GlobeNewswire by notified

Inside Information: Nexstim Plc starts change negotiations to restructure into a global process organization

Share

Company Announcement, Helsinki, 9January 2023 at 9AM(EET)

Inside Information: Nexstim Plc starts change negotiations to restructure into a global process organization

Nexstim Plc (NXTMH:HEX, NXTMS:STO) ("Nexstim" or "Company") announces that it will start change negotiations due to reorganization as well as productional and financial reasons. The change negotiations are a part of the Nexstim Group global restructuring programme, and the negotiations concern all personnel and all personnel groups in Finland.

The company’s target is to restructure into a global process organization, serving its customers in a better and more efficient manner and providing its shareholders with long-term shareholder value growth. The company sees that the restructuring measures are essential to safeguard the company's productional and economical operating conditions. By streamlining its operations and reaching synergies within the Group, Nexstim Group is aiming to reach up to EUR 0.6 million annual savings from its global operations in 2023. The execution of the cost saving plan will begin immediately.

According to preliminary estimation by the Company, the change negotiations in Finland may result in indefinite lay-offs of a maximum of nine employees. The lay-off plans concern all personnel and all personnel groups. It is estimated that the change negotiations will be concluded by the end of February.

Nexstim Plc

Mikko Karvinen, CEO

Further information is available on the website www.nexstim.com, or by contacting:

Mikko Karvinen, CEO
+358 50 326 4101
mikko.karvinen@nexstim.com

The Company’s Certified Advisor is Erik Penser Bank.

About Nexstim Plc

Nexstim is a Finnish, globally operating growth-oriented medical technology company. Our mission is to enable personalized and effective diagnostics and therapies for challenging brain diseases and disorders.

Nexstim has developed a world-leading non-invasive brain stimulation technology for navigated transcranial magnetic stimulation (nTMS) with highly sophisticated 3D navigation providing accurate and personalized targeting of the TMS to the specific area of the brain.

Nexstim’s Diagnostics Business focuses on commercialization of the Navigated Brain Stimulation (NBS) system. The NBS system is the only FDA cleared and CE marked navigated TMS system for pre-surgical mapping of the speech and motor cortices of the brain.

Nexstim’s Therapy Business markets and sells the Navigated Brain Therapy (NBT®) system, which is FDA cleared for marketing and commercial distribution for the treatment of major depressive disorder (MDD) in the United States. In Europe, the NBT® system is CE marked for the treatment of major depression and chronic neuropathic pain.

Nexstim shares are listed on the Nasdaq First North Growth Market Finland and Nasdaq First North Growth Market Sweden.

For more information, please visit www.nexstim.com

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Chief People Officer, Amy Hanlon-Rodemich to leave Nokia28.3.2024 15:15:00 CET | Press release

Nokia Corporation Stock Exchange Release 28 March 2024 at 16:15 EET Chief People Officer, Amy Hanlon-Rodemich to leave Nokia Espoo, Finland – Nokia today announces that its Chief People Officer, Amy Hanlon-Rodemich, will leave the company and step down from its Group Leadership Team. A recruitment process will begin immediately for her successor and Amy will retain an advisory role during her notice period. Amy joined Nokia in 2022 and has been key to renewing the company’s people services and employee experience. “This has been a difficult decision for me to take. I’ve enjoyed my time at Nokia and am looking forward to the next chapter in my career. I wish everyone at Nokia continued success,” commented Amy. “I would like to thank Amy for her contributions to Nokia and leadership of the People organisation. I wish her all the best with her future endeavours,” said Pekka Lundmark, President and CEO of Nokia. Lorna Gibb, Vice President, Labor & Employment, will assume the role of interi

Fenix Outdoor: Fenix Outdoor International AG Årsredovisning samt Hållbarhetsrapport 202328.3.2024 15:00:00 CET | Pressemelding

Zug 2024-03-28 Press meddelande - Årsredovisning samt Hållbarhetsrapport 2023 Bifogat Års- och Hållbarhetsredovisning för 2023. Årsredovisningen skiljer sig från Q4 pressmeddelandet på en punkt. Bokslutskommuniké Årsredovisning Nyttjanderättstillgångar MEUR 130,5 MEUR 117,2 Summa tillgångar MEUR 743,2 MEUR 729,9 Skillnaden består i tillägget av ett tyskt hyreskontrakt förlängt från 2024-01-01, undertecknat 2023. Inga effekter i resultaträkningen för 2023. Bilagor feni-2023-12-31-enAnnual_Report_2023Årsredovisning_2023CSR_2023

Fenix Outdoor: Fenix Outdoor International AG Annual and CSR report 202328.3.2024 15:00:00 CET | Press release

Zug 2024-03-28 Pressrelease - Annual and CSR report 2023 Attached Annual and CSR report 2023. The annual report differs from the Q4 press release in one position. Q4 Press release Annual Report Right of Use asset MEUR 130.5 MEUR 117,2 Total Asset MEUR 743.2 MEUR 729.9 The reason for the difference is the addition of a German lease contract prolonged from 2024-01-01, signed in 2023. No effects in Income statement for 2023. Attachments feni-2023-12-31-enAnnual_Report_2023Årsredovisning_2023CSR_2023

eQ Plc Managers' Transactions – Staffan Jåfs28.3.2024 15:00:00 CET | Press release

eQ Plc Managers' Transactions 28 March 2024 at 4:00 p.m. Person subject to the notification requirement Name: Staffan Jåfs Position: Other senior manager Issuer: eQ Oyj LEI: 743700R4FA6AVH5J3D68 Notification type: INITIAL NOTIFICATION Reference number: 57077/4/4 ____________________________________________ Transaction date: 2024-03-26 Outside a trading venue Instrument type: SHARE ISIN: FI0009009617 Nature of transaction: SUBSCRIPTION (X) Linked to stock option programme Transaction details (1): Volume: 65000 Unit price: 3.62 EUR Aggregated transactions (1): Volume: 65000 Volume weighted average price: 3.62 EUR eQ Plc Additional information: Juha Surve, Group General Counsel, tel. +358 9 6817 8733 Distribution: Nasdaq Helsinki, www.eQ.fi eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institu

Exterro Hires Rick Valentine as New Chief Customer Officer28.3.2024 14:00:00 CET | Press release

Seasoned executive will focus on ensuring Exterro customers maximize the value of their investment PORTLAND, Ore., March 28, 2024 (GLOBE NEWSWIRE) -- Exterro, the leading provider of data risk management software solutions, today announced the appointment of Rick Valentine, an expert in delivering world-class customer experiences at global organizations, as its new chief customer officer. The appointment reflects Exterro’s long-term commitment to delivering an outstanding experience and return on investment to all customers using its data risk management platform. Valentine will report directly to Exterro CEO Bobby Balachandran. Valentine brings more than three decades of leadership experience to the CCO position, most recently as chief customer officer at data management company Quantum. His prior executive experience encompasses both large public enterprises and high-growth startups in the high-tech space, including Silver Peak Systems/HPE, Veritas/Symantec, and Intuit. Valentine bri

HiddenA line styled icon from Orion Icon Library.Eye