Authorizations

Current share issue authorizations

On April 20, 2023, the company’s General Meeting authorized the Board of Directors to decide on the share issue as well as provision of special rights entitling to shares. The General Meeting resolved to authorize the Board of Directors to decide on issuing at most a total of 7,480,000 shares or issuing special rights entitling to shares, in accordance with Chapter 10, Section 1 of the Limited Liability Companies Act, in one or more instalments while the authorization remains in effect. The Board of Directors can decide to issue new shares or shares owned by the company. The maximum amount of the authorization corresponds to approximately 20% of the company’s total shares.

The authorization can be used to develop the company’s capital structure, expand its ownership, fund or implement acquisitions or other arrangements, implement a share-based remuneration scheme, or for other purposes decided upon by the Board of Directors.

The authorization includes the Board of Directors’ right to decide on all conditions of share issuance and provision of special rights in accordance with Chapter 10, Section 1 of the Limited Liability Companies Act, including shares or recipients of special rights entitling to shares, and the consideration to be paid. The authorization includes the right to issue shares or special rights in deviation from the pre-emptive subscription right of shareholders, according to the prerequisites defined in the law.

The authorization is valid until the next Annual General Meeting, but no later than June 30, 2024, and it ends the corresponding authorization granted to the Board of Directors during the Annual General Meeting on April 21, 2022.