Orion Corporation processes share conversion
Orion Corporation has finalized the conversion of 39,400 A-shares into B-shares following a request under the company’s bylaws.
Orion Corporation announced that 39,400 of its A-class shares have been converted into an equivalent number of B-class shares. The change was formally registered in the Finnish Trade Register on August 29, 2001.
Following this transaction, the company's share structure now consists of 33,932,517 A-shares and 33,585,904 B-shares. The conversion was executed in accordance with the provisions outlined in Section 3 of the firm’s articles of association.
Share conversions are a standard administrative procedure for companies with dual-class share structures, typically reflecting shifts in shareholder preference regarding voting rights and liquidity.