täiteosake

Täiteosake is a Finnish term that translates to "fulfillment share" or "bonus share." It refers to shares that a company may issue to its shareholders as a bonus or dividend, often without requiring any additional payment from the shareholders. These shares are typically issued from the company's reserves or by capitalizing a portion of its profits.

The primary purpose of issuing täiteosake is to increase the company's share capital without diluting the ownership percentage of existing shareholders. Since the new shares are distributed proportionally to existing holdings, each shareholder receives a number of new shares that maintains their relative stake in the company. This can also be a way for companies to reward shareholders and signal financial strength, as it indicates that the company has sufficient reserves to distribute.

Täiteosake can also be seen as a way to make the company's shares more accessible by increasing the total number of shares outstanding, which might lead to a lower price per share. This can potentially increase liquidity and attractiveness to a broader range of investors. However, the underlying value of the company does not change, so the per-share market price is expected to adjust downwards proportionally to the increase in the number of shares. The issuance of täiteosake is a corporate action that needs to be approved by the company's shareholders and must comply with relevant Finnish company law.