29 June 2021
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VIRALA ACQUISITION COMPANY PLC STOCK EXCHANGE RELEASE 29 June 2021 at 06.00 p.m.
Virala Acquisition Company Plc – Managers' Transactions
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Person subject to the notification requirement
Name: Virala Oy Ab
Position: Closely associated person
(X) Legal person
(1):Person Discharging Managerial Responsibilities In Issuer
Name: Ehrnrooth, Alexander
Position: Member of the Board
Issuer: Virala Acquisition Company Oyj
LEI: 743700JHE9365SIHRE72
Notification type: INITIAL NOTIFICATION
Reference number: 743700JHE9365SIHRE72_20210628222535_11
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Transaction date: 2021-06-28
Venue not applicable
Instrument type: SHARE
ISIN: FI4000507488
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 3,500,000 Unit price: 10.00 EUR
Aggregated transactions
(1): Volume: 3,500,000 Volume weighted average price: 10.00 EUR
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Transaction date: 2021-06-28
Venue not applicable
Instrument type: SHARE
ISIN: FI4000507488
Nature of the transaction: PLEDGING
Transaction details
(1): Volume: 3,500,000 Unit price: N/A
Aggregated transactions
(1): Volume: 3,500,000 Volume weighted average price: N/A
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This release refers to unlisted Class F Shares owned by the company's founding shareholder and largest owner Virala Oy Ab, which together with unlisted Class E Shares owned by Virala Oy Ab form the founder shares. Class F Shares can be converted into Class C Shares no earlier than three years and no later than seven years after the completion of the offering on certain conditions or exceptions as set out in the company’s Articles of Association. Class E Shares will automatically convert into Class F Shares under specific conditions if the company issues Class C Shares in a directed issue. The number of Class F Shares corresponds to eight per cent of all Class C Shares and Class F Shares in the company after the offering and changes made to number of Class F Shares and Class E Shares. Further information on the founder shares and the company's share classes is available in the company's Articles of Association and the offering circular.
Transaction date: 2021-06-28
Venue not applicable
Instrument type: SHARE
ISIN: FI4000507470
Nature of the transaction: SUBSCRIPTION
Transaction details
(1): Volume: 241,739 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 241,739 Volume weighted average price: 0.00 EUR
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This release refers to unlisted Class E Shares owned by the company's founding shareholder and largest owner Virala Oy Ab, which together with unlisted Class F Shares owned by Virala Oy Ab form the founder shares. Class F Shares can be converted into Class C Shares no earlier than three years and no later than seven years after the completion of the offering on certain conditions or exceptions as set out in the company’s Articles of Association. Class E Shares will automatically convert into Class F Shares under specific conditions if the company issues Class C Shares in a directed issue. The number of Class F Shares corresponds to eight per cent of all Class C Shares and Class F Shares in the company after the offering and changes made to number of Class F Shares and Class E Shares. Further information on the founder shares and the company's share classes is available in the company's Articles of Association and the offering circular.
Transaction date: 2021-06-28
Venue not applicable
Instrument type: SHARE
ISIN: FI4000507389
Nature of the transaction: DISPOSAL
Transaction details
(1): Volume: 241,739 Unit price: 0.00 EUR
Aggregated transactions
(1): Volume: 241,739 Volume weighted average price: 0.00 EUR
Virala Acquisition Company Plc
Further enquiries and interview requests
Charlotta Palm, Project Assistant, Virala Oy Ab, +358 50 357 5566
Distribution
Nasdaq Helsinki Ltd
Principal media
www.virala.fi
About VAC
Virala Acquisition Company Plc (VAC) is a Finnish acquisition company, tailored to the Finnish capital markets. The goal of VAC is to identify and execute one or more acquisitions that aim to create significant value for both the shareholders and the target company, as well as diversify the Finnish capital markets. VAC seeks one or more companies and/or businesses with an estimated enterprise value ranging from approximately EUR 50 to EUR 500 million. The founding shareholder of VAC is the industrial enterprise Virala which has committed to act as a long-term anchor owner and developer of the companies to be acquired. www.virala.fi/en/
About Virala
Virala is a long-established industrial owner company. Virala Group includes family-owned and co-controlled private and publicly traded companies, in which Virala acts as an active owner with significant shareholdings. In addition, the Group actively manages a global portfolio including private equity, venture capital and real estate investments. In 2020 Virala Group was the leading investor in three listed companies in Finland and Sweden, which in aggregate generated EUR 4.6 billion in revenue and had more than 13,000 employees around the world in 2020. Virala Group’s average annual return on equity was 24.7 per cent during 2014–2020. The parent company of Virala Group, Virala Corporation, is owned by Alexander and Albert Ehrnrooth.
