Siili Solutions Plc has increased its ownership in Vala Group Oy
Siili Solutions Plc Press release 8 May 2024 at 13:30 EEST
Siili Solutions Plc has today, 8 May 2024, completed a transaction that increased Siili's ownership in its subsidiary Vala Group Oy to over 95%. Before the transaction, Siili's ownership in Vala was approximately 80%.
The shares were acquired in accordance with the founders’ sale option agreed upon in the company’s shareholder agreement.
The purchase price of the shares was approximately 5.3 million euros, which includes about 1.6 million euros as compensation from the company’s net cash and an adjustment according to the shareholder agreement for the dilutive effect of the company’s option program. The purchase price was paid in full in cash from the company's cash reserves.
Further information
CEO Tomi Pienimäki
Tel: +358 40 834 1399, email: tomi.pienimaki(at)siili.com
Distribution
Main media
www.siili.com/en
Siili Solutions in brief
Siili Solutions Plc is a unique combination of a digital agency and a technology powerhouse. We believe in human-centricity in everything we deliver. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Siili has offices in Finland, Germany, Poland, Hungary, Netherlands, United Kingdom, Austria and USA. Siili Solutions Plc shares are listed on Nasdaq Helsinki Ltd. Siili has grown profitably since it was founded in 2005. www.siili.com
