Number of shares: 7,161,756
Stock option plans total: 1,337,534 (see below for details)
Option scheme | Subscription price/share | Maximum amount of option rights | Subscription period |
2016B | EUR 18.00 | 900 shares | 1 July 2019 - 15 December 2024 |
2016C | EUR 23.00 | 556 shares | 1 July 2020 - 15 December 2025 |
2018A | EUR 5.00 | 27 shares | 1 July 2022 - 15 December 2027 |
2018B | EUR 1.00 | 27 shares | 1 July 2023 - 15 December 2028 |
| 2020A | EUR 2.00 | 100,734 shares | 1 July 2022 - 15 December 2027 |
| 2020B | EUR 7.00 | 206,011 shares | 1 July 2023 - 15 December 2028 |
| 2020C | EUR 4.87 | 213,819 shares | 1 July 2024 - 15 December 2029 |
| 2023A | EUR 3.63 | 246,820 shares | 1 July 2025 - 15 December 2030 |
| 2023B | EUR 2.29 | 246,820 shares | 1 July 2026 - 15 December 2031 |
| 2023C | * | 246,820 shares | 1 July 2027 - 15 December 2032 |
| 2023H | EUR 3.63 | 37,500 shares | 1 July 2024 - 15 December 2029 |
| 2024H | EUR 2.30 | 37,500 shares | 1 July 2025 - 15 December 2030 |
* The share subscription price for stock options 2023C the trade volume weighted average quotation of the share on Nasdaq First North Growth Market Finland during twenty (20) trading days following the release date of the Company´s Financial Statements of the year 2024.
Other
| Maximum amount of special rights | Price per share | Maturity Date | |
| Brainlab Warrants | 790,000 | EUR 5.00 | 31 March 2027 |
Board of Directors authorizations outstanding total: 11,681 shares (see below extracts from AGM 2021, AGM 2022, AGM 2023 and AGM 2024 decisions; numbers and prices of shares adjusted according to the 2021 reverse split)
THE 2021 ANNUAL GENERAL MEETING OF SHAREHOLDERS AUTHORIZED THE BOARD OF DIRECTORS TO DECIDE ON SHARE ISSUES AS WELL AS ISSUES OF OPTION RIGHTS AND OTHER SPECIAL RIGHTS ENTITLING TO SHARES, PURSUANT TO CHAPTER 10 OF THE COMPANIES ACT, AS FOLLOWS:
The shares issued under the authorisation are new or those in the Company’s possession. Based on and within the limits of this authorisation, the Board of Directors can also decide on issuance(s) of option rights or other special rights set forth in Chapter 10 the Companies Act complementing or replacing issuance(s) of shares.
The new shares can also be issued to the Company itself free of charge. Share issue against payment and without payment: New shares may be issued, and treasury shares held by the Company may be transferred either against payment (Share issue against payment) or free of charge (Share issue without payment). A directed share issue can only be without payment if there is a particularly weighty financial reason for it from the Company’s point of view and taking into account the interests of all its shareholders.
Under the authorisation, a maximum of 55,000 shares may be issued, which corresponds to approximately 0,82% percent of all the shares in the Company after the share issue, provided that new shares are issued, considering all registered shares of the Company.
The shares, option rights and/or other special rights entitling to shares can be issued in one or more tranches.
The Board of Directors is authorised to resolve on all terms for the share issues and the terms for the granting of the option rights and other special rights entitling to shares. The Board of Directors is authorised to resolve on a directed share issue and issue of the special rights entitling to shares in deviation from the shareholders’ preemptive right, provided that there is a weighty financial reason for the Company to do so.
The authorisation is valid for five (5) years from the decision of the Annual General Meeting of Shareholders. The authorisation may be used for the implementation of the RSU plan for the members of the Board of Director’s and for the long-term incentive plans for the management and the personnel of the Company. The authorisation can also be used for incentive arrangements and payment of the Board fees.
ANNUAL GENERAL MEETING 2024 DECIDED ON THE EXTENSION OF THE AUTHORISATION GIVEN TO THE BOARD OF DIRECTORS AT THE ANNUAL GENERAL MEETING OF 2021, AS EXTENDED IN THE ANNUAL GENERAL MEETING 2022 AND THE ANNUAL GENERAL MEETING 2023, TO DECIDE ON ISSUANCE OF SHARES AS WELL AS ISSUANCE OF OPTION RIGHTS AND OTHER SPECIAL RIGHTS ENTITLING TO SHARES
It was decided to renew the previous authorization of the board of directors extended in 2023 at the annual general meeting and the board of directors was authorized to decide on (i) the issuance of new shares and/or (ii) the transfer of shares possessed by the company and/or (iii) the issuance of special rights referred to in chapter 10, section 1 of the Companies Act with the following terms:
Right to shares:
New shares may be issued and the Company’s own shares transferred
• to the Company’s shareholders in proportion to their current shareholdings in the Company; or
• deviating from the shareholders’ pre-emptive right through one or more directed share issues, if the company has a compelling financial reason to do so, such as the use of shares as consideration for possible acquisitions or other arrangements related to the company’s business, financing of investments.
The new shares can also be issued to the Company itself free of charge. Share issue against payment and without payment: New shares may be issued and treasury shares held by the company may be transferred either against payment (Share issue against payment) or free of charge (Share issue without payment). A directed share issue can only be without payment if there is a particularly compelling financial reason for it from the company’s point of view and taking into account the interests of all its shareholders.
The maximum number of shares:
Pursuant to the authorization, the board of directors is entitled to decide on the issuance of new shares and/or the transfer of the company’s own shares possessed by the company so that the total number of issued and/or transferred shares does not exceed 1,300,000, which corresponds to the number of remaining authorizations of the authorization decided at the annual general meeting of 2023.
Issuance of special rights: The board of directors may issue special rights referred to in chapter 10, section 1 of the Companies Act, which entitle the holder to receive new shares or the company’s own shares against payment. The right may also be granted to the company’s creditor in such a way that the right is subject to the condition that the creditor’s claim be used to set off the share subscription price (convertible bond). The number of new shares to be subscribed to under the special rights granted by the company and the number of treasury shares to be transferred held by the company may not exceed a total of 1,300,000, which is included in the maximum number mentioned above in section “Maximum number of shares”.
Recording of the subscription price in the balance sheet:
The subscription price of the new shares and the amount to be paid for the company’s own shares must be entered in the invested unrestricted equity fund.
Other terms and validity:
The board of directors decides on all other matters related to the authorizations.
The authorizations are valid until the next annual general meeting from the decision of this annual general meeting. The proposed authorization invalidates the authorization resolved at the annual general meeting of 2023 in the amount corresponding to this resolution regarding share issue, issuing of option rights and other special rights entitling to shares, but no other authorizations.
Page last updated: 5 December 2024.