Transfer of own shares in Finnair Plc's joint book-entry account
Finnair Plc Stock Exchange Release 10 April 2019 at 9:55 am
Finnair Plc’s Annual General Meeting made on 20 March 2019 a decision on the forfeiture of the shares registered on the joint book-entry account and the rights carried by such shares. The decision was applied to shares whose transfer into the book-entry system had not been validly requested by 4.30 pm on 20 March 2019.
Following the completion of validly requested transfers into the book-entry system the number of own shares in the joint account amounted to 16,651 corresponding 0.01 per cent of Finnair Plc’s total number of shares and votes. The provisions on company's own shares have been applied to the shares in the joint book-entry account in accordance with Companies Act.
The shares on the joint account have been transferred to Finnair Plc’s book-entry account on 9 April 2019. After the transfer the total number of own shares owned by Finnair will be 558,653, which corresponds to 0.44 per cent of Finnair Plc’s total number of shares and votes.
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Finnair is a network airline specialising in passenger and cargo traffic between Asia and Europe. Helsinki’s geographical location gives Finnair a competitive advantage, since the fastest connections between many European destinations and Asian megacities fly over Finland. Finnair’s vision is to offer its passengers a unique Nordic experience, and its mission is to offer the smoothest, fastest connections in the northern hemisphere via Helsinki and the best network to the world from its home markets. Finnair is the only Nordic network carrier with a 4-star Skytrax ranking and a member of the oneworld alliance. In 2018, Finnair’s revenues amounted to EUR 2,835 million and it carried 13.3 million passengers. Finnair Plc’s shares are quoted on Nasdaq Helsinki.