Transfer of Registered Office Approved by the Extraordinary General Meeting of Shareholders of Multitude SE
16 September 2021 - 7:00PM
Transfer of Registered Office Approved by the Extraordinary General
Meeting of Shareholders of Multitude SE
Transfer of Registered Office Approved by the
Extraordinary General Meeting of Shareholders of Multitude SE
Helsinki, 16 September 2021 – Multitude SE
(ISIN: FI4000106299, WKN: A1W9NS) (“Multitude” or “Company”).
DECISIONS OF MULTITUDE SE’S EXTRAORDINARY
GENERAL MEETING
Multitude SE held its Extraordinary General
Meeting today under special arrangements and the meeting made the
following resolutions.
TRANSFER OF THE REGISTERED OFFICE OF MULTITUDE
SE FROM HELSINKI, FINLAND TO HAMBURG, GERMANY
Multitude SE has on 9 July 2021 announced that
the Board of Directors had decided to approve a transfer proposal
for the transfer of the registered office of Multitude SE from
Helsinki, Finland to Hamburg, Germany (“Transfer”) in accordance
with the Council Regulation (EC) No 2157/2001 of 8 October 2001 on
the Statute for a European Company (SE) (“Transfer Proposal”) and a
related report (“Report”) explaining and justifying the legal and
economic aspects of the Transfer and explaining the implications of
the Transfer for the shareholders, creditors and employees.
The Transfer Proposal has been registered in the
Finnish Trade Register on 14 July 2021.
The Extraordinary General Meeting approved the
Transfer Proposal (including, without limitation, the proposed new
Articles of Association (“New Articles”) which will replace the
current Articles of Association of the Company upon the
registration of Multitude SE with the commercial register of the
local court of Hamburg) and resolved on the Transfer in accordance
with the Transfer Proposal.
The reasons for the Transfer are strategic.
While the Company was incorporated in Finland, its operations have
since expanded across Europe and the world, and currently the
Company is a multinational company having operative actions in
several countries. In addition, the Company has strong ties to
Germany. The Company is listed on the Prime Standard of Frankfurt
Stock Exchange since 6 February 2015 and has several German
subsidiaries. The Transfer will unite the Company’s head office
with the country of the exchange listing of the Company’s
shares.
The Transfer and the New Articles will become
effective upon the registration of the Company in the commercial
register of the local court of Hamburg. The registration is
expected to take place on or about 31 December 2021.
TRANSFER OF COMPANY SHARES TO GERMAN CENTRAL
SECURITIES DEPOSITORY SYSTEM
The Extraordinary General Meeting also decided
to transfer the Company shares to the securities depository system
maintained by the German central securities depository Clearstream
Banking Aktiengesellschaft and, consequently, remove the Company
shares from the book-entry securities system maintained by
Euroclear Finland Oy. The transfer and removal enter into force on
the date when the Company will be registered in the commercial
register in Germany, or on another date as decided by the Board of
Directors.
OTHER DECISIONS
The Extraordinary General Meeting made also
certain other decisions related to the Transfer which are
conditional on the registration of the Company in the commercial
register in Germany. Those decisions include a decision to
authorise the Board of Directors to increase the registered share
capital of the Company until 30 June 2025 in one or several
occasions by up to EUR 6,020,034 by issuing up to 3,258,594 new
registered non-par-value shares against contribution in cash and /
or non-cash contributions and to amend the New Articles
accordingly, a decision to amend the New Articles to include a
provision stating that the German version of the New Articles will
prevail as well as a decision to elect PricewaterhouseCoopers GmbH
Wirtschaftsprüfungsgesellschaft as the auditor of the Company and
Multitude Group for the financial year 2021.
About Multitude SE:
Multitude is an international provider of mobile
banking and digital consumer and small business loans, distributed
and managed by mobile devices. Founded in 2005 and headquartered in
Helsinki, Finland, Multitude has expanded to operate across Europe,
South and North America, Australia and Asia.
As a pioneer in digital and mobile financial
services technology, Multitude is at the forefront of the digital
banking revolution. The Group has approximately 467,000 active
customers that have an open Mobile Bank or Wallet account or an
active loan balance in the last 12 months (as at 30 June 2021).
Multitude SE is listed on the Prime Standard of
Frankfurt Stock Exchange under symbol 'FRU.' For more information,
visit www.multitude.com.
Contacts:
ir@multitude.com
https://www.multitude.com/investors/ir-contact
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