According to the proposal, the consolidation of shares will be implemented in a book-entry system after the end of the stock exchange on 20 March 2024. The aim is to register the company’s new total number of shares in the Trade Register by the estimated date of 21 March 2024. Trading in the company’s new total number of shares is expected to commence in Nasdaq Helsinki under the new ISIN code on 21 March 2024.
Example:
If you own 60,000 Finnair shares, you will own 600 new Finnair shares after the consolidation. Even if the number of shares changes, the share of ownership will remain the same. In other words, the consolidation will not affect the value of your holdings.
If implemented, the consolidation of shares will not require any actions on the part of Finnair’s shareholders. Any trades made with Finnair Corporation’s shares (FI0009003230) between (the estimated period of) 19–20 March 2024 will be changed to Finnair Corporation’s new shares. The sales prices of the original trades will be transferred to the sales prices of the new shares. There may be delays before these sales become visible in custody. These price updates will be performed centrally in OP.
Key dates
- Finnair’s Annual General Meeting on 18 March 2024: the last day to buy Finnair’s shares before consolidation
- 20 March 2024 Record date / Consolidation date: According to the proposal, the consolidation of shares will be implemented in a book-entry system after the end of the stock exchange
- 21 March 2024 The first sales date of Finnair’s shares with a new total amount
More information about the consolidation of shares on the company’s website in the invitation to the meeting.