The share issue of Tappara’s parent company Tamhockey Oy exceeded expectations.
Tappara’s parent company Tamhockey Oy’s business is on a solid foundation. PDO
The subscription period for Tappara’s parent company Tamhockey Oy’s share issue ended on Sunday.
The club tells on their websitethat a total of more than 20,000 shares were subscribed, which clearly exceeded the minimum number of 13,000 shares. The subscription price per share was 73 euros.
– Tamhockey’s share issue was an excellent success and our good self-sufficiency will be further strengthened with the issue by more than 1.5 million euros, CEO of Tamhockey Oy Mika Aro says in the club’s press release.
– At the same time, we gained more expertise among our shareholders, which together with the accumulated buffer fund will support the development of Tappara’s sporting competitiveness and business in the future.
The share issue involved old shareholders in the general share issue and a dozen new shareholders in the simultaneous directed issue.
Tamhockey Oy intends to develop its business with the money from the share issue.
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According to the association, Tamhockey Oy’s equity was already at a very good level before the share issue. According to the company’s financial statements for the fiscal year that ended at the end of April, the equity was 4.7 million euros, although Jääkiekon SM-Liiga Oy’s share has no value in Tamhockey’s balance sheet.
According to the club, the proceeds from the share issue will be used to develop Tamhockey Oy’s business. The long-term goal is to create Tappara as Finland’s most valuable international sports entertainment brand.
– Together, we want to further develop Tappara and Finnish ice hockey in such a way that it is internationally competitive and also economically viable, says Aro.