Authorisations

The Company’s Annual General Meeting resolved on 10 May 2021 to authorise the Board of Directors to decide on the issuance of new shares as well as conveyance of shares held by the Company in one or more instalments against or without payment, and the issuance of special rights entitling to shares referred to in Chapter 10, Section 1 of the Finnish Companies Act by one or several decisions. The number of shares that may be issued pursuant to the authorisation and the number of shares that may be issued or conveyed by virtue of the authorisation to issue special rights entitling to shares cannot exceed 4,500,000 shares. The authorisation is valid until 10 May 2026.

The Company’s Annual General Meeting resolved on 10 May 2021 to authorise the Board of Directors to decide on the repurchase of the Company’s own shares in one or several tranches. The number of the Company’s own shares that may be repurchased by virtue of the authorisation cannot exceed 4,500,000 shares. Only the unrestricted equity of the Company can be used for repurchasing own shares on the basis of the authorisation. Under the authorisation, a shareholder can convey shares back to the Company against or without payment. Own shares can be repurchased for at most at the price formed for shares in public trading or at the price otherwise formed on the market on the purchase day. The authorisation given to the Board of Directors includes the right to decide on how own shares are repurchased. Own shares can be repurchased otherwise than in proportion to the shareholdings of the shareholders. The authorisation is valid until 10 November 2022.