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Rapala VMC Corporation adds Q1 and Q3 business reviews to its financial reporting in 2026
Globenewswire· 2025-12-10 14:30
Core Points - Rapala VMC Corporation will transition to quarterly financial reporting starting in 2026 [1][2] - The company will implement a 30-day silent period prior to the release of its financial results [2] - The Financial Statements and Board of Directors' Report for 2025 will be published on April 8, 2026 [3] Financial Calendar - Financial Statement Release for 2025 is scheduled for March 11, 2026 [5] - Business Review for Q1 2026 will be published on May 13, 2026 [5] - Half-Year Financial Report for January-June 2026 is set for August 20, 2026 [5] - Business Review for Q3 2026 will be released on October 29, 2026 [5] Company Overview - Rapala VMC Group is the world's leading fishing tackle company with a significant distribution network [4] - The Group reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [4] - The company is listed on the Nasdaq Helsinki stock exchange since 1998 [4]
Rapala VMC Corporation to Redeem its Outstanding Hybrid Capital Securities Issued in 2023
Globenewswire· 2025-11-27 16:00
Core Viewpoint - Rapala VMC Corporation is redeeming its existing hybrid capital securities, reflecting a strategic financial decision to manage its capital structure effectively [3][4][5]. Group 1: Redemption of Capital Securities - Rapala VMC will redeem all outstanding Existing Capital Securities amounting to EUR 1,500,000, which is 5.00% of the initial nominal amount of EUR 30 million [4]. - The redemption will occur on December 12, 2025, at a price of 101% of the nominal amount plus any accrued interest [5]. - This redemption notice is irrevocable, and all redeemed securities will be cancelled [6]. Group 2: Company Overview - Rapala VMC Group is a leading global fishing tackle company with a significant distribution network [6]. - The company reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [6]. - The Group's brand portfolio includes well-known names such as Rapala, VMC, Sufix, and 13 Fishing, with manufacturing facilities located in Finland, France, Estonia, and the UK [6].
Rapala VMC Corporation to Redeem its Outstanding Hybrid Capital Securities Issued in 2023
Globenewswire· 2025-11-27 16:00
Core Viewpoint - Rapala VMC Corporation is redeeming its existing hybrid capital securities, reflecting a strategic financial decision to manage its capital structure effectively [3][4][5]. Group 1: Redemption of Capital Securities - Rapala VMC will redeem all outstanding Existing Capital Securities amounting to EUR 1,500,000, which is 5.00% of the initial nominal amount of EUR 30 million [4]. - The redemption will occur on December 12, 2025, at a price of 101% of the nominal amount plus any accrued interest [5]. - This redemption notice is irrevocable, and all redeemed securities will be cancelled [6]. Group 2: Company Overview - Rapala VMC Group is a leading global fishing tackle company with a significant distribution network [6]. - The company reported net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [6]. - The Group's brand portfolio includes well-known names such as Rapala, VMC, Sufix, and 13 Fishing, with manufacturing facilities located in Finland, France, Estonia, and the UK [6].
Rapala VMC Announces Final Tender Offer Results for its Outstanding Capital Securities Issued in 2023
Globenewswire· 2025-11-24 18:30
Core Viewpoint - Rapala VMC Corporation has successfully completed a tender offer for its existing hybrid capital securities, with a significant portion of the securities being tendered for purchase, indicating strong participation from holders [2][4][5]. Group 1: Tender Offer Details - The tender offer was initiated for holders of existing capital securities with a nominal amount of EUR 30 million, and the expiration deadline was set for November 24, 2025 [2][4]. - A total of EUR 28.5 million of the existing capital securities were validly tendered by holders for purchase [4]. - The purchase price for the existing capital securities is set at EUR 20,700 for every EUR 20,000 in principal amount, with accrued and unpaid interest to be paid on accepted securities [6]. Group 2: Shareholder Participation - Viellard Migeon Et Compagnie Sa, the largest shareholder of Rapala VMC, participated in the tender offer by tendering EUR 7.2 million of its holdings [7]. Group 3: Future Actions - Rapala VMC intends to utilize a clean-up call option if the adjusted nominal amount of the existing capital securities falls to 25% or less of the total issued amount, with a separate notice to be published around the settlement date [8]. - The settlement date for the tender offer is expected to be November 27, 2025, at which point all purchased securities will be cancelled [6]. Group 4: Company Overview - Rapala VMC is recognized as the world's leading fishing tackle company, with a diverse brand portfolio and a significant distribution network [10]. - The company reported net sales of EUR 221 million in 2024 and operates manufacturing facilities in multiple countries, employing approximately 1,400 people [10].
