Glaston Oyj: Inside information: Glaston plans a reverse share split

Glaston Corporation plans to reduce the number of all shares in the Company through a reverse share split procedure so that each two (2) shares shall be merged into one (1) share. The Board of Directors of Glaston proposes the reverse share split to the Annual General Meeting to be held on 16 April 2025. The proposal by the Company's Board of Directors in its entirety shall be presented in the notice convening the Annual General Meeting to be published on 27 February 2025. The reverse share split is proposed to be executed in the second quarter of 2025 and prior to the return of capital to be distributed to the Company's shareholders.

The purpose of merging the shares is to increase interest in the Company's shares, to facilitate trade in the shares, and to increase flexibility in connection with a possible distribution of funds. The Board of Directors thus holds that merging the shares is in the interest of the Company and all of its shareholders and that the Company therefore has a weighty financial reason for the reverse share split and the related redemption of shares. The reverse share split does not affect the Company's equity. The reverse split requires the approval by the Annual General Meeting. 

If the annual general meeting resolves on the reverse share split, the Board of Directors will amend the Company's share-based incentive schemes to reflect the reverse split.

Glaston Corporation
The Board of Directors

For further information, please contact:

CEO Toni Laaksonen, tel. +358 10 500 500

Glaston in brief

Glaston is the glass processing industry's innovative technology leader supplying equipment, services and solutions to the architectural, mobility, display and solar industries. The company also supports the development of new technologies integrating intelligence to glass.

Glaston is committed to providing its clients with both the best know-how and the latest technologies in glass processing, with the purpose of building a better tomorrow through safer, smarter, and more energy efficient glass solutions. Glaston operates globally with manufacturing, services and sales offices in nine countries and its shares (GLA1V) are listed on Nasdaq Helsinki Ltd.

 Distribution: Nasdaq OMX, key media, www.glaston.net