Date Subject
22.10.2021 Profit warning: Apetit revises its estimate of operating profit for 2021 and provides preliminary information for the period January - September 2021
Apetit Plc, Inside information, 22 October 2021 at 17:35 p.m.
Profit warning: Apetit revises its estimate of operating profit for 2021 and provides preliminary information for the period January - September 2021

Apetit Plc revises its estimate of operating profit for 2021. The company estimates that the operating profit from continuing operations will be below year 2020 level (EUR 3.9 million in 2020).

Record-high freight costs and unfavorable sales commitments in relation to the grain harvest quality will weaken Grain Trade's profit outlook for the last quarter of the year. The profit outlook for Oilseed Products for the last quarter of the year is weakened by exceptionally high raw material costs.

Preliminary information July-September 2021 and January-September 2021

July–September 2021, continuing operations

· Net sales amounted to EUR 64.5 (72.1) million
· EBITDA was EUR 4.2 (4.0) million
· Operating profit was EUR 2.6 (2.5) million

January–September 2021, continuing operations

· Net sales amounted to EUR 200.9 (211.0) million
· EBITDA was EUR 7.0 (7.3) million
· Operating profit was EUR 2.3 (2.8) million

The revised profit guidance for 2021: 

The full-year operating profit from continuing operations is expected to decrease from the previous year (EUR 3.9 million in 2020).

The previous profit guidance for 2021 (repeated August 20, 2021):

The full-year operating profit from continuing operations is expected to improve year-on-year (EUR 3.9 million in 2020).

Apetit Plc

For further information, please contact:

Esa Mäki, CEO, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
01.10.2021 Apetit Plc: Managers’ Transactions
Apetit Plc, Stock exchange release on 1 October 2021 at 2.35 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Sulin, Kati
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210930121852_2
____________________________________________

Transaction date: 2021-09-30
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 49 Unit price:  EUR

Aggregated transactions
(1): Volume: 49 Volume weighted average price:  EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
01.10.2021 Apetit Plc: Managers’ Transactions
Apetit Plc, Stock exchange release on 1 October 2021 at 2.00 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Simula, Niko
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210930120009_2
____________________________________________

Transaction date: 2021-09-30
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 255 Unit price:  EUR

Aggregated transactions
(1): Volume: 255 Volume weighted average price:  EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
01.10.2021 Apetit Plc: Announcement of conveyance of own shares
Apetit Plc, Stock exchange release, 1 October 2021 at 2:00 p.m.
Apetit Plc: Announcement of conveyance of own shares

Apetit Plc has assigned a total of 1,568 shares (APETIT) on 30 September 2021 (other conveyance) as a reward to members of the Board of Directors. The assignment value is EUR 20,971.53 in total, which corresponds approximately to EUR 13.37 per share. Taking into account the above-specified conveyances, the company holds a total 79,662 shares. The remuneration has also been paid retrospectively to those persons who, after the election of the current Board of Directors (August 17, 2021), are no longer members of Apetit Plc's Board of Directors.

Apetit Plc’s Supervisory Board decided on August 17, 2021, that the Chairman will receive an annual remuneration of EUR 39,060, the Deputy Chairman will receive EUR 24,120 and the Board members’ EUR 19,560. A total of 60 per cent of the annual remuneration will be in cash and the remaining 40 per cent in the form of Apetit Plc's shares held by the company at the current value of the share at the time of transfer. The remuneration was decided to be paid in share and cash payments quarterly.

