Conversion of restricted shares
The Board may also convert restricted shares into free shares on request. In this case as well, the procedure may be started by using a form prepared by the company or a free-form application. Ms Eeva Hellsten prepares the issues concerning conversion (e-mail: eeva.hellsten at raisio.com).
Conversion procedure is extremely form-bound and requires i.a. the Board of Directors' decision and a trade register entry. The procedure takes 4 to 8 weeks depending on when the application has been made and received at the Company.
The Company's restricted share may be converted into a free share but a free share cannot be converted into a restricted share and this also applies to such a free share that has been converted from a restricted share.