Multitude SE: The Extraordinary General Meeting Of Multitude SE Approved The Transfer Of The Company's Registered Office From Finland To Malta EQS-News: Multitude SE / Schlagwort(e): Hauptversammlung Multitude SE: The Extraordinary General Meeting Of Multitude SE Approved The Transfer Of The Company's Registered Office From Finland To Malta 21.03.2024 / 10:30 CET / CEST Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
21.03.2024 - 10:30:32EQS-News: Multitude SE: The Extraordinary General Meeting Of Multitude SE Approved The Transfer Of The Company's Registered Office From Finland To Malta (deutsch)
Multitude SE: The Extraordinary General Meeting Of Multitude SE Approved The Transfer Of The Company's Registered Office From Finland To Malta
EQS-News: Multitude SE / Schlagwort(e): Hauptversammlung
Multitude SE: The Extraordinary General Meeting Of Multitude SE Approved The
Transfer Of The Company's Registered Office From Finland To Malta
21.03.2024 / 10:30 CET/CEST
Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.
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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
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21.03.2024 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: 1864277
Ende der Mitteilung EQS News-Service
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1864277 21.03.2024 CET/CEST
