TVO's share capital on December 31, 2018 was EUR 600.4 (606.2) million.
The Company has 1,394,283,730 (1,394,283,730) shares, of which 680,000,000 belong to the A series, 680,000,000 to the B series and 34,283,730 to the C series. The A series shares entitle to electricity generated at the OL1 and OL2 units and the B series shares to the electricity generated at the OL3 unit. The C series owners have right to acquire electricity generated by TVO's share of the Meri-Pori coal-fired power plant.
At TVO's Extraordinary General Meeting (EGM) held in June 2018, TVO and its shareholders agreed on ownership arrangements of shares entitling to a share of Meri-Pori power plant's production capacity. TVO will relinquish its share in Meri-Pori in full in the beginning of July 2020. Because of the arrangements the EGM decided to amend the Articles of Association by removing all provisions pertaining Meri-Pori shares and to reduce the share capital by the proportionate amount of share capital allocated to these shares (class C shares.) The amendments of the Articles of Association were registered at the same time as the decrease in the share capital is registered in October 2018. The other amendments to the Articles of Association will be registered when the cancellation of class C shares is registered.
