FERRATUM OYJ : Dealings by CEO, Mr. Jorma Jokela
(Thomson Reuters ONE) -
Ferratum Group: Dealings by CEO, Mr. Jorma Jokela
Helsinki, May 23, 2017 - Ferratum Oyj (ISIN: FI4000106299, WKN: A1W9NS)
("Ferratum") disclosed earlier today a manager's transaction notification to the
Finanssivalvonta, or the Financial Supervisory Authority (FIN-FSA).
Ferratum announces that its founder and CEO, Mr. Jorma Jokela, has agreed to
sell a total of 329,500 shares at a market price of 21.49 in Ferratum. 255,500
shares were sold to the J&W Global Fin-Tech Private Equity Fund (the "Fund")
managed by J&W Partners Co., Ltd ("J&W Partners") and 74,000 shares to Danal
Co., Ltd. ("Danal"). The shares were sold by European Recruitment Company OÜ, an
entity wholly owned by Mr. Jokela.
Following the transactions, Mr. Jokela will directly and indirectly hold shares
in Ferratum as follows:
+--------+--------+------------+------------+--------+------------+------------+
|Name |Position|Holding |% interest |Shares |Holding post|% interest |
| | |prior to |prior to |sold |transaction |post |
| | |transaction |transaction | | |transaction |
+--------+--------+------------+------------+--------+------------+------------+
|Jorma |CEO |12,417,470 |57.16% |329,500 |12,087,970 |55.64% |
|Jokela | | | | | | |
+--------+--------+------------+------------+--------+------------+------------+
J&W Partners, a private equity firm based in Seoul, South Korea was co-founded
in 2014 by Mr. Christopher Wang, who joined the Board of Directors of Ferratum
on May 4, 2017. The firm's professionals have particular interest and expertise
in the financial sector (traditional and fintech) with financial and business
networks throughout the Asia-Pacific region. Following the transaction, the
Fund holds 373,817 shares, representing 1.72% of the total issued share capital
of Ferratum.
Danal was established in 1997 in South Korea and listed on the KOSDAQ Market
Division of the Korea Exchange in 2004. Danal first developed "BilltoMobile",
which provides carrier-integrated mobile commerce solutions enabling the
purchase of goods and services on PC, tablet, and mobile devices. In 2006,
Danal established its US subsidiary (Danal Inc.) in the Silicon Valley,
launching BilltoMobile services in the US with Verizon, Sprint, and T-Mobile.
Danal also has business operations in China, Taiwan, Japan, and Europe.
Following the transaction, Danal holds 74,100 shares, representing 0.34% of the
total issued share capital of Ferratum.
Jorma Jokela commented:
"We have already built a strong network of business in Europe by making
borrowing and mobile banking as easy and fast to use as possible. The Asian
banking market is also evolving rapidly and we see this market as one of the
most forward thinking and innovative digital consumer markets in the world.
We appreciate the growing international interest in Ferratum's equity story and
welcome the support of all new investors, particularly those in regions of
strategic importance to our long term ambitions."
About Ferratum Group:
Ferratum is an international provider of consumer and small business loans,
distributed and managed by mobile devices. Founded in 2005 and headquartered in
Helsinki, Finland, Ferratum is a pioneer in the fields of financial technology
and mobile lending and has expanded rapidly to operate in 24 countries.
Ferratum's customers utilize digital media to apply for consumer credit in
amounts varying between EUR 25 and EUR 20,000 and small businesses instalment
loans up to EUR 100,000 with a term of six to twelve months. Led by its
founder, Jorma Jokela, Ferratum has more than 1.6 million active and former
customers who have been granted one or more loans in the past (as at March
31, 2017).
Ferratum Group is listed on the Prime Standard of Frankfurt Stock Exchange under
symbol 'FRU.' For more information, visit www.ferratumgroup.com.
Contacts:
Ferratum Group European media enquiries:
Dr. Clemens Krause, CFO Edelman.ergo, A Daniel J Edelman Company
T: +49 172 1851355 Alexander Schmidt | Andreas Martin
F: +49 30 88715309 T: +49 69 27 13 89 26
E: clemens.krause(at)ferratum.com E: Alexander.Schmidt(at)edelmanergo.com
E: Andreas.Martin(at)edelmanergo.com
Ferratum Group UK media enquiries:
Paul Wasastjerna Smithfield, A Daniel J Edelman Company
Head of Investor Relations Alex Simmons | Brett Jacobs
T: +358 40 7248247 T: +44 20 3047 2543 | +44 20 3047 2537
F: +358 20 741 1614 E: asimmons(at)smithfieldgroup.com
E: paul.wasastjerna(at)ferratum.com E: bjacobs(at)smithfieldgroup.com
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: FERRATUM OYJ via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 23.05.2017 - 16:23 Uhr
Sprache: Deutsch
News-ID 544222
Anzahl Zeichen: 5852
contact information:
Town:
Helsinki
Kategorie:
Business News
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