Business
Increase of Share Capital in Connection with Realization of the Employee Option Programm and Subscription Results
The Supervisory Board of AS Harju Elekter Group decided to increase the share capital of the company by 17,010 euros by issuing new ordinary shares. The increase in the share capital is due to the need to issue new shares to the management board members and key personnel of Harju Elekter and its subsidiaries participating in the option program approved with the resolution of the general meeting on 29 April 2021. A total of 4 current and former employees of Harju Elekter participated in the share
About this update from Harju Elekter Group As
[{"type":"image","alt":"AS Harju Elekter Group.","displaySize":"","headline":null,"caption":"AS Harju Elekter Group.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":84,"url":"https://media.zenfs.com/en/globenewswire.com/a74c60bfd469842e198d31924a52dace"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/aH6DBySxXPTz.lUfZ7eHuA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTExODtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/a74c60bfd469842e198d31924a52dace","width":300,"height":84}},"lazy":false},{"type":"text","content":"The Supervisory Board of AS Harju Elekter Group decided to increase the share capital of the company by 17,010 euros by issuing new ordinary shares. The increase in the share capital is due to the need to issue new shares to the management board members and key personnel of Harju Elekter and its subsidiaries participating in the option program approved with the resolution of the general meeting on 29 April 2021.","length":415,"tagName":"p"},{"type":"text","content":"A total of 4 current and former employees of Harju Elekter participated in the share issue related to the implementation of the option program, who subscribed for a total of 27,000 shares for a total of 121,500 euros. A total of 57,500 shares were not subscribed.","length":269,"tagName":"p"},{"type":"text","content":"Decisions of the Supervisory Board of AS Harju Elekter Group:","length":61,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Harju Elekter's share capital will be increased by a maximum of 17,010 euros, i.e., from 11,654,225.10 euros to 11,671,235.10 euros.","length":136,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The share capital will be increased by way of issuing 27,000 new ordinary shares (ISIN: EE3100004250) with a book value of 0.63 euros per share. The shares will be issued with a share premium. The issue price is 4.50 euros per share, with a book value of the share amounting to 0.63 euros and the share premium to 3.87 euros.","length":325,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The increase in the share capital and payment for the new shares will be carried out fully by way of monetary contribution. The payment deadline for the newly subscribed shares is July 4, 2025. After the increase of the share capital, Harju Elekter has a total of 18,525,...