Betolar Plc

Company Release

17 October 2022 at 10:15 PM EEST

Subscription of Shares with Stock Options 2021-1

Altogether 14 424 new shares in Betolar Oyj ("Company") have been subscribed with stock options 2021-A1 and 2021-B1 on 13 September 2022. The subscription price, a total of EUR 18,960.00, has been booked in the invested non-restricted equity.

The subscribed new shares have been registered with the Trade Register on 17 October 2022. After the registrations, the total number of shares in the Company is now 19 531 770 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 18 October 2022.

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 several previously unused, massive industrial by-products into a cement substitute.

Betolar's innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes. Betolar's mission is to reduce CO2 emissions and the use of virgin natural resources in construction.

Betolar was founded in 2016 and is headquartered in Kannonkoski, Finland. For more information, visit www.betolar.com/