Stock exchange release
Free for publication on March 29, 2021 at 9.00 am (CEST+1)
The Board of Directors of Bittium Corporation decided on a directed share issue without consideration for the payment of the share rewards based on the Company's share-based incentive scheme to the Company's management as announced on March 24, 2021. The new shares issued, a total of 9,098 shares, have been registered in the Trade Register today, March 29, 2021. After the registration, the total number of Bittium Corporation shares is 35,702,264. The newly registered shares will be admitted to trading on the Nasdaq Helsinki stock exchange on March 30, 2021.
The decision of the directed Share Issue without consideration is based on the authorization granted to the Board of Directors by the Company's Annual General Meeting of Shareholders held on June 15, 2020.
Oulu, Finland, March 29, 2021
Bittium Corporation
Further information
Hannu Huttunen
CEO
Tel. +358 40 344 3507
Distribution
Nasdaq Helsinki Oy
Main media
Bittium
Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its over 35-year legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and services, customized solutions based on its product platforms and R&D services. Complementing its communications and connectivity solutions, Bittium offers proven information security solutions for mobile devices and portable computers. Bittium also provides healthcare technology products and services for biosignal measuring in the areas of cardiology, neurology, rehabilitation, occupational health and sports medicine. Net sales in 2020 were EUR 78.4 million and operating profit was EUR 2.1 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com
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