Exel Composites Oyj

Exel Composites Plc reported a manager's transaction involving Juha Honkanen, a senior manager at the company. On June 13, 2024, Honkanen subscribed to 3,627 shares of Exel Composites at a unit price of 0.23 EUR per share. The transaction was conducted outside a trading venue. For more information, contact Lilli Riikonen, Head of Investor Relations, at investor@exelcomposites.com or +358 50 351 1128. Exel Composites is a leading manufacturer of composite profiles and tubes using pultrusion and pullwinding technologies. The company provides solutions for various industries, including wind power, transportation, and infrastructure. Headquartered in Finland, Exel Composites employs over 600 people globally and is listed on Nasdaq Helsinki. More details can be found at www.exelcomposites.com.

Exel Composites Plc has completed its rights issue, offering a maximum of 94,831,552 new shares to existing shareholders. The new shares have been registered with the Finnish Patent and Registration Office, bringing the total number of issued shares to 106,728,395, of which 42,899 are held by the company. The new shares will have the same rights as existing shares and are expected to start trading on Nasdaq Helsinki on or about 17 June 2024. Exel Composites is a leading manufacturer of composite profiles and tubes, headquartered in Finland and listed on Nasdaq Helsinki. The release includes a notice that it is not an offer for sale of securities in certain jurisdictions and emphasizes the importance of reading the prospectus before making an investment decision. The company also disclaims any liability for the accuracy of the information in the release and notes that forward-looking statements are subject to risks and uncertainties.

Exel Composites Plc announced that its rights issue has been significantly oversubscribed, with subscriptions amounting to approximately 140.8% of the offered shares. The subscription period ended on June 7, 2024, and the company expects to raise about EUR 21.8 million. These funds will be used to strengthen the balance sheet, finance working capital, optimize the factory network, and support growth investments. The final results of the offering will be published around June 13, 2024, after approval by the Board of Directors. The total number of shares will increase to 106,728,395, and trading of the new shares is expected to commence on Nasdaq Helsinki around June 17, 2024. Danske Bank and Nordea Bank acted as joint global coordinators, with Borenius Attorneys Ltd and Roschier Attorneys Ltd providing legal counsel. The offering is not directed at certain jurisdictions, including the United States and others, due to legal restrictions.

Exel Composites Plc announced on 31 May 2024 that OP Fund Management Company Ltd's holding in the company has fallen below 5% of the voting rights and share capital, as per a notification received under the Finnish Securities Markets Act. Following share transactions on 30 May 2024, OP Fund Management's holding now stands at 4.23%, down from 6.39%. Exel Composites has a total of 11,896,843 shares, each entitling one vote. For more information, contact Lilli Riikonen, Head of Investor Relations, at investor@exelcomposites.com or +358 50 351 1128. Exel Composites is a leading manufacturer of composite profiles and tubes, headquartered in Finland and listed on Nasdaq Helsinki.

Exel Composites Plc reported managers' transactions on May 27, 2024. Mikko Rummukainen, the Chief Financial Officer, conducted several transactions on May 24, 2024, involving financial instruments linked to shares or debt instruments on NASDAQ Helsinki. The transactions included various volumes and unit prices, with a total volume of 3,570 and a volume-weighted average price of 0.97483 EUR. For further information, contacts are provided for Lilli Riikonen, Head of Investor Relations, and Mikko Rummukainen, CFO. Exel Composites, headquartered in Finland, is a leading manufacturer of composite profiles and tubes, serving diverse industries globally.

Exel Composites Plc reported a series of transactions by CEO Paul Sohlberg on May 24, 2024, involving the acquisition of financial instruments linked to shares or debt instruments. The transactions occurred on NASDAQ Helsinki with varying volumes and unit prices, ultimately aggregating to 5,000 units at a volume-weighted average price of 0.94132 EUR. Exel Composites is a leading manufacturer of composite profiles and tubes, utilizing advanced pultrusion and pullwinding technologies. Headquartered in Finland, the company serves a wide range of industries globally, emphasizing sustainability, resource efficiency, and improved product performance. For more information, contact Lilli Riikonen, Head of Investor Relations, or Mikko Rummukainen, CFO.

Exel Composites Plc announced a manager's transaction involving Paul Sohlberg, the CEO, on May 27, 2024. The transaction, which took place on May 24, 2024, involved the subscription of 40,000 shares at a unit price of 0.23 EUR, outside a trading venue. The company's LEI is 743700205JAMGM80QD88. For more information, contact Lilli Riikonen, Head of Investor Relations, or Mikko Rummukainen, CFO. Exel Composites is a global leader in composite profiles and tubes, leveraging advanced manufacturing technologies to serve various industries. The company is headquartered in Finland, employs over 600 professionals, and is listed on Nasdaq Helsinki.

Exel Composites Plc reported a manager's transaction on May 27, 2024. Kim Sjödahl, a senior manager at Exel Composites Oyj, subscribed to 100,000 shares at a unit price of 0.23 EUR on May 24, 2024, outside a trading venue. For further information, contact Lilli Riikonen, Head of Investor Relations, or Mikko Rummukainen, CFO. Exel Composites is a leading manufacturer of composite profiles and tubes, known for its innovative pultrusion and pullwinding technologies, serving various industries globally. The company is headquartered in Finland, employs over 600 professionals, and is listed on Nasdaq Helsinki.

Exel Composites Plc has announced a rights issue of approximately EUR 21.8 million, offering up to 94,831,552 new shares to existing shareholders at a subscription price of EUR 0.23 per share. The Finnish Financial Supervisory Authority has approved the related prospectus, available on the company's website from 24 May 2024. The subscription period for the offering will start on 24 May 2024 and end on 7 June 2024, with trading in subscription rights taking place between these dates, subject to approval from Nasdaq Helsinki. Danske Bank A/S and Nordea Bank Abp are acting as joint global coordinators of the offering, with Nordea Bank Abp also acting as the Issuer Agent.

Exel Composites Plc announced plans for a rights offering to accelerate its transformative strategy and strengthen its capital structure. The company is offering approximately EUR 21.8 million for subscription, based on pre-emptive subscription rights for existing shareholders. Up to 94,831,552 new shares will be offered at EUR 0.23 per share. The goal of the offering is to ensure sufficient working capital, accelerate necessary growth investments, optimize its factory network, and improve cash flow and profitability through debt repayments. The company has also agreed on refinancing its current bank loans with a new financing agreement of EUR 52.4 million, conditional on the completion of the offering with net proceeds of at least EUR 20 million.