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Purmo Group Oyj — Investor Relations & Filings

Ticker · PURMO ISIN · FI4000507488 LEI · 743700JHE9365SIHRE72 HE Manufacturing
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Filings indexed 382 across all filing types
Latest filing 2024-07-26 M&A Activity
Country FI Finland
Listing HE PURMO

About Purmo Group Oyj

https://www.purmogroup.com/

Purmo Group is a supplier of sustainable indoor climate comfort solutions. The company specializes in comprehensive heating and cooling systems for residential and commercial buildings. Its product portfolio includes a wide range of hydronic and electric emitters such as radiators, towel warmers, and convectors, as well as embedded radiant systems like underfloor heating and cooling. Purmo Group also provides solutions for heat and cool generation, including heat pumps. The company's offerings are designed to cover the entire thermal comfort chain, from generation to distribution and emission, with a focus on energy efficiency and sustainability.

Recent filings

Filing Released Lang Actions
Project Grand Bidco (UK) Limited supplements the tender offer document relating to the public tender offer for all the shares in Purmo in light of Purmo's Board upholding its recommendation
M&A Activity Classification · 99% confidence The document is explicitly titled as the "NELJÄS TÄYDENNYSASIAKIRJA PROJECT GRAND BIDCO (UK) LIMITEDIN 16.5.2024 PÄIVÄTTYYN TARJOUSASIAKIRJAAN KOSKIEN VAPAAEHTOISTA JULKISTA KÄTEISOSTOTARJOUSTA KAIKISTA PURMO GROUP OYJ:N LIIKKEESEEN LASKEMISTA JA ULKONA OLEVISTA OSAKKEISTA" (Fourth Supplement to the Offer Document dated 16.5.2024 regarding the voluntary public cash offer for all issued and outstanding shares of Purmo Group Oyj). This document details amendments and supplements to an existing public takeover offer (Ostotarjous), specifically addressing the Board's updated recommendation following a competing bid (Kilpaileva Tarjous) from Haier. Documents related to takeover bids, mergers, or tender offers fall under the M&A Activity category. Since this is a formal supplement to a tender offer document, the most appropriate classification is TAR (M&A Activity). It is not a general regulatory filing (RNS) because it is highly specific to a takeover process.
2024-07-26 Finnish
Project Grand Bidco (UK) Limited supplements the tender offer document relating to the public tender offer for all the shares in Purmo in light of Purmo's Board upholding its recommendation
M&A Activity Classification · 100% confidence The document is explicitly titled as "THE FOURTH SUPPLEMENT DOCUMENT TO PROJECT GRAND BIDCO (UK) LIMITED'S TENDER OFFER DOCUMENT...". It details amendments and additions to an existing Tender Offer Document, specifically referencing the Finnish Securities Markets Act and discussing the recommendation by the Board of Directors regarding the Tender Offer versus a Competing Offer. A Tender Offer is a form of M&A activity, and documents directly related to the offer terms, supplements, and board recommendations concerning the offer fall under the scope of M&A Activity (TAR) or potentially Regulatory Filings (RNS) if it were a general announcement. Given the specific nature of supplementing a Tender Offer Document, the most appropriate classification is Transaction in Own Shares (POS) or M&A Activity (TAR). Since a tender offer is a direct proposal to acquire shares, TAR (Merger/Takeover Activity) is the best fit, as POS usually refers to the company buying back its own stock, not a third-party takeover bid. The document is a substantive supplement, not just an announcement of a report, so RPA/RNS is less appropriate than TAR.
2024-07-26 English
Haier Intends to Continue Negotiations with Purmo Board
M&A Activity Classification · 99% confidence The document is a press release from Purmo Group Oyj, dated 25.07.2024, titled "Purmo Group Oyj - Julkinen ostotarjous" (Public Takeover Bid). The content details a competing voluntary public cash offer made by Haier Europe Appliances Holding B.V. for Purmo's shares, comparing its offer price favorably against another bid (Project Grand Bidco). This clearly relates to a merger, acquisition, or takeover proposal. Based on the definitions, the category 'M&A Activity (Code: TAR)' is defined as: 'Announcements and documents related to merger proposals or takeover bids.' This document is a direct announcement regarding a takeover bid, making TAR the most appropriate classification.
2024-07-25 Finnish
Haier Intends to Continue Negotiations with Purmo Board
M&A Activity Classification · 100% confidence The document is a Stock Exchange Release from Purmo Group Plc dated July 25, 2024, concerning a voluntary public cash tender offer by Haier Europe Appliances Holding B.V. for Purmo's shares. This announcement details the status of the tender offer, including price points, negotiations with the board, and regulatory considerations (especially regarding US shareholders). This type of corporate action—a takeover bid or tender offer—is specifically classified under M&A Activity (TAR). It is not a standard financial report (10-K, IR, ER) or a general regulatory filing (RNS), but a specific announcement related to a takeover proposal.
2024-07-25 English
Updated statement of the Board: The Board upholds recommendation for Project Grand Bidco (UK) Limited tender offer in the absence of current sufficient key shareholder support for Haier tender offer
M&A Activity Classification · 98% confidence The document is a formal announcement from Purmo Group Oyj regarding a public takeover bid ("Julkinen ostotarjous"). It specifically discusses the Board's updated statement concerning two competing takeover offers: the original offer from Grand Bidco and a competing offer from Haier. The text details the terms, consideration, and conditions of both bids, and the Board's recommendation. This content directly relates to a takeover proposal or merger activity. According to the definitions, 'M&A Activity (Code: TAR)' covers 'Announcements and documents related to merger proposals or takeover bids.' The document is a detailed update on this M&A process, not a general regulatory filing (RNS) or a report itself (like 10-K or IR).
2024-07-24 Finnish
Updated statement of the Board: The Board upholds recommendation for Project Grand Bidco (UK) Limited tender offer in the absence of current sufficient key shareholder support for Haier tender offer
M&A Activity Classification · 98% confidence The document is a 'Stock Exchange Release' dated July 24, 2024, concerning a 'Tender offer' by Project Grand Bidco (UK) Limited for Purmo Group Plc shares. It discusses the recommendation of the Board regarding this tender offer in light of a competing offer from Haier. This content directly relates to a takeover bid or merger proposal, which falls under the definition of M&A Activity (TAR). Although it is a formal announcement, the core subject matter is the tender offer itself, not just the announcement of a report (RPA) or a general regulatory filing (RNS). The document details the terms, competing bids, and board assessment related to the takeover attempt.
2024-07-24 English

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