Key Developments: eQ Oyj (EQV1V.HE)

EQV1V.HE on Helsinki Stock Exchange

3.25EUR
1 Oct 2014
Price Change (% chg)

€-0.03 (-0.91%)
Prev Close
€3.28
Open
€3.29
Day's High
€3.29
Day's Low
€3.25
Volume
3,372
Avg. Vol
14,233
52-wk High
€3.40
52-wk Low
€2.18

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Latest Key Developments (Source: Significant Developments)

eQ Oyj buys properties to eQ Care fund
Wednesday, 17 Sep 2014 03:00am EDT 

eQ Oyj:Says eQ has agreed to purchase care properties worth in a total of 65 million euros to eQ Care fund.Says eQ Asset Management Ltd and YIT Construction Ltd have agreed on a construction of five properties to eQ Care fund.Says total value of transaction is nearly 25 million euros.Says properties will be completed in 2015.Says additionally eQ Asset Management Ltd, Paatoimija Ltd, and Esperi Care Ltd agreed on implementation of 12 care properties to eQ Care fund.Says value of the 12 properties is more than 40 million euros.  Full Article

Finnish Cultural Foundation outsources management of private equity to eQ Asset Management
Tuesday, 2 Sep 2014 06:00am EDT 

eQ Oyj:Says Finnish Cultural Foundation outsources management of private equity and other alternative investments to eQ Asset Management.  Full Article

eQ elects KPMG Oy Ab as auditor; gives details on FY 2013 dividend
Thursday, 27 Mar 2014 12:45pm EDT 

eQ Oyj:Adopts the proposed FY 2013 dividend of 0.15 euro per share.Record date April 1.Dividend payment date April 8.Elects Authorised Public Accountants KPMG Oy Ab as auditor with Raija-Leena Hankonen, APA, as the auditor with main responsibility.  Full Article

eQ proposes increased dividend of EUR 0.15/share for FY 2013
Friday, 14 Feb 2014 05:00am EST 

eQ Oyj:Proposes to pay an increased dividend of 0.15 euro per share for FY 2013.Paid dividend of 0.12 euro per share for FY 2012.  Full Article

eQ Oyj's eQ Asset Management Ltd Acquires Finnreit Fund Management Company Ltd
Friday, 30 Aug 2013 02:00am EDT 

eQ Oyj announced that eQ Asset Management Ltd, which is part of eQ Group, and Finnreit Fund Management Company Ltd launched together a non-ucits fund specializing in child, elderly and other care properties in 2012. The fund is managed by Finnreit Fund Management Company Ltd. eQ Asset Management Ltd has held 50% and the company personnel 50% of the company shares. eQ Asset Management Ltd and the owners of Finnreit Fund Management Company Ltd have agreed that eQ Asset Management Ltd will acquire the entire share capital of Finnreit Fund Management Company Ltd through a deal that will be carried out on September 30, 2013. The companies have further agreed that Kari Kolu and Amos Janhunen, the sellers of Finnreit Fund Management Company Ltd’s shares and the company’s main professionals, will be working for eQ Asset Management Ltd. The eQ Care fund is the first non-ucits fund established in Finland which owns properties directly. The fund is a domestic fund as defined in the Finnish Act on Common Funds and is supervised by the Finnish Financial Supervisory Authority. At the end of June 2013, the fund capital totaled EUR 31.2 million and the fund’s investment capacity exceeded EUR 60 million.  Full Article

eQ Oyj Announces Details on FY 2012 Dividend
Thursday, 14 Feb 2013 07:20am EST 

eQ Oyj announced that its Board of Directors proposes that a fiscal year 2012 dividend of EUR 0.12 per share be paid on the record date, April 2, 2013, with the exception of own shares held by the Company on the dividend record date. The sum equivalent to the proposed dividend calculated based on the number of shares in the company on the date of the financial statement is EUR 4,355,663.76 in total. The Board proposes that dividend shall be paid on April 9, 2013.  Full Article

eQ Oyj Proposes FY 2012 Dividend of EUR 0.12 per Share
Thursday, 14 Feb 2013 07:00am EST 

eQ Oyj announced that it proposes fiscal year 2012 dividend of EUR 0.12 per share. This is unchanged from fiscal year 2011.  Full Article

eQ Oyj Executes Acquisition of Asset Management Business from Icecapital Securities Ltd
Wednesday, 2 Jan 2013 02:30am EST 

