Share capital

Board authorisations


Repurchase of own shares: The AGM of 18 March 2021 authorised the Board of Directors to resolve on the repurchase of no more than 3,500,000 of the company’s own shares amounting in total to approximately 4.8 per cent of the total number of the shares of the company at the date of the general meeting. These shares will be bought back using distributable earnings from unrestricted equity. The authorisation is valid until the end of the next annual general meeting, however, no longer than 18 months from the date of the general meeting.

Share issue: The AGM of 18 March 2021 authorised the Board to resolve on issuing a maximum of 7,200,000 new shares or transferring the company’s own shares, amounting in total to approximately 9.8 per cent of the total number of the shares of the company. The Board of Directors is authorised to resolve on all the conditions of the issuance of shares. This authorisation is valid until the end of the next annual general meeting, however, no longer than 18 months from the date of the general meeting.

On 11 February 2021, the Board decided on transferring the company’s own shares as specified in the rules of the LTI plan 2018–2020. A total of 45,659 shares were transferred to 33 plan members.

Own shares
The company holds 139,307 of its own shares.