Treasury shares and authorizations

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Repurchasing of own share
Vaisala’s Board of Directors has decided to exercise the authorization of the 2023 Annual General Meeting to repurchase own series A shares. Purchased shares will be used as a reward payment for Vaisala’s share-based incentive plans. The maximum number of series A shares to be repurchased is 50,000 shares. The shares will be repurchased in public trading on Nasdaq Helsinki Ltd. in one or several instalments at the market price prevailing at the time of purchase. The repurchases will start on May 10, 2023, at the earliest and end on September 30, 2023, at the latest.

Vaisala will announce number of repurchases daily.

Authorization for the directed repurchase of own A shares
The Annual General Meeting authorized the Board of Directors to resolve on the directed repurchase of a maximum of 800,000 of the company's own series A shares in one or more instalments by using company's unrestricted equity. The authorization is valid until the closing of the next Annual General Meeting, however, no longer than September 28, 2024.

Authorization on the issuance of the company's own A shares
The Annual General Meeting authorized the Board of Directors to resolve on the issuance of a maximum of 935,976 company's own series A shares. The issuance of own shares may be carried out in deviation from the shareholders' pre-emptive rights (directed issue). The authorization entitles the issuance of treasury series A shares as a directed issue without payment as part of the company's share-based incentive plan. The subscription price of the shares can instead of cash also be paid in full or in part as contribution in kind. The authorization is valid until September 28, 2024. The authorization for the company's incentive program shall however be valid until March 28, 2027.

Transfer of company's treasury sh​​​ares
In March 2023, a total of 72,511 of Vaisala Corporation's treasury shares were conveyed without consideration to the 43 key employees participating in the Share-based incentive plan 2020–2022 under the terms and conditions of the plan.

This directed share issue was based on an authorization given by the Annual General Meeting held on March 29, 2022.

Following this directed share issue, the number of series A treasury shares is 135,976 (situation before start of repurchasing of own shares).