Aiforia has a share capital of EUR 102,600. The company has four share series. The total number of shares issued is 19,973,250 shares, of which 5,520,850 are series A shares, 4,049,950 are series B shares, 5,829,250 are series C shares and 4,573,200 are series D shares.
The different share series carry different rights in distribution of funds. All Shares, regardless of the series of shares, entitle to one vote at the company’s General Meeting and are not subject to voting restrictions. The shares of the company do not have a nominal value.
The Shares have been entered in the book-entry system maintained by Euroclear Finland, and the ISIN codes of the share series are FI4000507934 (series A shares), FI4000507942 (series B shares), FI4000507959 (series C shares) and FI4000507967 (series D shares).
According to Aiforia’s Articles of Association, each holder of series D, series C and series B shares has a right at any time to demand their said shares to be converted into series A shares. The demand must be made in writing to the Board of Directors of the company. The conversion ratio is 1:1 but it will be adjusted to the extent the total number of the company’s shares changes as a result of a share split or a similar arrangement.
Aiforia's Annual General Meeting, held on 29 June 2021, resolved to combine shares of series A, series B, series C and series D into one single series of shares using a 1:1 conversion ratio so that, after the combination, Aiforia has only one new share class. The resolution of the General Meeting concerning the combination of the share series is conditional on the decision of the Company's Board of Directors to implement the resolution. After the combination of the share series and the amendment of the articles of association, all shares provide equal voting rights and rights to dividend and other distribution of capital.
Aiforia's Articles of Association include a redemption and a consent clause. Aiforia's Annual General Meeting, held on 29 June 2021, resolved to remove these clauses. The resolution is conditional on the adoption of the resolution by the Board of Directors of the Company.
Aiforia's Board of Directors resolved on 29 November 2021 at 10:00 a.m. EET to adopt the resolutions of the General Meeting concerning the combination of the share series and removal of the redemption and consent clauses when the Listing takes place. The combination of the share series as well as the removal of the redemption and consent clauses will be notified to the Trade Register in connection with notifying the registration of the New Shares to be issued in the offering or immediately before it. If the new shares are registered in more than one tranche, the combination of the share series as well as the removal of the redemption and consent clauses will be notified in connection with the first trade register notification regarding such new shares or immediately before it.
The company does not hold its own shares.