Directed share issue to the new participants in Fiskars Ownership Plan 2023 for the company’s management and transfer of the company’s own shares
Fiskars Corporation
Stock Exchange Release
February 28, 2024 at 11.15 a.m. EET
Directed share issue to the new participants in Fiskars Ownership Plan 2023 for the company’s management and transfer of the company’s own shares
On 8 February 2024, Fiskars Corporation announced that the company’s Board of Directors decided to offer the Fiskars Ownership Plan 2023 to a few additional participants. The Board decided on a directed share issue against payment, in which a maximum total of 25,786 treasury shares held by the company are offered for subscription to the new participants of the Plan in deviation from the shareholders’ pre-emptive right. The company has a weighty financial reason for the deviation from the shareholders’ pre-emptive right since the purpose of the share issue is to encourage the new participants to acquire and own the company’s shares as a part of the Plan. The subscription period ended on 21 February 2024.
The Board has today approved the subscriptions for shares made in the directed share issue. A total of 12,894 treasury shares were subscribed for in the directed share issue. The subscription price was EUR 17.45 per share, equal to the trade volume weighted average price of Fiskars Corporation’s share on Nasdaq Helsinki Ltd during the period January 1, 2024 – January 31, 2024. The total share subscription price is EUR 225,000.30. The subscription price will be credited to the company’s reserve for invested unrestricted equity. Four key employees subscribed for shares in the share issue. As part of the Plan, the Board resolved to offer to partly finance on an arm’s length basis the subscriptions of the company’s shares by providing interest-bearing loans to the new Plan participants. The aggregate amount of finance provided by the company was EUR 151,055.
Based on the approval of the Board, a total of 12,894 Fiskars Corporation’s shares will be transferred to the subscribers on March 5, 2024 at the latest.
Trading code: FSKRS
Number of shares: 12,894
Price per share: EUR 17.45
The shares to be transferred are treasury shares held by the company, which means that the total number of shares in the company does not change. After the transfer, Fiskars Corporation holds a total of 190,033 own shares.
Further information:
Päivi Timonen, Chief Legal Officer, tel. +358 40 776 8264
About Fiskars Group
Fiskars Group (FSKRS, Nasdaq Helsinki) is the global home of design-driven brands for indoor and outdoor living. Our brands include Fiskars, Georg Jensen, Gerber, Iittala, Moomin Arabia, Royal Copenhagen, Waterford, and Wedgwood. Our brands are present in more than 100 countries and we have close to 450 own stores. We have approximately 7,000 employees and our global net sales in 2023 were EUR 1.1 billion.
We are driven by our common purpose: Pioneering design to make the everyday extraordinary. In 2024, we are celebrating our 375th anniversary. Since 1649, we have designed products of timeless, purposeful, and functional beauty, while driving innovation and sustainable growth.
Read more: fiskarsgroup.com