Raisio plc’s share classes are restricted shares and free shares. Both share classes are listed on Nasdaq Helsinki Ltd in the public trading under the sector Consumer Goods and sub-industry of Food Products. The company’s free shares are quoted in the Mid Cap segment (the trading code for free shares is RAIVV and the ISIN code FI 0009002943) and the restricted shares on the Prelist (the trading code for restricted shares is RAIKV and ISIN code FI 0009800395).
Free and restricted shares have an equal entitlement to equity and profits. The difference is that at the (Annual) General Meeting, each restricted share entitles the holder to 20 votes and each free share to one vote. No shareholder’s shares are entitled to vote with more votes than one tenth of the total number of votes of the shares represented at the Meeting (Item 9 in the Articles of Association).
More detailed explanations of the consent procedure for restricted shares and share conversion can be found below.
The restricted shares whose owner has changed based on share purchase or a gift, are first entered in the waiting list in the new owner’s name. The new owner has three options:
You can keep the shares as restricted shares on the waiting list
You can apply for consent on the basis of being a full-time farmer
You can apply for the conversion of restricted shares into free shares
Restricted shares that have been acquired through marital right, executive auction or from a bankrupt’s estate, they will also first be entered in the waiting list in the new owner’s name. In order to have the right to vote with the restricted shares, the new owner is not required to apply for the Board’s consent. However, the company shall be given an adequate explanation of this so that the company is able to notify Euroclear Finland Ltd, which maintains the company’s list of owners, that the said restricted shares can be entered in the shareholder register. Registration requires, however, that the restricted shares in question were already registered in the shareholder register in the name of the previous owner.
If the restricted shares were not in the shareholder register in the previous owner’s name, but instead on the waiting list, the new owner can either keep the shares on the waiting list, apply for consent on the basis of being a full-time farmer or apply for conversion of shares into free shares (see instructions above).
All applications can be made either with digital forms (Nordic online banking codes required), or with printable pdf forms which shall be signed and delivered to the below address. Further information is available from the company’s Shareholder Services.
Raisio plc, Shareholder Services,
P.O. Box 101, 21201 RAISIO, FINLAND
Tel. +358 2 443 2111
Euroclear Finland Ltd is by law responsible to maintain the shareholder register for and on behalf of the companies whose shares are linked to the book-entry system.
Raisio plc’s share register is divided into shareholder register and waiting list. Shares in the shareholder register give their owner all the rights prescribed by law and the articles of association – the most important of these rights being the right to dividend and the right to participate and vote in general meetings. The ownership of shares on the waiting list entitles e.g. to dividend and produces preferential right in the issue of shares, but it does not produce the right to participate and vote in general meetings.
The restricted shares whose owner has changed are always first entered in the waiting list in the new owner’s name. This is the procedure regardless of the how the restricted shares were obtained or whether the new owner already has restricted shares in the shareholder register. As a result of such a change of ownership, restricted shares entered in the waiting list also remain on the waiting list until they are either entered in the shareholder register as restricted shares based on the consent procedure or converted into free shares.