Digitalist Group Plc has successfully completed the registration of the combination of shares on 15 August 2025. This involved reducing the number of shares and implementing a directed share issue without consideration, redemption of shares, and cancellation of shares. The Company now has a total of 2,773,721 shares, which have been officially registered with the Finnish Patent and Registration Office. Trading with the new total number of shares will commence on Monday, 18 August 2025, under the new ISIN code FI4000591698.
The Extraordinary General Meeting held on 13 August 2025 approved the combination of shares, with one share now corresponding to every 250 shares in the Company. Following this, the Board of Directors executed a directed share issue without consideration, transferring 636,238 of its own shares to ensure divisibility by 250. Additionally, 249 shares were redeemed for every 250 shares and subsequently canceled. The Company also canceled 205 of its own shares to maintain divisibility by 250, leaving Digitalist Group with 28,114 of its own shares.
The main objective of the share combination was to enhance trading conditions by increasing the value of individual shares and improving share price formation. This process was detailed in a stock exchange release on 13 August 2025, outlining the resolutions of the Extraordinary General Meeting. The Board of Directors made these decisions in compliance with the Finnish Limited Liability Companies Act regarding related party transactions, ensuring transparency and accountability.
In light of the share combination, the Board of Directors also made adjustments to the maximum numbers of shares available for subscription under the Company’s convertible loan instruments and the 2021 stock option program. The changes include modifications to the subscription prices under the Convertible Loans subscribed for by Turret and Holdix, as well as amendments to the stock option program.
Under the Convertible Loans 2021/1, 2021/3, 2022/1, and 2025/1, the Board of Directors set new maximum numbers of shares available for subscription and adjusted the subscription prices accordingly. Similar adjustments were made to the Convertible Loans 2021/2, 2021/4, and 2025/2 subscribed for by Holdix. Additionally, changes were implemented to the Option Rights granted under the Stock Option Program 2021, with certain option rights lapsing and modifications to the subscription prices for new shares.
Overall, the combination of shares and subsequent adjustments to subscription options demonstrate Digitalist Group’s commitment to enhancing shareholder value and optimizing trading conditions. The Company continues to uphold transparency and compliance with regulatory requirements in all its operations.