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    FRU   FI4000106299

FERRATUM OYJ

(FRU)
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DGAP-AGM : Ferratum Oyj: Ferratum Oyj: SE Conversion and New Trade Name Approved by the Extraordinary General Meeting of Shareholders

06/10/2021 | 05:01am EDT
DGAP-News: Ferratum Oyj / Announcement of the Results of the General Meeting 
Ferratum Oyj: Ferratum Oyj: SE Conversion and New Trade Name Approved by the Extraordinary General Meeting of 
Shareholders 
2021-06-10 / 11:00 
Announcement of the Results of the General Meeting, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Ferratum Oyj: SE Conversion and New Trade Name Approved by the Extraordinary General Meeting of Shareholders 
Helsinki, 10 June 2021 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS) ("Ferratum" or "Company"). 
DECISIONS OF FERRATUM'S EXTRAORDINARY GENERAL MEETING 
Ferratum held its Extraordinary General Meeting today under special arrangements and the meeting made the following 
resolutions. 
CONVERSION OF THE COMPANY INTO A EUROPEAN PUBLIC LIMITED LIABILITY COMPANY 
Ferratum Plc has on 16 December 2020 announced that the Board of Directors had on that date resolved to approve the 
Draft Terms of Conversion of Ferratum Plc into a European Company (SE) (Terms of Conversion) and a related report ( 
Report) concerning the contemplated conversion of the Company from a Finnish public limited liability company (Plc) 
into a European public limited liability company (Societas Europaea, SE) (Conversion). 
The Terms of Conversion have been registered in the Finnish Trade Register on 18 December 2020. 
The Extraordinary General Meeting approved the Terms of Conversion and resolved on the Conversion in accordance with 
the Terms of Conversion. 
The reasons for converting the Company into an SE are strategic. While the Company was incorporated in Finland, its 
operations have since expanded across Europe and the world, and currently the Company is a multinational company having 
operative actions in several countries. The conversion into an SE, which currently is the only supranational corporate 
form available in Europe, is expected to emphasise the international reach of the Company's operations and strengthen 
its European identity. The aim is to make the group structure more transparent and leaner from governance perspective. 
The Conversion will enter into force upon its registration with the Finnish Trade Register on or about 15 June 2021. 
The Extraordinary General Meeting also resolved to amend the Company's Articles of Association as set forth in the 
Terms of Conversion, including without limitation amending the Company's trade name so as to include a new indication 
of corporate form (SE). 
APPROVAL OF A NEW TRADE NAME 
The Extraordinary General Meeting approved a new trade name for the Company. The new trade name is Multitude SE. The 
new trade name will enter into force upon its registration with the Finnish Trade Register on or about 15 June 2021. 
About Ferratum Group: 
Ferratum Group is an international provider of mobile banking and digital consumer and small business loans, 
distributed and managed by mobile devices. Founded in 2005 and headquartered in Helsinki, Finland, Ferratum has 
expanded to operate in 19 countries across Europe, South and North America, Australia and Asia. 
As a pioneer in digital and mobile financial services technology, Ferratum is at the forefront of the digital banking 
revolution. Ferratum has approximately 480,000 active customers that have an open Mobile Bank or Wallet account or an 
active loan balance in the last 12 months (as at 31 March 2021). 
Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under symbol 'FRU.' For more information, 
visit www.ferratumgroup.com. 
Contacts: 
IR@ferratum.com 
https://www.ferratumgroup.com/investors/ir-contact 
=---------------------------------------------------------------------------------------------------------------------- 
2021-06-10 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press 
Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Ferratum Oyj 
              Ratamestarinkatu 11 A 
              00520 Helsinki 
              Finland 
Phone:        +49 (0) 30 9210058-44 
Fax:          +49 (0)30 9210058-49 
E-mail:       ir@ferratum.com 
Internet:     https://www.ferratumgroup.com 
ISIN:         FI4000106299 
WKN:          A1W9NS 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 
              Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange 
 
End of News   DGAP News Service 
=------------ 

1206544 2021-06-10

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1206544&application_name=news 
 

(END) Dow Jones Newswires

June 10, 2021 05:00 ET (09:00 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -1.58% 33290.08 Delayed Quote.10.51%
FERRATUM OYJ -2.92% 5.65 Delayed Quote.11.66%
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Financials
Sales 2021 273 M 324 M 324 M
Net income 2021 6,52 M 7,74 M 7,74 M
Net Debt 2021 295 M 350 M 350 M
P/E ratio 2021 18,7x
Yield 2021 1,25%
Capitalization 122 M 145 M 145 M
EV / Sales 2021 1,53x
EV / Sales 2022 1,63x
Nbr of Employees 683
Free-Float 41,1%
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Technical analysis trends FERRATUM OYJ
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 2
Average target price 7,00 €
Last Close Price 5,65 €
Spread / Highest target 41,6%
Spread / Average Target 23,9%
Spread / Lowest Target 6,19%
EPS Revisions
Managers and Directors
NameTitle
Jorma Olavi Jokela Vice Chairman & Chief Executive Officer
Bernd Egger Chief Financial Officer
Frederik Strange Chairman
Ari Tiukkanen Chief Operations & Technology Officer
Lea Liigus Executive Director, Head-Legal & Compliance
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