The partial demerger of Lassila & Tikanoja plc has been registered – New Lassila & Tikanoja to be listed on Nasdaq Helsinki
Globenewswire·2025-12-31 12:00

Core Viewpoint - The partial demerger of Lassila & Tikanoja Plc has been successfully registered, leading to the establishment of a new entity, New Lassila & Tikanoja, which will be listed on Nasdaq Helsinki starting January 2, 2026 [1][2]. Group 1: Demerger Details - The demerger plan was approved on August 7, 2025, transferring all assets, debts, and liabilities related to the circular economy business to the new company without liquidation [1]. - The Demerging Company has been renamed Luotea Plc, and its shares will continue to be traded on Nasdaq Helsinki under the new ISIN code FI4000592464 and trading code "LUOTEA" [3]. - Shareholders of Luotea will receive one new share in New Lassila & Tikanoja for each share they hold in Luotea, with no shares issued for treasury shares [5]. Group 2: Trading Information - Trading of the 38,211,724 shares in New Lassila & Tikanoja will commence on January 2, 2026, under the trading code "LASTIK" and ISIN code FI4000592472 [2][4]. - The new shares will be registered in the book-entry accounts of Luotea's shareholders around January 2, 2026, allowing them to trade these shares starting on the same date [4].