In Biotie´s Annual General Meeting of April 15, 2010:
Authorisation of the Board of Directors to decide on the issuance of shares as well as the issuance of options and other rights entitling to shares
The General Meeting authorised the Board of Directors to resolve on one or more issues which contains the right to issue new shares or dispose of the shares in the possession of the company and to issue options or other rights to the shares pursuant to chapter 10 of the Companies Act. The authorisation consists of up to 80,000,000 shares in aggregate.
The authorisation does not exclude the Board of Directors' right to decide on a directed issue. The authorisation may be used for material arrangements from the company's point of view, such as financing or implementing business arrangements or investments or for other such purposes determined by the Board of Directors in which case a weighty financial reason for issuing shares, options or other rights and possibly directing a share issue would exists.
The Board of Directors was authorised to resolve on all other terms and conditions of a share issue, options and other share entitlements as referred to in chapter 10 of the Companies Act, including the payment period, determination grounds for the subscription price and subscription price or allocation of shares, option or other rights free of charge or that the subscription price may be paid besides in cash also by other assets either partially or entirely.
The authorisation is effective until 30 June 2011 and it supersedes earlier authorisations.
Stock Exchange Release
-- ---
Updated April, 2010