Brief: Lehto Group Intends To Divest Prefabrication Of Building Industry Components

Lehto Oyj

29/05/2024 13:31

May 29 (Reuters) - Lehto Group Oyj  LEHTO.HE :
    * WILL SEEK TO DIVEST PREFABRICATION OF BUILDING INDUSTRY
COMPONENTS OF ITS SUBSIDIARY LEHTO COMPONENTS OY
    * BOARD OF DIRECTORS HAS DECIDED ON A PLAN ACCORDING TO
WHICH
LEHTO WILL FOCUS ITS BUSINESS ON REAL ESTATE ENERGY SOLUTIONS
AND ELECTRICITY STORAGES
    * LAUNCH OF ENERGY CONSTRUCTION BUSINESS WILL REQUIRE, AMONG
OTHER
THINGS, APPROVAL OF LEHTO'S RESTRUCTURING PROGRAMME, NEW
PARTNERSHIPS AND KEY PERSONNEL, AND SECURING OF FINANCING
    * IS IN TALKS WITH CONVERTIBLE BOND HOLDERS ON A MODEL WHERE
EXISTING EUR 15 MILLION CONVERTIBLE BOND WILL BE CONVERTED INTO
EQUITY BY HALVING SHARE SUBSCRIPTION PRICE IN ACCORDANCE WITH
TERMS

Source text for Eikon:  ID:nWkr3cpfQF 
Further company coverage:  LEHTO.HE 

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