Raisio Group

Authorisations

Authorisation to repurchase own shares

 

The Annual General Meeting on April 27, 2020 authorised the Board of Directors to decide on the repurchase of and/or accepting as pledge a maximum of 5,000,000 free shares and 1,250,000 restricted shares. The authorisation will be valid until the end of the next Annual General Meeting, but not longer than until April 30, 2021. 

Authorisation to issue shares

The AGM on March 19, 2019 authorised the Board of Directors to decide on share issues (1) by assigning a total of no more than 14,000,000 free shares that are in the Company’s possession and a total of no more than 1,460,000 restricted shares that are in the Company’s possession and (2) by issuing a maximum of 20,000,000 new free shares. The share issue authorisations were valid until  April 27, 2020.

The Board of Directors approved the bonuses paid under the share reward scheme 2017-2019 and, in order to convey the part paid in shares to key employees, decided to implement a directed share issue without payment based on the authorisation granted to the Board by the AGM of March 19, 2020. In the share issue, a total of 79,313 Raisio plc’s free shares held by the company were conveyed without consideration to the key employees within the share reward scheme. The conveyed 79,313 free shares correspond to 0.05 per cent of all Raisio plc’s shares and 0.01 per cent of all votes. The shares were conveyed to key employees on 7 April 2020.  

The AGM on April 27, 2020 authorised the Board of Directors to decide on share issues (1) by assigning a total of no more than 12,500,000 free shares that are in the Company’s possession and a total of no more than 1,460,000 restricted shares that are in the Company’s possession and (2) by issuing a maximum of 20,000,000 new free shares. The share issue authorisations will be valid until the end of the next Annual General Meeting, but not longer than until April 30, 2021