31 March, 2023

Finnair devalues with new shares issue.

The Helsinki-based financially troubled airline Finnair has confirmed that following approval from its Board of Directors, it will issue 1,324,933 new shares to the company itself without consideration. 

The total number of the company's shares after the share issue is 1,408,726,198 shares, of which 1,724,236 shares are held by the company. The shares to be issued to the company will be used for reward payments under the company's incentive plans.

The new shares have been registered with the Finnish Trade Register today, on 31 March 2023, after which the company has applied for the admission of the new shares to trading alongside the company's existing shares on the official list of Nasdaq Helsinki Ltd. The new shares will be available to trading on or about 3 April 2023.




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