Enedo – Rights Issue and Directed Issue

We assisted Enedo Plc and lead manager UB Securities Ltd in a rights issue and directed issue.

Approximately 157% of the offered shares were subscribed for in the rights issue, and all of the offered shares were subscribed for in the directed issue. Enedo received gross proceeds of approximately EUR 12.0 million from the issues.

‘An oversubscribed issue tells of strong confidence in the company’s turnaround programme and new profitable future’, says Enedo’s President and CEO Vesa Leino.

Enedo is a designer and producer of high-quality electronic power supplies and systems. The group’s revenue was EUR 38.5 million in 2020 and it has 354 employees.

Enedo’s main functions are located in Finland, Italy, Tunisia and USA. The group’s head office is in Finland and parent company Enedo Plc is listed on Nasdaq Helsinki Oy.