Premium Group previously announced that it resolved at its board of directors’ meeting held on January 18, 2022, to acquire additional shares of its consolidated subsidiary SoftPlanner and make the company a wholly owned subsidiary. However, at the board of directors’ meeting held on May 20, 2022, it resolved to change the acquisition method for acquisition of additional shares from cash to share exchange, through which SoftPlanner will become a wholly owned subsidiary. The share exchange contract was concluded between the two companies today.
The share exchange will use treasury shares, so new shares will not be issued.
The share exchange will be a simplified share exchange.