AUTHORIZATIONS

Authorization of the Board of Directors to decide on the acquisition of treasury shares

The Annual Shareholders’ Meeting held on April 12, 2024 authorized the Board of Directors to decide on the acquisition of no more than 500.000 of the treasury shares using the unrestricted equity of the company representing about 1.6% of all the shares in the company. The authorization includes the right to accept treasury shares as a pledge. The authorization is valid until the Annual Shareholders’ Meeting in 2025 but not more than 18 months from the approval at the Shareholders’ Meeting.

Authorization of the Board of Directors to decide on a share issue of treasury shares

The Annual Shareholders´ Meeting held on April 12, 2024 authorized the Board of Directors to decide on a share issue, through one or several installments, to be executed by conveying treasury shares. An aggregate maximum amount of 2.500.000 shares may be conveyed based on the authorization. The authorization is valid until the Annual Shareholders’ Meeting in 2025
but not more than 18 months from the approval at the Shareholders’ Meeting.

Authorization of the Board of Directors to decide on a share issue of new shares

The Annual Shareholders' Meeting held on April 12, 2024 authorized the Board of Directors to decide on a share issue for consideration, or on a share issue without consideration for the company itself through one or several instalments. The authorization was proposed to include the right of the Board of Directors to decide on all of the other terms and conditions of the conveyance and thus also includes the right to decide on a directed share issue, in deviation from the shareholders’ pre-emptive right, if a compelling financial reason exists for the company to do so. The total number of new shares to be offered for subscription is a maximum of 2.500.000 in total. The authorization is proposed to be valid until the Annual Shareholders’ Meeting 2025, however no more than 18 months from the approval at the Annual Shareholders’ Meeting.

Authorization of the Board of Directors to decide on charitable contributions

The Annual Shareholders’ Meeting held on April 12, 2024 authorized the Board of Directors to decide on contributions in the total maximum amount of EUR 100.000 for charitable or similar purposes, and to decide on the recipients, purposes and other terms of the contributions. The authorization is valid until the Annual Shareholders’ Meeting in 2025.