FIFAX Plc, Company Release, Resolutions of the General Meeting, 4 December 2023 at 12.00 EET

Decisions of the Extraordinary General Meeting of FIFAX Plc

The Extraordinary General Meeting (EGM) of FIFAX Plc ("Fifax" or the "Company") was held on 4 December 2023 at Suomitalo at the address Lönnrotinkatu 5 (3rd floor), FI-00120 Helsinki, Finland. The EGM resolved to authorize the Board of Directors to decide on the issuance of shares and on the issuance of special rights entitling to shares, as specified in Chapter 10 Section 1 of the Finnish Companies Act, in accordance with the Board of Director's proposal as follows:

The EGM resolved to authorize the Board of Directors to resolve on the issuance of a maximum of 25,000,000 new shares, which corresponds to approximately 46.1 percent of all of the outstanding shares in the Company, through a share issue and/or by issuing special rights entitling to shares, as specified in Chapter 10 Section 1 of the Finnish Companies Act (624/2006, as amended), in one or several instalments.

The Board of Directors resolves on all terms and conditions of the share issue and/or of the issue of special rights entitling to shares. The issuance of shares and special rights entitling to shares may also be carried out in deviation from the shareholders' pre-emptive rights (directed issue), if there is a weighty financial reason for the Company to do so in accordance with the Finnish Companies Act.

The authorization is valid until the end of the next Annual General Meeting, however expiring at the latest on 30 June 2024.

The authorization does not revoke or replace any previous authorizations granted to the Board of Directors regarding the issuance of shares or special rights entitling to shares.

Minutes of the EGM

The minutes of the EGM will be available on the Company’s website www.fifax.ax/egm as of 18 December 2023 at the latest.

For more information:

Samppa Ruohtula
CEO, FIFAX Plc
+358 40 559 8812
samppa.ruohtula@fifax.ax

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

Fifax in brief

Fifax’s vision is to be a forerunner in large-scale sustainable fish farming with a minimal impact on the environment, so that locally and sustainably produced fish can be enjoyed by its customers all year round.

Established in 2012, Fifax utilizes ultra-intensive Recirculating Aquaculture Systems (RAS) technology based on the principle of an almost completely closed water circulation within the facility, where the fish live in large land-based indoor tanks. Indoor tanks better safeguard against external factors, and the environmental impact and pollution from the facility is significantly lower when compared to traditional fish farming in water bodies.

FIFAX Plc’s shares have been listed in Nasdaq First North Growth Market Finland.