Multitude SE: Transfer of Registered Office to Malta Due to be Completed on 30 June 2024
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EQS-News: Multitude SE / Schlagwort(e): Sonstiges
Multitude SE: Transfer of Registered Office to Malta Due to be Completed on
30 June 2024
18.06.2024 / 07:00 CET/CEST
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
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Multitude SE: Transfer of Registered Office to Malta Due to be Completed on
30 June 2024
Helsinki, 17 June 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", "Company" or "Group") announces, that the transfer of
the Company's registered office 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") is
due to take place on 30 June 2024 ("Transfer Date").
As communicated on 21 March 2024, the Transfer has been approved by the
Company's Extraordinary Shareholders' General Meeting. The Finnish Trade
Register has issued its permit for the Transfer on 20 May 2024. The Company
expects that all other necessary consents and approvals for the Transfer
will have been received and all conditions for the Transfer will have been
fulfilled or, where relevant, waived, by the Transfer Date.
The Transfer will not affect the listing of the Company on the regulated
market (Prime Standard) of the Frankfurt Stock Exchange. The Company shares
will continue to be listed on the Frankfurt Stock Exchange, and trading is
expected to continue without any interruptions. The ISIN of the shares will
change from the current Finnish ISIN to a new Maltese ISIN (MT0002810100).
The new Maltese ISIN will be applied as of 1 July 2024.
In connection with the Transfer, the Company's issuer central securities
depository ("Issuer CSD") will change from Euroclear Finland Oy ("EFi") to
the CSD operated by the Malta Stock Exchange ("MSE CSD") and, consequently,
the Company's shares will be removed from the Finnish book-entry securities
depository maintained by EFi. As a result of this change, the MSE CSD will
hold the Company's share register. No individual shareholders will be
registered with the MSE CSD, however. Instead, all the Company's shares will
be held through the international central securities depository Clearstream
Banking S.A., Luxembourg ("CBL") acting as a nominee.
To facilitate the Transfer and the change of the Issuer CSD and to avoid
even any temporary disruption in trading in the Company shares, the shares
that are not yet held through CBL, acting, among others, for its sister
company the German central securities depository Clearstream Banking AG,
Frankfurt ("CBF", together with CBL, "Clearstream") will be transferred to
CBL's account in EFi already prior to the Transfer Date. The transfers to
Clearstream are expected to take place at the latest before or during the
last week of June so that all shares will be held through CBL prior to the
Transfer Date.
The transfers to CBL's account in EFi will, in most cases, take place
without any action required from the shareholders. However, in some cases
shareholders may be contacted by their account operator or other custodian
with a request for action, in which case the Company asks its shareholders
to cooperate with the account operator or other custodian to ensure that the
account operator or other custodian will be able to transfer the shares as
described above. Failure to transfer the shares to Clearstream prior to the
Transfer Date may result in the shareholder not being able to exercise their
shareholder rights in the Company after the Transfer Date until they have
arranged the custody of their shares with a custodian bank affiliated with
CBF or CBL.
Finnish book-entry accounts maintained in EFi's book-entry system are not
capable of being used for holding the Company shares after the Transfer and
the change in the Issuer CSD. For shareholders currently holding their
shares on Finnish book-entry accounts this means that the shares will cease
to be registered on the shareholder's book-entry account and, instead of a
book-entry account, must be held in custody through Clearstream. As provided
in the Board of Director's Report dated 17 January 2024, the Transfer may
have implications for the shareholders e.g. in the form of additional costs
incurred as a result of the transfer of the shares and the shares being held
through Clearstream.
As communicated by the Company on 5 January 2024, the Transfer is the first
phase in the Company's contemplated relocation to Switzerland. After the
Transfer, the Company is planning a conversion into a public limited
liability company governed by the laws of Malta pursuant to Article 66 of
the SE Regulation followed by a redomiciliation to Switzerland pursuant to
applicable Maltese and Swiss laws.
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'.
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18.06.2024 CET/CEST Veröffentlichung einer Corporate News/Finanznachricht,
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Sprache: Deutsch
Unternehmen: Multitude SE
Ratamestarinkatu 11 A
00520 Helsinki
Finnland
E-Mail: ir@multitude.com
Internet: https://www.multitude.com/
ISIN: FI4000106299
WKN: A1W9NS
Börsen: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart, Tradegate Exchange; Stockholm
EQS News ID: 1926769
Ende der Mitteilung EQS News-Service
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1926769 18.06.2024 CET/CEST
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Quelle: dpa-AFX
