Bittium Oyj Details Share History Changes Since 2015
Finnish technology company Bittium Oyj has registered multiple changes to its share capital since 2015, including share issues and stock option exercises. The most significant event was the company's name change in July 2015.
Finnish technology firm Bittium Oyj has documented a series of changes to its share capital structure dating back to 2015. The most substantial shift occurred in July 2015, when the company rebranded from Elektrobit Corporation to Bittium Corporation following the sale of its automotive business to Continental AG. This rebranding also involved a change in the company's stock ticker.
In March 2021, Bittium announced the registration of 9,098 new shares issued without consideration as rewards to the company's management under its share-based incentive scheme. This brought the total number of Bittium shares to 35,702,264. The newly registered shares were set to be traded on the Nasdaq Helsinki stock exchange the following day.
Previous years, particularly 2015 and 2016, saw several increases in Bittium's share count resulting from the exercise of stock options, primarily from the 2008C series. These exercises led to the issuance and registration of thousands of new shares, which were typically admitted for trading on Nasdaq Helsinki shortly after registration.
In October 2015, Bittium also completed a voluntary public tender offer for its own shares and stock options. This resulted in the cancellation of a significant number of shares and options, with a small batch of shares being nullified in early November after settlement delays.
These share capital adjustments reflect Bittium's ongoing corporate activities and its management of the company's ownership structure within the framework of a publicly traded entity listed on the Nasdaq Helsinki.