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Share capital development

Changes in the Number of Shares and the Share Capital

The following table sets forth a summary of the changes in the Company’s share capital and number of shares from January 1, 2017.

Each share entitles to one vote at General Meeting.

Time Arrangement Number of Shares before the arrangement Number of Shares in the arrangement Number of Shares after the arrangement Share capital (EUR) Registered(1
October 22, 2024 Share subscriptions 85 530 236 1000 85 531 236 80,000 Approx. October 31, 2024
June 14, 2024 Share subscriptions 85 445 164 85 072 85 530 236 80,000 Approx. June 26, 2024
April 25, 2024 Directed share issue 78 445 164 7 000 000 85 445 164 80,000 Approx. April 29, 2024
March 12, 2024 Options exercise 78 433 964 11 200 78 445 164 80,000 Approx. March 21, 2024
December 5, 2023 Options exercise 78 429 964 4 000 78 433 964 80,000 Approx. Dec 18, 2023
April 12, 2023 Options exercise 78 392 964 37 000 78 429 964 80,000 Approx. April 21, 2023
January 11, 2023 Options exercise 78 363 964 29 000 78 392 964 80,000 Approx. Jan 19, 2023
September 6, 2022 Options exercise 78 314 964 49 000 78 363 964 80,000 Approx. Sep 16, 2022
June 6, 2022 Options exercise 78 280 464 34 500 78 314 964 80,000 Approx. June 15, 2022
April 12, 2022 Options exercise 78 116 964 163 500 78 280 464 80,000 Approx. April 26, 2022
March 22, 2022 Directed share issue 72 535 146 5 581 818 78 116 964 80,000 March 23, 2022
June 7, 2021 Options exercise 72 366 446                 168 700                    72 535 146 80,000 Approx. June 18, 2021
April 7, 2021 Options exercise 72 234 246                 132 200                    72 366 446 80,000 Approx. April 16, 2021
March 9, 2021 Directed share issue 66 600 443 5 633 803 72 234 246 80,000 March 10, 2021
September 8, 2020 Options exercise 66 583 772 16 671 66 600 443 80,000 September 8, 2020
June 3, 2020(2 Directed share issue(3 63,685,221 2,898,551 66,583,772 80,000 June 11, 2020
June 3, 2020 Directed share issue(4 43,395,365 20,289,856 63,685,221 80,000 June 3, 2020
April 22, 2020 Options exercise(5 42,095,365 1,300,000 43,395,365 80,000 April 24, 2020
April 7, 2020 Increase in share capital(6 42,095,365 42,095,365 80,000 April 24, 2020
May 10, 2019 Directed share acquisition and nullification(7 42,995,365 (900,000) 42,095,365 2,500 November 18, 2019
June 10, 2019 Share issue(8 41,395,365 1,600,000 42,996,365 2,500 July 12, 2019
June 10, 2019 Share issue(8 35,938,020 5,457,345 41,395,365 2,500 June 25, 2019
June 21, 2018 Share issue(9 28,569,600 7,368,420 35,938,020 2,500 July 31, 2018
June 19, 2018 Directed share nullification(10 29,219,600 (650,000) 28,569,600 2,500 June 26, 2018
June 8, 2018 Bonus share issue(11 146,098 29,073,502 29,219,600 2,500 June 8, 2018
January 24, 2018 Directed share issue(12 137,998 8,100 146,098 2,500 March 13, 2018
1) The date refers to the date registered to the Finnish Trade Register.
2) The shares were subscribed for on June 9, 2020 and registered on June 11, 2020.
3) The Company’s Board of Directors resolved on June 3, 2020 on a directed share issue of 2,898,551 new shares to Danske Bank A/S, Finland Branch, acting as the stabilizing manager in connection with the initial public offering.
4) The Company’s Board of Directors resolved on June 3, 2020 on a directed share issue of 20,289,856 new shares.
5) The holders of options under the 2016 Stock Options Program exercised their options on April 22, 2020 to subscribe for 1,300,000 shares.
6) The Company’s form was changed to a public limited liability company by the Annual General Meeting of Shareholder of the additional Company on April 7, 2020, in connection with which the Company’s share capital was increased to EUR 80,000.
7) The Company’s Board of Directors resolved on May 10, 2019 on a directed share acquisition of 900,000 shares and a directed share nullification of 900,000 shares.
8) The Company’s Board of Directors resolved on June 10, 2019 to offer 10,000,000 new shares for subscription of which 7,057,345 were subscribed.
9) The Company’s Board of Directors resolved on June 21, 2018 on a share issue of 7,368,420 new shares.
10) The Company’s Board of Directors resolved on June 19, 2018 on a directed nullification of all the shares, 650,000 shares in total, owned by the Company.
11) The Company’s Shareholders resolved on June 8, 2018 on a bonus share issue of 29,073,502 new shares to the Company’s shareholders such that one (1) share entitled the holder to 199 new shares.
12) The Company’s Board of Directors resolved on January 1, 2018 on a directed share issue of 8,100 new shares.