Solteq Oyj

On November 18, 2024, Solteq Denmark A/S, a subsidiary of the Solteq Group, entered into an agreement to sell its healthcare software solutions business to Confirma Software for EUR 4 million. The payment will be made in cash upon completion of the transaction, which is expected to be finalized by the end of 2024 or early 2025, pending customary closing conditions. In 2023, the business generated EUR 1.8 million in revenue. Upon closing, all related assets and liabilities, except for accounts receivable and payable, will transfer to Confirma Software. This sale aligns with Solteq's strategic focus on energy, retail, and e-commerce sectors. Confirma Software, a Nordic company, is viewed as a suitable successor for the healthcare business.

Solteq Plc has announced its financial reporting schedule for 2025. The company will release its Financial Statements Bulletin for 2024 on February 13, 2025, followed by its first interim report (covering January to March 2025) on April 29, 2025. The Half-Year Report (covering January to June 2025) will be published on August 21, 2025, and the second interim report (covering January to September 2025) will be available on October 29, 2025. Solteq's 2024 Annual Report, including the Board of Directors' Report and Financial Statements, will be published on their website by March 5, 2025. The Annual General Meeting is scheduled for March 27, 2025, with details to be announced later. Solteq is a Nordic company providing software solutions and expert services in the retail and energy sectors, employing over 400 professionals across several countries.

Solteq Plc has issued a correction to its Consolidated Cash Flow Statement for the period January 1 to September 30, 2024, as reported in their Interim Report. The net cash flow from operating activities is now reported as EUR 1,230 thousand, and the net cash used in financing activities is EUR -1,914 thousand. These corrections do not affect other calculations in the report. The corrected Interim Report is available, and further information can be obtained from CEO Aarne Aktan or CFO Mikko Sairanen. Solteq is a Nordic company specializing in software solutions and expert services for the retail and energy sectors, employing over 400 professionals across several countries.

Solteq Plc has revised its financial expectations for 2024, lowering its guidance on comparable revenue, which is now expected to fall below the previous year's figure of EUR 54,183 thousand. Despite this, the company maintains its guidance on operating profit, anticipating a positive result. The revision is attributed to reduced customer demand and delays in key customer acquisitions. Solteq's Interim Report for January to September 2024 will be released on October 24, 2024. Solteq is a Nordic company providing software solutions and expert services in the retail and energy sectors, with operations in several European countries.

Solteq Plc has successfully completed a consent solicitation through a written procedure to amend the terms and conditions of its EUR 23 million senior unsecured fixed rate notes. The written procedure began on 21 August 2024 and concluded on 13 September 2024. A quorum was achieved, and the amendments were approved by the required majority of noteholders. The changes will take effect from 13 September 2024. Noteholders who voted in favor will receive a fee of 1.75% of the nominal amount of the notes they hold, to be paid by 1 October 2024. Further information can be obtained from CEO Aarne Aktan and CFO Mikko Sairanen. The amendments are attached to the stock exchange release. Solteq is a Nordic software solution provider specializing in retail, energy sectors, and e-commerce, employing over 400 professionals across multiple countries.

On September 6, 2024, Solteq Plc announced the formation of its Shareholders’ Nomination Committee, comprising representatives from its four largest shareholders as of August 30, 2024. The committee members are: - Markku Pietilä, nominated by Profiz Business Solution Oy (11.32% shares and votes) - Jukka Vähäpesola, nominated by Keskinäinen Työeläkevakuutusyhtiö Elo (10.31% shares and votes) - Karoliina Lindroos, nominated by Keskinäinen Eläkevakuutusyhtiö Ilmarinen (8.51% shares and votes) - Hanna Kaskela, nominated by Keskinäinen työeläkevakuutusyhtiö Varma (7.97% shares and votes) The committee is responsible for preparing proposals for the election and remuneration of the Board of Directors to be presented at the Annual General Meeting. These proposals will be submitted to the Board of Directors by January 31, 2025. For further information, contact CEO Aarne Aktan. Solteq Plc is a Nordic software and expert services provider with over 400 employees, operating in several countries.

Solteq Plc has initiated a written procedure to amend the terms and conditions of its EUR 23 million senior unsecured fixed rate notes. The company aims to ensure sufficient funding and operational continuity. Noteholders are requested to consent to the proposed amendments, which are expected to aid in refinancing the notes and improving profitability through cost-saving measures. A Consent Fee of 1.75% of the nominal amount of the notes will be offered to those who vote in favor by the specified deadline. A quorum requires participation from noteholders holding at least 50% of the adjusted nominal amount, and approval needs a two-thirds majority of votes cast. Noteholders must participate by 13 September 2024, and further details are available in the Request document attached to the release. If the request is not approved, the current terms will remain unchanged. The notes have been listed on Nasdaq Helsinki since October 2020.

Solteq has released preliminary financial information to assist with financing negotiations. The unaudited figures indicate a significant earnings turnaround, with a EUR 1.9 million improvement in comparable EBITDA and a EUR 2.1 million increase in the comparable operating result for the second quarter, resulting in a profitability boost of over 15% and a slightly positive operating result. CEO Aarne Aktan credits the company's renewed business strategy, enhanced operations, and cost-saving programs over the past two years for this success, along with the efforts of the personnel. The net cash flow improved by EUR 3.0 million in the first half of the year compared to the previous period. Solteq plans to publish its Half-Year Report on August 22. The company is considering initiating a written procedure to amend the terms of its EUR 23 million senior unsecured fixed-rate notes due October 1, 2024, to ensure sufficient funding and operational continuity. If this procedure is pursued, Solteq will issue a release and draft a request for Noteholders' approval, requiring at least 20% of the Adjusted Nominal Amount and a two-thirds majority of the votes cast. For further information, contact CEO Aarne Aktan or CFO Mikko Sairanen. Solteq is a Nordic software solution and expert service provider in the retail and energy sectors, operating in multiple countries with over 400 professionals.