IPO

The Initial Public Offering of Kreate Group Plc (“Kreate” or “the Company”) was oversubscribed and the listing was completed as planned.

The subscription price for the offer shares was EUR 8.20 per share in the institutional offering and the public offering, and EUR 7.38 per share in the personnel offering, which in total corresponds to a market capitalisation of Kreate of approximately EUR 72.9 million immediately following the offering. Demand in the offering was strong from both Finnish and international investors and the offering was multiple times oversubscribed. In the public offering, subscriptions were received from over 18,600 investors. Trading of the shares in Kreate was commenced on the pre-list of Nasdaq Helsinki Ltd on 19 February 2021 and on the on the official list of Nasdaq Helsinki on 23 February 2021.

As part of the offering, Kreate will issue 1,529,877 new shares in Kreate, corresponding to approximately 17.2 percent of the total number of outstanding shares after the offering. In addition, Intera and certain other existing shareholders in Kreate will sell 2,690,160 existing shares in Kreate.

3,513,709 offer shares will be allocated to institutional investors in Finland and, in compliance with applicable legislation, internationally outside of the United States, assuming that the over-allotment option will be exercised in full, and 651,455 offer shares will be allocated to private individuals and entities in Finland. In addition, 54,873 offer shares will be allocated to the employees of Kreate or its wholly-owned subsidiaries, as well as to members of the Board of Directors and Management Team of Kreate in Finland. Due to oversubscription, the Board of Directors of Kreate has decided to increase the number of the new shares to be offered in the personnel offering from the preliminary maximum of 17,000 new shares to the above-mentioned 54,873 new shares. Further, due to the public offering being oversubscribed multiple times, the Board of Directors of Kreate and Intera have decided to reallocate 251,455 offer shares from the institutional offering to the public offering.

Kreate will receive gross proceeds of approximately EUR 12.5 million from the offering and the sellers will receive gross proceeds of approximately EUR 27.2 million assuming that the over-allotment option will be exercised in full. The total number of outstanding shares in Kreate will increase to 8,894,772 shares and the total number of shares in Kreate (including shares held in treasury) will increase to 8,984,772. The number of shareholders after the offering will increase to more than 18,600 shareholders.