Cramo Plc Stock exchange release 11 February 2020 at 9.00 am EET
Changes in Cramo Plc's financial reporting and the date of the Annual General Meeting in 2020
Cramo Plc ("Cramo") will change its financial reporting practice and will only publish a half year financial report and a financial statements bulletin in the future. Cramo will therefore not publish the business review for January-March 2020 on 28 April 2020, or the business review for January-September 2020 on 30 October 2020, as was previously announced.
In addition, the board of directors of Cramo has today resolved on postponing the Annual General Meeting of Cramo to be convened on a date announced in the future. Consequently, the Annual General Meeting of Cramo will not convene on Thursday 26 March 2020. The new board of directors to be elected in the extraordinary general meeting convened by the board of directors of Cramo today, will later resolve on a new date for the Annual General Meeting. The Annual General Meeting shall convene no later than on 30 June 2020.
Boels Topholding B.V. ("Boels") has acquired through a public tender offer more than 90 per cent of all the issued and outstanding shares and votes in Cramo. Boels has announced that its intention is to acquire all the shares in Cramo and to cause Cramo to apply for delisting of its share from Nasdaq Helsinki Ltd. The release of the half year financial report for January-June 2020 is subject to the timing of the delisting and will be published only if there is a regulatory requirement for this.
President and CEO
Mr Aku Rumpunen, CFO, tel: +358 40 556 3546, email: firstname.lastname@example.org
Nasdaq Helsinki Ltd
Cramo is one of the leading European equipment rental services companies with revenue of EUR 632 million in 2018, serving approximately 150,000 customers through around 300 depots across 11 markets with a full range of machinery, equipment and related services. Cramo enjoys solid market position in all key markets and has a strong focus on the most sophisticated customers primarily within the renovation and new-build construction, industrial and public sector end-markets. Cramo shares (CRA1V) are listed on Nasdaq Helsinki Ltd.
Read more: www.cramogroup.com, www.twitter.com/cramogroup