Multitude SE’s Board of Directors proposes to relocate the company’s registered office from Finland to Malta
Helsinki, January 17, 2024 – Multitude SE, a fully regulated financial technology international growth platform (ISIN: FI4000106299, WKN: A1W9NS) (“large crowd” or “company”) announced on January 5, 2024 that it is considering relocating from Finland to Switzerland without dissolving it while maintaining its corporate status (”transfer”).
As a first step in its relocation plan to Switzerland, Multitude’s Board of Directors has proposed to transfer Multitude’s registered office from Finland to Malta in accordance with Article 8 of Council Regulation (EC) No 2157. We announced that. /On the European Enterprise (SE) Regulations of 8 October 2001 (“SE regulations”)(”transfer”).
The Board of Directors today resolved to approve the proposed transfer for purposes of transfer (“Relocation proposal”) in accordance with Article 8(2) of the SE Regulation. The proposed transfer also includes a new memorandum and articles of association for the company, which are expected to come into force concurrently with the registration of the transfer in the Malta Business Register.
The Board of Directors approved the Board Report in addition to the proposed transfer (“report”) In accordance with Article 8(3) of the SE Regulation, explain and justify the legal and economic aspects of the transfer and explain the consequences of the transfer for the company’s shareholders, creditors and employees.
The relocation proposal and report are attached as attachments to this announcement.
This transfer is made in accordance with the SE Regulation and the Finnish Law on European Companies (742/2004).
Pursuant to the proposed transfer, the company’s new registered office will be established at ST Business Center 120, GZR 1027, Gzira, Strand, Malta, and the transfer is expected to take effect on or about June 30, 2024. Completion of the transfer will require approval at a general meeting of shareholders, a notice of which will be published separately at a later date. Completion of the Transfer is also subject to other preconditions set forth in the Transfer Proposal.
As announced by the company on January 5, 2024, the company’s intention is to convert the company into a limited liability company governed by Maltese law after transferring its registered office from Finland to Malta, and subsequently filing an application. It is to do. Register the company in Switzerland in accordance with applicable Maltese and Swiss law by the end of 2024.
This release includes the following attachments:
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Transfer pursuant to Article 8(2) of Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Regulation of European Enterprises (SE) for the transfer of the registered office of Multitude SE from Finland to Malta suggestion. Dated January 17, 2024
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Report of the Board of Directors pursuant to Article 8(3) of Council Regulation (EC) No 2157/2001 of 8 October 2001 on the Regulation of European Companies (SE) on the transfer of the registered office of Multitude SE from Finland To Malta, dated 17 January 2024
contact:
Lasse Makela
Chief Strategy and IR Officer
Phone: +41 79 371 34 17
Email: Lasse.makela@multitude.com
About Multitude SE:
Multitude is a fully regulated financial technology growth platform. Its goal is to become the most valuable financial ecosystem. This vision is backed by his proven track record of over 18 years in building and scaling financial technology. Multitude enables sustainable growth and expansion of a wide range of banking and financial services through a full European banking license and deep technology, regulatory, cross-selling and financing know-how. Currently, the company has three independent business units on this growing platform. Ferratum as a consumer lender, CapitalBox as a business lender, and his SweatBank as a shopping and financial app. Multitude and its independent division employ more than 700 people in 25 countries and provide services in 16 countries, which together generated a turnover of 212 million euros in 2022. . Multitude was founded in Finland in 2005 and is listed on the Prime Standard sector of the Frankfurt Stock Exchange. It is located under the symbol “FRU”. www.multitude.com
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