Rapala VMC Corporation’s Financial Reporting in 2026
Globenewswire· 2025-10-13 12:00
Financial Calendar - Rapala VMC Corporation will publish its financial statements and reports for 2025 on April 8, 2026 [1] - The company will observe a 30 calendar day silent period prior to the release of its financial reports [1] - The Financial Statement Release for 2025 is scheduled for March 11, 2026, and the Half Year Financial Report for January-June 2026 will be released on August 20, 2026 [3] Annual General Meeting - The Annual General Meeting is set for Thursday, April 29, 2026 [2] - The Board of Directors will convene the meeting separately [2] Company Overview - Rapala VMC Group is recognized as the world's leading fishing tackle company with the largest distribution network in the industry [2] - The Group is a global market leader in fishing lures, treble hooks, and fishing-related knives and tools [2] - Main manufacturing facilities are located in Finland, France, Estonia, and the UK [2] - The Group's brand portfolio includes prominent brands such as Rapala, VMC, Sufix, 13Fishing, and Okuma in Europe [2] - In 2024, the Group reported net sales of EUR 221 million and employs approximately 1,400 people across about 40 countries [2] - Rapala VMC Corporation has been listed and traded on the Nasdaq Helsinki stock exchange since 1998 [2]
Rapala VMC Corporation - Managers' transactions - Viellard Migeon et Compagnie SA
Globenewswire· 2025-07-29 15:30
Group 1 - Rapala VMC Corporation is a leading global fishing tackle company with a significant distribution network in the industry [3] - The company specializes in fishing lures, treble hooks, and fishing-related knives and tools, with a strong brand portfolio including Rapala, VMC, Sufix, 13Fishing, and Okuma [3] - In 2024, Rapala VMC Corporation reported net sales of EUR 221 million and employs approximately 1,400 people across 40 countries [3] Group 2 - On July 29, 2025, Viellard Migeon et Compagnie SA, closely associated with the company, acquired 370,028 shares at a unit price of EUR 1.31 on NASDAQ HELSINKI LTD [1] - The total volume of the transaction was 370,028 shares, with a volume-weighted average price of EUR 1.31 [1]
Rapala VMC Corporation establishes a new share-based incentive plan for key employees
Globenewswire· 2025-07-23 12:05
Group 1 - The Board of Directors of Rapala VMC Corporation has established a new share-based incentive plan aimed at aligning the interests of shareholders and key employees to enhance long-term company value [1] - The Performance Share Plan 2025–2029 includes three performance periods covering financial years 2025–2027, 2026–2028, and 2027–2029, with annual resolutions on performance period details [2] - The target group for the first performance period (2025–2027) consists of approximately 60 key employees, including the Management Team and CEO, with performance criteria based on Leverage, EBIT, and Total Shareholder Return [3] Group 2 - The maximum potential rewards for the 2025–2027 period correspond to 544,000 shares of Rapala VMC, with rewards paid partly in shares and partly in cash to cover taxes and social security contributions [4] - Management Team members must hold 50% of received shares until their total shareholding equals 50% of their annual base salary, while the CEO must hold 50% until their shareholding equals 100% of their annual base salary [5] Group 3 - Rapala VMC Corporation is a leading fishing tackle company with a significant distribution network, specializing in fishing lures, treble hooks, and related tools, with net sales of EUR 221 million in 2024 and approximately 1,400 employees across 40 countries [6]
Rapala VMC Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
Globenewswire· 2025-06-10 12:00
Core Viewpoint - Sycamore Partners Management, L.P. has reported a decrease in its aggregate ownership in Rapala VMC Corporation, falling below the 10% threshold as of June 9, 2025 [1]. Group 1: Shareholder Notification - Cermak Road LLC's ownership in Rapala VMC Corporation is now at 9.66%, down from a previous 14.09% [2][3]. - The total number of shares held by Cermak Road LLC is 3,754,986 [3]. Group 2: Company Overview - Rapala VMC Corporation is a leading global fishing tackle company with a net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [5]. - The company has a strong brand portfolio, including well-known brands such as Rapala, VMC, Sufix, and 13Fishing, and has been listed on the Nasdaq Helsinki stock exchange since 1998 [5].
Decisions of Rapala VMC Corporation’s Annual General Meeting and Organising Meeting of the Board of Directors
Globenewswire· 2025-05-08 13:00
Core Points - The Annual General Meeting (AGM) of Rapala VMC Corporation adopted the financial statement for the financial year 2024 and discharged the Board of Directors, CEO, and deputy CEO from liability [1] - The AGM approved the Board's proposal to not pay any dividend for the financial year 2024 [2] - The Board of Directors consists of six members, with annual fees set at EUR 25,000 for each member and EUR 70,000 for the Chairman [3] Board and Auditor Decisions - Alexander Rosenlew was elected as Chairman of the Board, and Deloitte Ltd was appointed as the company's auditor, with Jenny Lindvall as the principal auditor [4] - Deloitte Ltd was also elected as the sustainability reporting assurer, with Jenny Lindvall serving as the principal sustainability reporting assurer [5] Share Issuance and Repurchase Authorizations - The AGM authorized the Board to issue a maximum of 3,900,000 shares, representing 10% of total shares, with specific provisions for management incentives [6] - The Board was also authorized to repurchase up to 2,000,000 shares, approximately 5.13% of total shares, for various strategic purposes [7] Company Overview - Rapala VMC Group is a leading fishing tackle company with net sales of EUR 221 million in 2024 and employs around 1,400 people across approximately 40 countries [9]