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
01.10.2021 Apetit Plc: Managers’ Transactions
Apetit Plc, Stock exchange release on 1 October 2021 at 2.00 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Aho, Lasse
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210930114922_2
____________________________________________

Transaction date: 2021-09-30
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 338 Unit price:  EUR

Aggregated transactions
(1): Volume: 338 Volume weighted average price:  EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
01.10.2021 Apetit Plc: Managers’ Transactions
Apetit Plc, Stock exchange release on 1 October 2021 at 2.00 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Korpiniemi, Antti
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210930120458_2
____________________________________________

Transaction date: 2021-09-30
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 244 Unit price:  EUR

Aggregated transactions
(1): Volume: 244 Volume weighted average price:  EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
01.10.2021 Apetit Plc: Managers’ Transactions
Apetit Plc, Stock exchange release on 1 October 2021 at 2.00 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Hurme, Annikka
Position: Member of the Board/Deputy member
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210930115611_2
____________________________________________

Transaction date: 2021-09-30
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE OR REMUNERATION

Transaction details
(1): Volume: 244 Unit price:  EUR

Aggregated transactions
(1): Volume: 244 Volume weighted average price:  EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
24.09.2021 Apetit Plc’s financial reporting and Annual General Meeting in 2022
Apetit Plc, Stock Exchange Release, 24 September 2021 at 09:00 a.m.
Apetit Plc’s financial reporting and Annual General Meeting in 2022
Apetit Plc will publish its Financial Statements Review, Half Year Financial Review and two Business Reviews in 2022 as follows:

February 17, 2022 at 8.30 a.m. - Financial Statements Review for 2021

April 26, 2022 at 8.30 a.m. - Business Review for January-March 2022

August 18, 2022 at 8.30 a.m. - Half Year Financial Review for January-June 2022

October 25, 2022 at 8.30 a.m. - Business Review for January-September 2022
The Annual Report for 2021 including the Corporate Responsibility Report will be published during the week 10, 2022.

Apetit Plc’s Annual General Meeting is planned to be held on Thursday, May 5, 2022. Apetit's Board of Directors will summon the meeting at a later date.

The financial reports are published in Finnish and English and will be available on the company’s web pages at apetit.fi.
Apetit Plc
For further information, please contact:
Sanna Väisänen, Director, Corporate Communications and Sustainability, tel. +358 10 402 4041
Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
26.08.2021 Apetit Plc: Managers’ Transactions
Apetit Plc, Stock exchange release on 26 August 2021 at 2.15 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Satakunnan Maatalouden Edistämissäätiö
Position: Closely associated person
(X) Legal person

(1):Person Discharging Managerial Responsibilities In Issuer
Name: Hämäläinen, Juha
Position: Member of the Supervisory Board

Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210826104505_2
____________________________________________

Transaction date: 2021-08-23
Venue: NASDAQ HELSINKI LTD (XHEL)
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: ACQUISITION

Transaction details
(1): Volume: 14 Unit price: 13.4 EUR
(2): Volume: 35 Unit price: 13.4 EUR
(3): Volume: 35 Unit price: 13.4 EUR
(4): Volume: 141 Unit price: 13.4 EUR
(5): Volume: 175 Unit price: 13.4 EUR
(6): Volume: 250 Unit price: 13.4 EUR
(7): Volume: 350 Unit price: 13.4 EUR

Aggregated transactions
(7): Volume: 1,000 Volume weighted average price: 13.4 EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
20.08.2021 Apetit’s profitability was lower than last year – Grain Trade still unprofitable, Food Solutions and Oilseed Products improved their operating profit
Apetit Plc, Half-Year Report on 20 August 2021 at 8:30 a.m.
Apetit Plc's Half-Year Report 1 January - 30 June 2021
Apetit’s profitability was lower than last year – Grain Trade still unprofitable, Food Solutions and Oilseed Products improved their operating profit
April–June 2021, continuing operations*

· Net sales amounted to EUR 68.7 (73.7) million
· EBITDA was EUR 0.3 (1.6) million
· Operating profit was EUR -1.2 (0.1) million

January–June 2021, continuing operations*

· Net sales amounted to EUR 136.4 (138.8) million
· EBITDA was EUR 2.8 (3.3) million
· Operating profit was EUR -0.3 (0.3) million

*) Apetit’s continuing operations are Food Solutions, Oilseed Products and Grain Trade. In addition to the three reporting segments (Food Solutions, Oilseed Products, Grain Trade), Apetit will report Group Functions, consisting of the expenses related to Group management, strategic projects and listing on the stock exchange that are not allocated to the three business segments.