eQ Oyj announced in relation to the announcement of November 20, 2012 on acquisition of Icecapital Asset Management Ltd and its fully owned subsidiaries, excluding real estate private equity fund business, that the transaction was executed. It was stated in the stock exchange release that the acquired business is planned to be integrated into eQ Group as soon as possible by executing business transfers in early 2013, where the business of Icecapital Asset Management Ltd is transferred to eQ Asset Management Ltd and business of Icecapital Fund Management Company Ltd to eQ Fund Management Company Ltd. The abovementioned business transfers were executed on January 1, 2013, and hereinafter the asset management business of eQ Group will be run through eQ Asset Management Ltd and its subsidiaries, and accordingly the fund management business of eQ Group will be executed through eQ Fund Management Company Ltd. After the executed business transfers, Icecapital Asset Management Ltd will be merged to eQ Asset Management Ltd and Icecapital Fund Management Company Ltd will be merged to eQ Fund Management Company Ltd. during spring 2013.  Full Article

eQ Oyj Announces Completion of Co-Determination Negotiations; To Lay Off Approximately 19 People
Tuesday, 27 Nov 2012 07:00pm EST 

eQ Oyj announced that the co-determination negotiations of eQ Asset Management Ltd, eQ Fund Management Company Ltd, ICECAPITAL Asset Management Ltd and ICECAPITAL Fund Management Company Ltd, commenced on November 22, 2012, have been completed. The co-determination negotiations aimed to remove overlapping functions generated as a result of the acquisition of ICECAPITAL Asset Management Ltd and its subsidiaries which was released on November 20, 2012, and to improve competitiveness by adapting costs. As a result of the acquisition, the Company plans to execute business transfers in early 2013, where the business of ICECAPITAL Asset Management Ltd is transferred to eQ Asset Management Ltd and the business of ICECAPITAL Fund Management Company Ltd is transferred to eQ Fund Management Company Ltd. The business transfers are estimated to be executed on January 1, 2013. The negotiations concerned the plan to integrate and reorganize operations as a result of the business transfers and the possible outcome of these actions, including possible personnel reduction measures. As conclusion of the negotiations, it was clarified that the integration plans may lead to personnel reduction of 19 people at most. The original estimate was reduction of 20 people. The co-determination negotiations concerned the whole personnel of eQ Asset Management Ltd, eQ Fund Management Company Ltd, ICECAPITAL Asset Management Ltd and ICECAPITAL Fund Management Company Ltd.  Full Article

eQ Oyj Announces Reorganization, Co-Determination Negotiations and Potential Layoffs in Connection with Acquisition of ICECAPITAL Asset Management Ltd and Subsidiaries
Thursday, 22 Nov 2012 01:30am EST 

eQ Oyj (eQ) announced that as a result of the acquisition of ICECAPITAL Asset Management Ltd and its subsidiaries, eQ plans to execute business transfers in early 2013, where the business of ICECAPITAL Asset Management Ltd is transferred to eQ Asset Management Ltd and the business of ICECAPITAL Fund Management Company Ltd is transferred to eQ Fund Management Company Ltd. The business transfers are estimated to be executed on January 1, 2013. The acquired business is planned to be integrated into the eQ Group as soon as possible. For this reason eQ Asset Management Ltd, eQ Fund Management Company Ltd, ICECAPITAL Asset Management Ltd and ICECAPITAL Fund Management Company Ltd commence co-determination negotiations concerning the whole personnel of these companies. The negotiations concern the plan to integrate and reorganize operations as a result of the business transfers and the possible outcome of these actions, including possible personnel reduction measures. The co-determination negotiations are aimed to remove overlapping functions generated as a result of the acquisition and to improve competitiveness by adapting costs. The Company’s current estimate is personnel reduction of 20 person-years, at most and also possibly changes in job descriptions and other terms of employment. The co-determination negotiations concern the whole personnel of eQ Asset Management Ltd, eQ Fund Management Company Ltd, ICECAPITAL Asset Management Ltd and ICECAPITAL Fund Management Company Ltd.  Full Article

BRIEF-EQ PLC Q2 net revenue EUR 6.7 million

Aug 14 - eQ Oyj : * income from client operations increased by almost 50% and profit more than doubled * Q2 net revenue EUR 6.7 million versus EUR 4.1 million * Q2 operating profit EUR 2.7 million versus EUR 1.1 million * Source text for Eikon * Further company coverage

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