Lamor Corporation Plc Press release 29 September 2023 at 1:45 p.m. EEST
Lamor Corporation Plc aims to transfer to Nasdaq Helsinki's main market
Lamor Corporation Plc has decided to pursue transferring trading in the company’s shares to Nasdaq Helsinki's main market by the end of 2023. Lamor is not considering issuing new shares in connection with the potential transfer.
Lamor’s share has been listed on Nasdaq First North Premier Growth Market Finland since December 2021, and Lamor is applying the IFRS as well as several other reporting requirements of the main market.
The potential transfer to the main market is expected to support Lamor in implementing its strategic targets. In the long term, it is estimated that the transfer will contribute to the expansion of Lamor’s shareholder base and an increase in the liquidity of the shares. In addition, the transfer is estimated to improve the awareness of Lamor among different stakeholder groups.
“We have been implementing our strong growth strategy on the First North Premier market and grown significantly in terms of revenue. Transfer to the main market would strengthen our opportunities to further advance our growth strategy and would be a natural step for us when pursuing growth in new market areas with our environmental protection, material recycling and soil remediation solutions”, states Lamor’s CEO Mika Pirneskoski.
Lamor’s Board of Directors will propose to an extraordinary general meeting certain technical changes to Lamor´s Articles of Association to enable the transfer to the main market. The extraordinary general meeting will be convened later today.
Mika Pirneskoski, CEO, Lamor Corporation Oyj, Tel. +358 40 757 2151
Timo Koponen, CFO, Lamor Corporation Oyj, Tel. +358 40 749 2986
Danske Bank A/S, Finland Branch
Lamor in brief
Lamor is one of the world’s leading providers of environmental solutions. For four decades, we have worked to clean up and prevent environmental incidents on land and at sea.
From environmental protection to material recycling: Our innovative technologies, services and tailored solutions, ranging from oil spill response, waste and water treatment to soil remediation and plastic recycling, benefit customers and environments all over the world.
We are capable of vast and fast operations thanks to our connected ecosystem of local partners, steered by our experts. We have over 500 employees in more than 20 countries. In 2022, our turnover was 128 million euros. Lamor's share is listed on the Nasdaq First North Premier Growth Market Finland marketplace maintained by Nasdaq Helsinki (ticker: LAMOR). Further information: www.lamor.com
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