Purmo Group

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Purmo Q3'24 preview: The last reporting formality
Analyst Comment by
Rauli Juva

Purmo Q3'24 preview: The last reporting formality

Purmo will report its Q3 results on Tuesday. The company is now 98% owned by Grand Bidco following the tender offer in August and the redemption proceedings for the remaining shares are underway. As a result, the company will be delisted in the coming months. The Q3 report will be the last in Purmo's stock market career, and we do not believe that its contents will have any further impact on the stock.

Purmo Group
Forum discussions
The redemption price for Purmo was set at 11.98, an increase of one euro.
5/28/2025, 9:14 AM
by Critter
4
Money from Purmo arrived in the account today, i.e., €11.98/share (according to the arbitration award). Interest was not yet visible in Nordnet, at least, but according to my calculations, about €0.62/share should accrue.
6/13/2025, 8:28 AM
by MisterWiller
3
Yes, it is indeed a very small increase, when considering the total funds used for the acquisition of Purmo. Roschier’s billing is also presumably so substantial that Bidco probably doesn’t want any more invoices from that direction. However, if someone were to complain about this...
5/28/2025, 5:45 PM
by Tmpr2000
3
The arbitration court’s decision is due by May 23rd, and from that, I think it was 60 days for it to become legally binding, and payment must be made within 30 days of that, i.e., by the end of August. Provided the decision is not appealed. In that case, it could, of course, take...
4/23/2025, 6:44 PM
by Critter
3
It is certainly possible, but it’s worth remembering that we are talking about an increase of 0.8 million when the total price of the tender offer was, what, 500 million. And of course, in that case, they take the risk that minority shareholders will also appeal and a higher court...
5/28/2025, 4:53 PM
by Critter
2
The arbitration award was sent today by email to minority shareholders who had actively registered. Within two weeks, the award will be registered, and then it will likely be publicly available.
5/28/2025, 10:54 AM
by Critter
2
Possibly a silly question, but I just realized that my ownership still shows in Nordnet (in unlisted shares, of course). The latest information on the matter is from January, and I was wondering when I should expect payment? This is my first time with this kind of thing, so the practical...
4/23/2025, 6:17 PM
2
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