Evli Oyj

Evli Private Capital Fund I is Finland's first thematic growth equity fund focused on minority investments, targeting a size of EUR 70 million and aiming to invest in 5-8 companies in Finland and Sweden with investment sizes ranging from EUR 8-15 million. The fund intends to capitalize on the green transition, driven by global climate change investment needs estimated at $100-150 trillion by 2050. The fund will focus on sustainable development themes such as energy sector transformation, resource efficiency, and the circular economy. The investment team, led by Kalle Kekkonen and Kia Aejmelaeus, has experience in private equity investments in growth companies promoting sustainable development. The fund positions itself between early-stage Venture Capital and later-stage Buyout funds, providing not only capital but also strategic support to its portfolio companies. Evli emphasizes responsible investment principles, integrating sustainability analysis and promoting environmental and social characteristics in accordance with Article 8 of the SFDR. Evli Group, with around 300 professionals and approximately EUR 18.7 billion in client assets under management, is recognized for its expertise in responsible investment and asset management services in the Nordic region.

Evli Plc announced the composition of its Shareholders’ Nomination Board, with the four largest shareholders appointing members based on the shareholders’ register as of the last business day of August. Henrik Andersin was elected as Chairperson. The Nomination Board was established by the Annual General Meeting on March 14, 2024, to draft and present proposals regarding the Board of Directors' remuneration, number of members, and candidates for the Board to the Annual General Meeting and any Extraordinary General Meetings as needed. The Board will submit its proposals for the 2025 Annual General Meeting by January 31, 2025. The term for the current Nomination Board members will end upon the appointment of new members in 2025. Evli Plc, a leading asset manager in Finland, emphasizes responsible investing and has approximately EUR 18.7 billion in client assets under management.

Evli Plc released its Half Year Financial Report for January-June 2024, highlighting positive development across all business areas despite a challenging market environment marked by geopolitical risks, inflation fears, and economic growth concerns. Key financial performance indicators for the period show an 11% increase in net revenue to EUR 29.3 million and a 24% rise in operating profit to EUR 12.1 million. The Wealth Management and Investor Clients segment saw a 16% increase in net revenue to EUR 24.1 million, with managed client assets growing to EUR 18.7 billion. Conversely, the Advisory and Corporate Clients segment experienced a 60% decrease in net revenue to EUR 2.0 million due to corporate restructuring. CEO Maunu Lehtimäki noted strong economic growth in the United States and subdued growth in Europe. The report also mentioned the geopolitical tensions and their impact on market sentiment. Evli's strategic initiatives, including international sales and alternative investment products, showed mixed results, with net redemptions by international clients totaling EUR 30 million and sales of alternative investment products reaching EUR 82 million. Evli's commitment to responsible investing continued, with engagements in various sustainability initiatives. The company remains optimistic about its growth prospects and expects operating profit to significantly exceed the previous year's level.

Evli Plc will release its Half Year Financial Report for January-June 2024 on July 15, 2024, at approximately 2:00 pm. The report will be available on the company's website. CEO Maunu Lehtimäki and CFO Juho Mikola will present the report to investors and analysts on the same day at 3:00 pm, either in person at Aleksanterinkatu 19, Helsinki, or via webcast. Participants must register by July 11, 2024. The presentation will be in Finnish, with English materials available afterward on the website. For more information, contact Communications Manager Heidi Jääskeläinen. Evli Plc is a leading asset manager in Finland, recognized for its responsible investment expertise. The company manages approximately EUR 18.5 billion in client assets and is listed on Nasdaq Helsinki Ltd.

Evli Plc announced a transaction involving Antti Kuljukka, a member of the board, on May 29, 2024. Kuljukka acquired 1,560 shares of Evli Plc at a unit price of 19.45 EUR each on Nasdaq Helsinki Ltd. The aggregated transaction volume was 1,560 shares with a volume-weighted average price of 19.45 EUR. For additional information, contact Heidi Jääskeläinen, Communications Manager at Evli Plc. Evli Plc is a Nordic wealth management firm managing approximately EUR 18.5 billion in client assets, and its B shares are listed on Nasdaq Helsinki Ltd.

On May 2, 2024, Evli Plc announced the conversion of 20,000 Series A shares into Series B shares. This decision was approved by the Board of Directors on April 22, 2024, in accordance with Article 3 of the Articles of Association. The conversion does not change the total number of shares, which remains at 26,484,899. Post-conversion, the total number of Series A shares is 14,405,812 and Series B shares is 12,079,087. The number of votes of the company's shares after the conversion is 300,195,327. The conversions were registered on May 2, 2024 and the converted shares will be listed on the Nasdaq Helsinki alongside the old shares on May 3, 2024.

On April 23, 2024, Robert Ingman, a member of the board at Evli Plc, acquired 5000 shares of the company at a unit price of 19.7046 EUR. The transaction was conducted on NASDAQ Helsinki Ltd. Evli Plc is a leading asset manager in Finland and the best fund house in the Nordics, offering a variety of services such as mutual funds, asset management, capital markets services, and more. The company has around EUR 18.5 billion in client assets under management as of the end of the first quarter of 2024.

Senior Manager at Evli Plc, Kim Pessala, has made several transactions over three days (April 23-25, 2024) involving the disposal of shares. The shares were traded at various volumes and prices, with the majority sold at a unit price ranging from 19.45 EUR to 19.8 EUR. The transactions took place at different venues including DHEL, NASDAQ HELSINKI LTD (XHEL), and CEUX. The details of each transaction, including the volume and unit price, are specified in the report. Evli Plc is a leading asset manager in Finland, responsible for approximately EUR 18.5 billion in client assets under management.

In its Q1 2024 interim report, Evli Plc reported favourable business development and an all-time high in assets under management. Despite market uncertainty due to geopolitical risks and economic concerns, Evli's operating profit is expected to significantly exceed the previous period due to a strong market position and growth prospects. Key financial highlights include a 67% increase in net revenue to €42.9m and a 167% increase in operating profit to €25.1m. This growth is largely attributed to a strategic partnership with Bregal Milestone to expand Evli's subsidiary, Evli Alexander Incentives Oy (now Allshares Oy). Net revenue in the Wealth Management and Investor Clients segment increased by 12% to €23.3m, with client assets under management rising to €18.5bn. The Advisory and Corporate Clients segment's net revenue increased by 48% to €5.0m, driven by a strong recovery in advisory fees from M&A transactions.

Evli Plc has announced that it will publish its Interim Report for the period of January to March 2024 on April 22, 2024. The report will be available on the company's website. The CEO, Maunu Lehtimäki, and CFO, Juho Mikola, will present the report to investors and analysts on the same day. Those interested in attending the event, either in person or via webcast, need to register by April 17, 2024. The presentation will be in Finnish, but English materials will be made available afterwards. Evli Plc is a leading asset manager in Finland and the best fund house in the Nordics, with around EUR 18.0 billion in client assets under management.