Header - hero image Report by the Board of Directors
Report by the Board of Directors 2023

Share and Share Capital

The shares of Bittium Corporation are quoted on Nasdaq Helsinki. The Company has one series of shares. All shares entitle their holders to dividends of equal value. Each share has one vote. The share does not have a nominal value. The Company’s shares have been entered into the Euroclear Finland Ltd.’s book-entry securities system.

At the end of the financial period, the fully paid share capital of the Company entered into the Finnish Trade Register was EUR 12,941,269.00, and the total number of the shares was 35,702,264. The accounting par value of the Company’s share is EUR 0.10.

Share Buy-Back Program

The Board of Directors of Bittium Corporation has decided on May 17, 2023, to launch a share buy-back program concerning Bittium’s own shares based on the authorization to repurchase own shares granted by the Annual General Meeting held on April 12, 2023.

Acquisitions of own shares started on May 19, 2023, and ended on October 3, 2023. The repurchases of the own shares began on May 19, 2023, and ended on October 3, 2023. During that period, Bittium repurchased 240,000 of its own shares for the total value of EUR 980,112.00 and an average price per share EUR 4.0838. The shares were acquired at the market price quoted at the time of acquisition in trading organized by Nasdaq Helsinki Ltd on a regulated market. The shares acquired through the buy-back program are intended to be used for meeting obligations arising from share-based rewards to the Company’s management under the Company’s current and possible future incentive arrangements.

On December 31, 2023, Bittium held 216,146 treasury shares, which corresponds to around 0.61 percent of all the shares in the Company.

Market Values of Shares

Market Values of Shares (EUR)1–12/2023
12 months
12 months
At the end of period4.813.98
Market value of the stock (MEUR)170.7141.9
Trading value of shares (MEUR)17.044.0
Number of shares traded (1,000 pcs)4,0219,346
Related to average number of shares, %11.326.2


Largest Shareholders, December 29, 2023Number
of shares
% of shares
1. Veikkolainen Erkki1,822,1125.1%
2. Ponato Oy1,501,3004.2%
3. Hulkko Juha1,419,3704.0%
4. Varma Mutual Pension Insurance Company1,365,9343.8%
5. Ilmarinen Mutual Pension Insurance Company1,296,5293.6%
6. Special Investment Fund Aktia Mikro Markka700,0002.0%
7. Skandinaviska Enskilda Banken AB698,4992.0%
8. Hildén Kai Jalmari658,0001.8%
9. Citibank Europe PLC592,8441.7%
10. Elo Mutual Pension Insurance Company503,0001.4%

At the end of December 2023, Bittium Corporation had 22,030 shareholders. The ten largest shareholders owned 29.6 percent of the shares. Private ownership was 69.6 percent. The percentage of foreign and nominee-registered shareholders was 4.0 percent at the end of December 2023.