;

Shares and shareholders

In accordance with the articles of association, the shares of the company are divided into series A shares and series B shares. In accordance with the articles of association, a series A share confers three (3) votes each in a general meeting; except when electing members of the Board of Directors, a series A share confers ten (10) votes each in a general meeting and series B share confers one (1) vote each.

 
The owners of series A shares signed a mutual shareholder agreement in 2011 and the mutual shareholder agreement between the owners of series A and B shares was signed in 2014. The shareholder agreement between the owners of series A shares provides a more accurate specification of the objectives of the A shareholders concerning the operations of the company than that in the articles of association.
 
The shareholder agreement between the owners of series A and B shares secures the position of the investor shareholders. The agreement contains stipulations which require that the amendment of certain articles in the articles of association calls for the acceptance of the investor shareholders.
 
The minimum share capital of the company is 55,900,000 euros and the maximum share capital is 223,600,000 euros, within which limits the share capital may be increased or lowered without amending the articles of association. At present, the share capital is 55,900,000 euros. The maximum number of shares is 13,300. A share has no nominal value.
  
The share capital is divided as follows​ Number of shares​ ​% of shares ​% of votes
​Series A shares 2078​ ​62.49 ​83.32
Series B shares​ ​1247 ​37.51 16.68​
TOTAL​ ​3325 ​100.00 100.00​

 

​Shareholders by different categories ​Number of shares ​% of shares % of votes​
Public organisations​ ​1768 53.14 70.87
Financial and insurance institutions​ 1557 ​46.83 29.13
TOTAL​ 3325​ ​100.00 100.00​

 

 

​Shareholders Number of shares​ % of shares​ % of votes​
Republic of Finland ​1227 36.90 ​49.20
​​National Emergency Supply Agency 540 16.24 21.65
Ilmarinen Mutual Pension Insurance Company ​661 ​ 19.88 ​17.15
The State Pension Fund 1 ​0.03  0.01
​Aino Holdingyhtiö Ky 878​ ​26.41 11.74
Elo Mutual Pension Insurance Company 1 ​ 0.03 0.0​1
​Imatran Seudun Sähkö Oy 10​ 0.3​0  0.1​3
​Fennia Life Insurance Company ​6 ​0.18 ​0.08
​Pohjola Insurance Ltd​ 1​ 0.03​ 0.01​
​TOTAL 3325  100.0​0 100.00​

See also