Apetit Plc: Subscription of shares in a directed share issue

Apetit Plc, Stock exchange release, 16 March 2023 at 01.30 p.m.

Apetit Plc: Subscription of shares in a directed share issue

On 15 February 2023, Apetit Plc’s Board of Directors has decided on a directed share issue against payment for personal investments in accordance with the long-term matching share plan 2023–2025 for key employees. A stock exchange release on the establishment and key terms of the programme was published on 22 February 2023.

Based on the directed share issue against payment related to the matching share plan, employees subscribed for a total of 10,000 shares in the company (APETIT). The fair value of the shares at the time of the conveyance was determined in public trading arranged by NASDAQ Helsinki Ltd based on the weighted average price on 13 March 2023. The shares were conveyed to the subscribers on 15 March 2023. The shares subscribed for in the issue were treasury shares held by Apetit Plc. After the issue, Apetit Plc holds 63,268 treasury shares.

The conveyance of the shares is based on the authorisation granted to the Board of Directors by the Annual General Meeting on 5 May 2022. On the basis of the authorisation, the Board of Directors may decide on issuing shares in one or more tranches. On the basis of the authorisation, a maximum of 600,000 new or treasury shares may be issued.

Apetit Plc

For further information, please contact:

CFO Susanna Tevä
firstname.lastname (a) apetit.fi

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier and produce high-quality vegetable oils and rapeseed expellers for feeding stuff. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2022, Apetit Group's net sales were EUR 182 million.