Authorisations

Valid authorisations

Kojamo plc’s Annual General Meeting authorised the Board of Directors on 16 March 2022 to decide on the repurchase and/or on the acceptance as pledge of an aggregate maximum of 24,714,439 of the company’s own shares according to the proposal of the Board of Directors. The proposed amount of shares corresponds to approximately 10 per cent of all the shares of the company. The authorization shall be in force until the closing of the next Annual General Meeting, however no longer than until 30 June 2023. The authorization cancels the authorization given to the Board of Directors by the General Meeting on 17 March 2021 to decide on the repurchase of the company’s own shares.

The Board of Directors was authorized to decide on the issuance of shares and the issuance of special rights entitling to shares referred to in Chapter 10, Section 1 of the Companies Act according to the proposal of the Board of Directors. The number of shares to be issued on the basis of this authorization shall not exceed an aggregate maximum of 24,714,439 shares, which corresponds to approximately 10 per cent of all the shares of the company. This authorization applies to both the issuance of new shares and the conveyance of own shares held by the Company. The authorization shall be in force until the closing of the next Annual General Meeting, however no longer than until 30 June 2023. The authorization cancels the authorisation given to the Board of Directors by the General Meeting on 17 March 2021 to decide on the issuance of shares as well as special rights entitling to shares.

Furthermore, the Annual General Meeting authorized the Board of Directors to resolve on the payment of dividend as follows: The amount dividend to be paid based on the authorization shall not exceed EUR 1.00 per share. The authorization is valid until 31 December 2022. Unless the Board of Directors decides otherwise for a justified reason, the authorization will be used to pay dividend one time during the period of validity of the authorization. The company shall make separate announcement of such resolution and confirm the final record and payment dates in such announcement. The dividend to be paid based on a resolution of the Board of Directors will be paid to a shareholder registered in the company’s shareholders’ register maintained by Euroclear Finland Ltd on the dividend record date.

Page updated 21 March 2022