Raisio : Directed Share Issue of Free Shares Pursuant to the Authorisation Granted to the Board of Directors

Raisio plc Stock Exchange Release 1 April 2021 at 8:30 a.m. Finnish time

The Board of Directors of Raisio Plc has resolved to issue a total of 1,000,000 free shares (RAIVV) held by Raisio Plc to Kavli Holding AS in a directed share issue (the "Free Shares"). The directed share issue will be carried out as a part of the corporate acquisition published today on 1 April 2021 in which Raisio acquires Verso Food Oy.

The shares will be issued as a part of the purchase price of the acquisition. The subscription price of the Free Shares is based on the trade volume weighted average exchange price of the Free Shares as of 31 March 2021, and is EUR 3.910 per share and EUR 3,910,000 in total. The subscription price for the Free Shares is paid by transferring receivables owed by Verso Food Oy to Kavli Holding AS corresponding to the aggregate subscription price of the Free Shares.

The resolution on the directed share issue is made pursuant to the share issue authorisation given by the general meeting of shareholders on 27 April 2020. The Board of Directors has concluded that there is a weighty financial reason to deviate from the pre-emptive right of the shareholders as the directed share issue enables the completion of the acquisition and it is the Board of Directors' opinion, that the acquisition of Verso Food Oy supports the company's strategy.

The conveyed shares represent approximately 0.75% of the company's free shares and approximately 0.61% of all shares in the company and 0.13% of the votes in the company conferred by all shares. Since the issued Free Shares are held by the company, the directed share issue will not affect the total amount of shares in the company, which will remain as 165,149,030 shares. After the directed share issue, the company will hold in total 6,490,445 free shares and 212,696 restricted shares.

Kavli Holding AS undertakes to comply with a 12-month lock-up period for the Free Shares during which Kavli Holding AS may not sell or otherwise transfer more than 250,000 of the Free Shares within each three-month period during the aforementioned 12-month period.

Raisio Plc

The Board of Directors

Further information:

President and CEO Pekka Kuusniemi, Raisio plc, tel. [phone]

CFO Toni Rannikko, Raisio plc, tel. [phone]

RAISIO PLC                    

Raisio is an international company specialized in healthy, responsibly produced food, ingredients and fish feeds. Our well-known brands include, for example, Benecol®, Elovena®, Sunnuntai®, Torino® and Benella®. In Raisio's products, the focus is on well-being, health, good taste and sustainable development. Profitable growth is ensured through our strong expertise and passion for creating new. Raisio's shares are listed on Nasdaq Helsinki Ltd. In 2020, the Group's net sales totaled EUR 234 million and EBIT was EUR 28 million. Raisio employs about 350 people. Our food is good for Health, Heart and Earth. For more information on Raisio go to www.raisio.com.

https://news.cision.com/raisio-oyj/r/directed-share-issue-of-free-shares-pursuant-to-the-authorisation-granted-to-the-board-of-directors,c3318920

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