The information in this report is unaudited. The figures in brackets refer to the corresponding period in 2020, and the comparison period means the corresponding period in the previous year, unless otherwise stated.

PROFIT GUIDANCE FOR 2021 UNCHANGED

The full-year operating profit from continuing operations is expected to improve year-on-year (EUR 3.9 million in 2020).

Esa Mäki, CEO:

“Apetit Group’s net sales declined and profitability decreased year-on-year due to the continued weakening of the Grain Trade segment’s result. Oilseed Products continued its strong profit performance in the second quarter. The result of Food Solutions improved year-on-year but was slightly in the negative due to the seasonality of operations. On a positive note, the profit performance of Apetit’s processing businesses was good for the entire first half of the year.

In Food Solutions, retail demand remained strong in the second quarter, with sales being boosted particularly by the mixed vegetable products launched in the spring and targeted at the barbecue season. A clear recovery from the effects of the corona pandemic has also been seen in the Food service channel. It is particularly pleasing that profitability improved substantially in all sales channels.

In May, we announced we will invest approximately EUR 2 million in a new frozen pizza production line at our Pudasjärvi plant. The investment covers the modernisation of the entire production equipment in the existing building. The investment will bring about significant improvements to Apetit’s range of frozen pizzas, particularly with regard to taste and texture: we want to offer Finnish consumers even more delicious pizza made from ingredients with as high a degree of domestic sourcing as possible. The redesigned range of pizzas will be launched next year.

Retail sales in Sweden continued to grow in line with our targets throughout the first half of the year, and we have recently also seen a slight recovery in the Swedish professional food service segment. The value of food exports grew by a third and amounted to approximately EUR 2.5 million in January–June.

The demand for oilseed products remained strong in all product groups in the second quarter, with end product prices increasing substantially due to higher raw material costs. Towards the end of the review period, demand in the food service channel also returned to the pre-pandemic level. The excellent result was attributable to demand as well as the strong refining margin.

Our focus in the development of our rapeseed ingredient has been on the commercialisation of the product development project. We will begin test production of the ingredient at a subcontractor’s premises in August–September. The produced rapeseed ingredient will be delivered later in the year for production testing by customers as well as to be sold. In the initial stage, the end product use of the ingredient will be focused on plant protein products and gluten-free baked goods. Our aim is to start commercial scale production in 2022.

The Kantvik bioenergy plant was commissioned at the beginning of August. It significantly reduces the Group’s CO\2\ emissions and energy costs. Milling rapeseed to produce vegetable oil is the Group’s most energy-intensive production process.

The result of Grain Trade was negatively affected by the difficult market conditions in the international wheat trade and the unsuccessful response to unpredictable market changes. After a peak in supply caused by the export tariffs imposed by Russia, the international demand for wheat was very weak in March–April. Consequently, the large wheat reserves in the Baltic countries were delivered in their entirety to customers in May–June at a significant loss. In addition, Finnish grain exports in the first half of the year were lower than usual due to the previous year’s small harvest.

Exceptional arrangements related to the COVID-19 pandemic continue in Apetit Group. We are actively monitoring the situation and will react to any changes. Throughout the pandemic, we have successfully achieved our goal of ensuring the health and safety of our employees and ensuring undisrupted operations throughout the food supply chain.

The current cultivation season has been primarily characterised by hot and dry weather conditions. Autumn oilseed plants have nevertheless thrived. The total area under cultivation for domestic oilseed plants this year grew by nearly a third compared to last year and the harvest outlook is positive. Apetit’s systematic efforts to increase the cultivation area of oilseed plants and interest in oilseed plant cultivation are continuing: the contract farming of oilseed plants has nearly doubled from last year. The domestic grain harvest is expected to be weaker than average. In the Baltic countries, the harvest is expected to be fair, but substantially lower than the record harvest last year. The harvest of outdoor-grown vegetables, excluding peas, is expected to be moderate.

