Authorizations

On February 28, 2021, the Board of Directors of the company was authorized with the unanimous resolution of the shareholders of the company to resolve upon a directed share issue with consideration. Pursuant to the authorization, up to 2,000,000 new shares can be issued in one or several instalments in deviation from the shareholders’ pre-emptive subscription right. As a part of the offering, the shares can be offered to the employees at a lower subscription price than to other investors. The authorization of the Board of Directors will remain in force until April 30, 2022.

On March 24, 2021, the Board of Directors resolved, pursuant to the above-mentioned authorization, to issue new shares. Pursuant to the authorization, the company issued 1,481,854 new shares and the number of shares increased to 17,758,854 shares.