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LUMO — Lumo Kodit Oyj News Story

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Brief: Lumo Homes Completes Housing Portfolio Acquisition, Issues New Shares

April 1 (Reuters) - Lumo Kodit Oyj LUMO.HE:

LUMO HOMES COMPLETES HOUSING PORTFOLIO ACQUISITION AND ISSUES 24,666,667 NEW SHARES

DEBT-FREE DEAL PRICE ABOUT EUR 900 MILLION PAID IN CASH AND NEW SHARES

VARMA SUBSCRIBES FOR 24,666,667 NEW SHARES OF LUMO HOMES

SUBSCRIPTION PRICE ADJUSTED TO EUR 11.699 PER SHARE REFLECTING EUR 0.11 DIVIDEND

TOTAL SUBSCRIPTION PRICE EUR 288,575,337.23 PAID BY CONTRIBUTING HOUSING PORTFOLIO

NUMBER OF SHARES IN LUMO HOMES INCREASES TO 271,811,066 AFTER SHARE ISSUE

Source text: ID:nWkr4TSCy3

Further company coverage: LUMO.HE

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))

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