extraordinary General Meeting of Multitude SE Approved The Transfer Of The Company’s Registered Office From Finland To Malta

Retrieved on: 
Mittwoch, April 10, 2024

Additionally, the Extraordinary General Meeting approved certain other related proposals.

Key Points: 
  • Additionally, the Extraordinary General Meeting approved certain other related proposals.
  • 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.
  • 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.
  • 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.

EQS-News: Multitude Group Annual Report 2023 published - on track for substantial profitable growth in 2024 and beyond

Retrieved on: 
Mittwoch, April 10, 2024

With the publication of the audited figures in the annual report for 2023 Multitude confirms its preliminary numbers, showing a strong performance in 2023 and significant growth across all relevant key figures.

Key Points: 
  • With the publication of the audited figures in the annual report for 2023 Multitude confirms its preliminary numbers, showing a strong performance in 2023 and significant growth across all relevant key figures.
  • As such, loans to customers rose by 13.6% to EUR 575.9 million and debt investments increased by 194.3% from EUR 21.1 million to EUR 62.1 million.
  • This and an improved cost efficiency resulted in a strong growth of the EBIT from EUR 31.6 million in 2022 to EUR 45.6 million in 2023, signifying a 44.8% increase.
  • With the overall growth in assets also comes a rise in cash and cash equivalents by 85.0% to EUR 283.7 million from EUR 153.3 million.