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.

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
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 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.