The Board of Directors of Nixu Corporation has decided on a directed share issue without consideration

Nixu Corporation, Stock Exchange Release, June 13, 2023, 3.00 p.m. EET

The Board of Directors of Nixu Corporation (the “Company”) has on today June 13, 2023 decided on a directed share issue of 44 000 shares (the “New Shares”) without consideration to the CEO Teemu Salmi under the Matching Share Plan 2022 (the “Matching Share Plan”).

In accordance with the terms and conditions of the Matching Share Plan, the Company shall resolve to settle all share rewards under the Matching Share Plan and the Matching Share Plan shall terminate if a public tender offer has been made for all shares in the Company and the offeror has declared the tender offer unconditional above 90 percent of all the shares. On June 8, 2023, the Company announced the final result of the public tender offer (“Tender Offer") made by DNV AS, according to which the minimum acceptance condition and all other conditions to completion have been satisfied and DNV AS will complete the Tender Offer in accordance with its terms and conditions. As a result, the Company's Board of Directors has today decided on the issuance of the New Shares and stated that the Matching Share Plan has been terminated.

The decision on directed share issue and on deviation from the shareholders’ pre-emptive rights is based on the authorisation given by the Company’s Annual General Meeting held on April 19, 2022. There is an especially weighty financial reason for the directed share issue without consideration for the Company and in regard to the interests of all shareholders in the Company as the share issue is intended to implement the incentive program based on the Matching Share Plan announced by the Company on February 28, 2022 through a stock exchange release.

The number of shares to be subscribed for in the share issue is 44 000 corresponding to approximately 0.6 per cent of the shares in the Company on a fully diluted basis. Once the New Shares have been booked to book-entry account, they provide rights to dividends and to other shareholder rights.

The New Shares will be entered into the book-entry securities system maintained by Euroclear Finland Oy. The New Shares will be entered in the trade register on approximately June 15, 2023 and will be applied for public trading on Nasdaq Helsinki Oy with the Company's other shares (trading code: NIXU, ISIN code: FI0009008387) approximately as of June 19, 2023. The number of shares in the company after this share issue is a total of 7,491,219 shares.

NIXU CORPORATION                  

The Board of Directors

Further information:

CFO Janne Kärkkäinen, Nixu Corporation

Telephone: +358 40 529 4603, e-mail: [email protected]