Project Grand Bidco (UK) Limited has gained title to the minority shares in Purmo Group Plc, and the Purmo Group shares will be delisted from the official list of Nasdaq Helsinki

Project Grand Bidco (UK) Limited has gained title to the minority shares in Purmo Group Plc, and the Purmo Group shares will be delisted from the official list of Nasdaq Helsinki

Project Grand Bidco (UK) Limited ("Project Grand Bidco") has posted a security approved by the arbitral tribunal appointed by the Redemption Board of the Finland Chamber of Commerce in connection with the redemption proceedings concerning the minority shares in Purmo Group Plc ("Purmo Group"). Project Grand Bidco has thus gained title to all the shares in Purmo Group in accordance with Chapter 18, Section 6 of the Finnish Companies Act. As a result of the posting of the security and the transfer of title, the minority shareholders of Purmo Group being parties to the redemption proceedings are entitled to receive only the redemption price when it falls due and the interest payable thereon.

Upon Purmo Group’s application, Nasdaq Helsinki Ltd ("Nasdaq Helsinki") has on December 16, 2024 resolved that the shares in Purmo Group will be delisted from the official list of Nasdaq Helsinki after Project Grand Bidco has gained title to all the shares in Purmo Group in the pending redemption proceedings in accordance with the Finnish Companies Act. The listing of the Purmo Group shares on the official list of Nasdaq Helsinki ceases today in accordance with a separate release published by Nasdaq Helsinki.

More information:

Purmo Group

Jan-Elof Cavander
Chief Financial Officer
investors@purmogroup.com

Distribution:
Nasdaq Helsinki Ltd
Principal media
investors.purmogroup.com

About Purmo Group:
Purmo Group is at the centre of the global sustainability journey by offering full solutions and sustainable ways of heating and cooling homes to mitigate global warming. We provide complete heating and cooling solutions to residential and non-residential buildings, including underfloor heating and cooling systems, a broad range of radiators, heat pumps, flow control and hydronic distribution systems, as well as smart products. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our approximately 2,760 employees operate in 23 countries, manufacturing and distributing top-quality products and solutions to our over 100,000 customers in more than 100 countries. Purmo Group’s shares are listed on Nasdaq Helsinki with the ticker symbol PURMO. More information: www.purmogroup.com.