Authorizations

Authorizations

The authorizations given by the AGM on 13 April 2021 are described in detail in the stock exchange release about the AGM’s decisions.

The AGM authorized the board of directors to decide on the distribution of dividends from the company’s unrestricted equity so that the amount of dividends to be distributed does not exceed a total of EUR 0.05 per share. The authorization was used in December 2021.

The AGM authorised the board of directors to decide on the repurchase of the company’s own shares using the company’s unrestricted equity. The total maximum number of shares to be repurchased under the authorisation shall be 2 400 000 shares. The shares are repurchased in trading organized by Nasdaq Helsinki Oy at a price formed in public trading on the date of repurchase. The authorisation is valid until the end of the annual general meeting of 2022, however, for a maximum of 18 months. The authorization is unused.

The AGM authorised the board of directors to decide, in one or more tranches, on the issuance of shares as well as on the issuance of option rights and other special rights entitling to shares as referred to in chapter 10(1) of the Finnish Limited Liability Companies Act.  The total maximum number of shares to be issued under the authorisation shall be 4 800 000 shares. The authorisation is valid until the end of the annual general meeting of 2022, however, for a maximum of 18 months. Based on the authorization, 45 843 new shares have been issued for the Triton Henkilöstöpalvelut acquisition in October 2021 and 151 597 shares for the KK Valmennuskeskus acquisition in November 2021.