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ENDIGIA PLC’S DEMERGER REGISTERED IN THE TRADE REGISTER
DIGIA PLC STOCK EXCHANGE RELEASE 2.5.2016 AT 8:45
DIGIA PLC’S DEMERGER REGISTERED IN THE TRADE REGISTER
The implementation of the partial demerger decided by Digia Plc’s Annual General Meeting on 16 March 2016 was registered in the Trade Register on 1 May 2016.
On 16 March 2016, Digia’s Annual General Meeting approved Digia’s demerger plan and decided on the partial demerger of Digia Plc as set out in the demerger plan. Digia Plc is being demerged such that all assets, liabilities and responsibilities related to Digia’s Qt business are transferred to a new company called Qt Group Plc. Digia’s domestic business remains with Digia Plc.
Following the implementation of the demerger, Qt Group Plc is an independent public listed company. Its shares are available for public trading on NASDAQ Helsinki Ltd as from 2 May 2016. The trading code of Qt Group shares is QTCOM.
Digia’s shareholders have received one (1) Qt share for each Digia share they own as demerger compensation. No demerger compensation has been granted for treasury shares held by Digia. When trading begins, the number of Qt Group shares available for trading is 20,818,273.
In connection with the implementation of the demerger, Juha Varelius, MBA, who served as the President and CEO of Digia, is assuming the position of President and CEO of Qt Group Plc. The new CEO of Digia Plc is Timo Levoranta, M.Sc. (Tech.), B.Sc. (Econ. & Bus.Adm.).
Digia Plc
Board of Directors
ADDITIONAL INFORMATION
Digia Plc’s President and CEO Timo Levoranta
Tel. +358 (0)40 500 2050
Qt Group Plc’s President and CEO Juha Varelius
Tel. +358 (0)9 8861 8040
DISTRIBUTION
NASDAQ Helsinki
Principal media
www.digia.com
Digia is a software and service company that combines technological possibilities and human capabilities to build intelligent business, society and a sustainable future. Our mission is to ensure that our customers are at the forefront of digital evolution. There are more than 1,500 of us working at Digia and we operate globally with our international customers. Digia’s turnover in 2023 was EUR 192,1 million. The company is listed on Nasdaq Helsinki (DIGIA).