Bittium Corporation
Other information disclosed according to the rules of the Exchange

The Board of Directors of Bittium Corporation Has Decided on the Distribution of Extraordinary Dividend

Bittium Corporation, Stock Exchange Release, October 18, 2024, at 8.00 am (CEST+1)

In accordance with the proposal of the Board of Directors, the Annual General Meeting held on April 10, 2024, decided that, based on the balance sheet for the financial year January 1, 2023 – December 31, 2023, a dividend of EUR 0.03 per share will be distributed. The dividend was paid to a shareholder who, on the record date for the dividend payment, April 12, 2024, was registered in the company´s shareholders´ register maintained by Euroclear Finland Ltd. The dividend was paid on April 19, 2024.

The Annual General Meeting furthermore authorized the Board of Directors to decide, at its discretion, on the distribution of an extraordinary dividend of EUR 0.03 per share, by October 31, 2024. The Board of Directors has decided to distribute the extraordinary dividend of EUR 0.03 per share with the authorizations granted to it by the Annual General Meeting. The dividend will be paid to a shareholder who, on the record date for the dividend payment, October 22, 2024, is registered in the company´s shareholders´ register maintained by Euroclear Finland Ltd. The dividend will be paid on October 29, 2024.

The Board of Directors evaluated that this discretionary extraordinary dividend can be paid, since there has been no significant deterioration in the business environment during 2024.

All the shares in the company are entitled to the dividend, except for own shares possibly held by the company on the dividend record date.

The minutes of the Annual General Meeting is available on the Bittium Corporation’s website at https://www.bittium.com/agm.

In Oulu, October 18, 2024

Bittium Corporation
The Board of Directors
 

Further information:

Johan Westermarck
CEO
Tel. +358 40 344 2789 (group communications)

Kari Jokela
CLO
Tel. +358 40 344 2789 (group communications)

Distribution

Nasdaq Helsinki Oy
Main media

Bittium

Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its over 35-year legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and services, customized solutions based on its product platforms, and R&D services. Complementing its communications and connectivity solutions, Bittium offers proven information security solutions for mobile devices and portable computers. Bittium also provides healthcare technology products and services for biosignal measuring in the areas of cardiology and neurophysiology. Net sales in 2023 were EUR 75.2 million and operating loss was EUR -4.3 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com

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The Board of Directors of Bittium Corporation Has Decided on the Distribution of Extraordinary Dividend (wkr0006.pdf)