Relais Group to Launch Directed Share Issues for Tershine Acquisition

06:45 AM EDT, 07/31/2026 (MT Newswires) -- Relais Group (RELAIS.HE) said Friday it will issue new shares in two directed issues, with one tranche serving as partial consideration for its acquisition of a 70% stake in vehicle care brand Tershine. The vehicle life cycle services company's board approved a directed share issue without consideration of 125,383 new shares to the company itself, followed by a second directed issue of an equal number of shares to Tershine's parent company, Tershine Holding, as partial payment for the acquisition announced on July 28. The second issue takes effect once the first tranche has been admitted to trading on Nasdaq Helsinki. Under the acquisition deal, 20 million kronor of the purchase price will be paid in Relais Group shares. The shares will be issued at 14.4288 euros apiece. The first tranche of new shares is expected to be registered with the Trade Register on or about Aug. 6, with trading on Nasdaq Helsinki's main market expected to begin on or about Aug. 7.