SkartaNYAB Plc: The final outcome of the personnel share issue 2022

SkartaNYAB Plc
COMPANY ANNOUNCEMENT
21 July 2022 at 17:00

SkartaNYAB Plc: The final outcome of the personnel share issue 2022

On June 3, 2022, the Board of Directors of SkartaNYAB Plc decided, by virtue of an authorization granted by the Extraordinary General Meeting held on 30 September 2021, on a share issue without payment directed to the SkartaNYAB Plc personnel. In the share issue, a maximum total of 20,000 new shares in the Company were issued without payment. The Company has an especially weighty financial reason for the deviation from the shareholders’ pre-emptive subscription rights, since the personnel share issue is intended to strengthen the employees’ sense of ownership and commitment to the Company.

50 shares were offered without payment to each employee, who had a valid employment or service in the Company or its subsidiary on 15 June 2022. Additionally, the employee’s employment or service must be in force when the shares are registered on their book-entry account.

A total of 9,950 new shares were subscribed for in the personnel share issue. The Board of Directors has approved the share subscriptions. The new shares subscribed in the personnel share issue will be entered in the Trade Register on or about 28 July 2022 and the shares will be traded on Nasdaq First North Growth Market Finland together with the old shares as of 29 July 2022. After the entry of the new shares in the Trade Register, the total number of shares in the Company will be 702,651,838 shares.

The Company will cover the taxes and tax-related costs arising from the shares given to the employees on behalf of the employee.

The new shares will produce a right to dividends and other shareholder rights when the shares are entered into the Trade Register and registered on the employee’s book-entry account.