April 28, 2016 – Nasdaq (Nasdaq: NDAQ) announced that trading in Lehto Group Plc shares (short name: LEHTO) commenced today on the prelist of Nasdaq Helsinki. Lehto Group is a mid cap company within the Industrials sector. The company’s shares are estimated to move to the Main Market of Nasdaq Helsinki on May 2, 2016.
Lehto Group is a Finnish construction and real estate group focusing on economically driven construction. The company’s mission is to be an innovative reformer of the construction industry. The company has divided its operations into four service areas: Business Premises, Housing, Social Care and Educational Premises and Building Renovation. Lehto Group currently operates in Finland and is geographically concentrated in growth centres, which form a significant part of the construction volume. The company’s headquarters are located in Kempele. The company employed 423 people at the end of the financial year 2015.
Hannu Lehto, Managing Director of Lehto Group and a founding shareholder, commented: ”Lehto Group has grown strongly into one of the largest construction and real estate groups in Finland. The listing on Nasdaq Helsinki is a logical milestone in the company’s determined growth and development. The listing enables the successful implementation of our strategy and the financing of growth. Moreover, the listing improves the general awareness and credibility of Lehto Group among its present and new customers, partners and investors. It expands our shareholder base and we can offer the new shareholders an opportunity to participate in the future development of the company. The listing supports the financing of the most important forthcoming strategic projects and gives us a better opportunity to use our own shares to finance business acquisitions supportive to our strategy.”
“We warmly welcome Lehto Group to Nasdaq Helsinki”, said Henrik Husman, President of Nasdaq Helsinki. “We are pleased that a new construction and real estate company has decided to list on the main market of Nasdaq Helsinki. We look forward to supporting the company in all stages of their growth, and are happy to provide them with the increased visibility as well as investor awareness that come with the listing.”
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