Orion converts 1.7 million A-shares to B-shares
Orion Oyj has converted 1.7 million of its A-class shares into B-class shares. The change was formally entered into the trade register on April 30, 2010.
In accordance with its articles of association, Orion Oyj has converted 1,700,000 A-shares into an equal number of B-shares. The transaction was officially recorded in the Finnish trade register on April 30, 2010.
Following this conversion, the total number of shares in Orion remains 141,257,828. This total now comprises 49,440,668 A-shares and 91,817,160 B-shares.
This reclassification affects the distribution of voting rights within the company, as A and B shares carry different voting weights at shareholder meetings. The company has not provided further details regarding the specific motivation behind this strategic adjustment of its share structure.