Last modified: 14.5.2019

Authorisations 2019

Authorising the Board of Directors to decide on issuance of shares

The Annual General Meeting authorised the Board of Directors to make a decision on the issuance of up to 5,080,000 new shares or shares currently held by the company, in one or more paid share issues. These share issues may be either directed share issues, or share issues in accordance with the pre-emptive subscription rights of the shareholders. The authorisation can also be used for company incentive schemes. Based on the authorisation, up to 250,000 shares can be issued for incentive schemes.

The share issue authorisation of the Board of Directors is valid until the end of the next Annual General Meeting, or up until 30 June, 2020 at the latest. The proposed authorisation supersedes the previously granted share issue authorisations, but does not supersede any prior authorisations to grant special rights entitling to shares. The Board of Directors has been authorised to decide on all other terms and conditions of share issues.

Authorisation of the Board of Directors to decide on acquiring and/or pledging the company’s own shares

The Annual General Meeting authorised the Board of Directors to decide on acquiring and/or pledging the company’s own shares

The maximum total number of shares to be acquired and/or pledged is 500,000 shares, representing approximately 1.97 per cent of the total number of shares in the company. The authorisation allows for the company’s own shares to be acquired with free equity only.

The authorisation of the Board of Directors is valid until the end of the next Annual General Meeting, or up until 30 June, 2020 at the latest.

Authorisations 2018

Authorising the Board of Directors to decide on issuance of shares

The Annual General Meeting authorised the Board of Directors to decide on the issuance of up to 2,500,000 new shares or shares currently held by the company, in one or more paid share issues. These share issues may be either directed share issues or share issues in accordance with the pre-emptive subscription rights of the shareholders. The authorisation can also be used for company incentive schemes. Based on the authorisation, up to 250,000 shares can be issued for incentive schemes.

The share issue authorisation of the Board of Directors is valid until the end of the next Annual General Meeting, or up until 30 June 2019 at the latest. The proposed authorisation supersedes the previously granted share issue authorisations but does not supersede any prior authorisations to grant special rights entitling to shares. The Board of Directors has been authorised to decide on all other terms and conditions of share issues.

Authorisation of the Board of Directors to decide on acquiring and/or pledging the company’s own shares

 The Annual General Meeting authorised the Board of Directors to decide on acquiring and/or pledging the company’s own shares

The maximum total number of shares to be acquired and/or pledged is 500,000 shares, representing approximately 2 per cent of the total number of shares in the company. The authorisation allows for the company’s own shares to be acquired with free equity only.

The authorisation of the Board of Directors is valid until the end of the next Annual General Meeting, or up until 30 June 2019 at the latest.