Subscription of Shares with Stock Options 2019-2A, 2021-2A and 2021-2B

Betolar Plc

Company Release 27 September 2023 at 11.45 AM EEST

Subscription of Shares with Stock Options 2019-2A, 2021-2A and 2021-2B

Altogether 55,292 new shares in Betolar Plc (”Company”) have been subscribed with stock options 2019-2A, 2021-2A and 2021-2B by 14 August 2023. The subscription price, a total of EUR 65,744.00, has been booked in the invested non-restricted equity.

The subscribed new shares have been registered with the Trade Register on 27 September 2023. After the registrations, the total number of shares in the Company is now 19,606,882 shares.

The new shares will be subject to trading at the First North Growth Market Finland, maintained by Nasdaq Helsinki Ltd, together with the pre-existing shares approximately as of 28 September 2023.

Additional information on the stock option programs is available in the Company’s listing prospectus published on 26 November 2021, https://www.betolar.com/ipo

Betolar Plc

Further enquiries 

Riikka Ylikoski, CFO, Betolar Plc, +358 40 828 2632

Certified Adviser: Aktia Alexander Corporate Finance Oy, +358 50 520 4098

About Betolar

Betolar Plc is a Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime solution. The solution converts industrial side streams into a cement substitute.

Betolar's artificial intelligence innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes, supporting solution development with advanced analytics, and creating global markets for side streams. Betolar’s mission is to help reduce CO2 emissions and the use of virgin resources.

Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. Read more: www.betolar.com