Corporate responsibility is an integral aspect of Apetit’s business throughout the value chain, from field to fork. As an example of this, we continuously develop our existing products as well as new products that respond to growing consumer demand for sustainable food choices. This autumn, we will strengthen our local fish strategy by expanding our product range with Baltic Sea fish fingers made from delicious herring caught in the Baltic Sea. Increasing the consumption of domestic fish has a significant impact on the health of Finland’s inland waters and the Baltic Sea: for example, the roach we used in 2020 saw us remove phosphorus from lakes in an amount that would otherwise have led to the growth of 60,000 bucketfuls of blue-green algae. Our sustainable food choices are meaningful.”

KEY FIGURES

EUR million 4–6 4–6 Change 1–6 1–6 2020 Change 1–12 2020
2021 2020 2021
Continuing operations
Net sales 68.7 73.7 -7% 136.4 138.8 -2% 292.9
EBITDA 0.3 1.6 2.8 3.3 10.1
Operating profit -1.2 0.1 -0.3 0.3 3.9
Share of profit of -0.2 -0.3 -0.6 -0.7 0.3
associated company
Sucros
Profit for the period -1.2 -0.3 -1.1 -0.8 3.1
Earnings per share, -0.19 -0.05 -0.17 -0.13 0.49
EUR
Working capital at the 25.5 22.1 48.4
end of the period
Investment 3.4 3.3 7.8
Group (incl.
discontinued
operations)
Net sales 68.7 73.7 -7% 136.4 138.9 -2% 293.0
EBITDA 0.3 1.7 2.8 3.4 10.2
Operating profit -1.2 0.2 -0.3 0.4 4.1
Profit for the period -1.2 -0.2 -1.1 -0.7 3.2
Earnings per share, -0.19 -0.04 -0.17 -0.12 0.52
EUR
Equity per share, EUR 14.48 14.65 15.26
ROCE % 2.9 1.6 3.3
Net cash flow from 24.4 45.9 26.8
operating activities
Equity ratio, % 76.3 68.8 66.5
Gearing, % 3.1 -4.7 21.7

WEBCAST

A news conference (in Finnish) will be held as a live webcast today on 20 August 2021 at 10:00. The news conference can be followed at apetit.fi/for-investors. The presentation material and a recording of the webcast will be available on the company’s website after the news conference.

Apetit Plc

Esa Mäki, CEO, Apetit Plc, tel. +358 10 402 2100

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
17.08.2021 Organisational meeting of the Supervisory Board and election of the Board of Directors
Apetit Plc, Stock Exchange Release, 17 August 2021 at 3.00 p.m.
At its meeting on 17 August 2021, Apetit Plc’s Supervisory Board elected Harri Eela as its Chairman and Maisa Mikola as the Deputy Chairman.  

The Supervisory Board decided to elect 5 members to Apetit Plc's Board of Directors. Lasse Aho, Annikka Hurme, Kati Sulin, Antti Korpiniemi and Niko Simula were elected as the members of the Board of Directors. Lasse Aho was appointed as the Chairman and Niko Simula as the Deputy Chairman of the Board of Directors.

It was decided that the Board members will be paid an annual remuneration of EUR 19,560 and that the Chairman and Deputy Chairman will receive an annual remuneration of EUR 39,060 and EUR 24,120, respectively. A total of 60 per cent of the annual remuneration will be in cash and the remaining 40 per cent in the form of Apetit Plc's shares held by the company at the current value of the share at the time of transfer. The remuneration will be paid in four installments. It was also decided that the Chairman and members of the Board of Directors will be paid a meeting allowance of EUR 510 and EUR 300, respectively.

Apetit Plc

For further information, please contact:

Teemu Luovila, CFO, tel, +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
28.05.2021 Decisions by the Annual General Meeting of Apetit Plc
Apetit Plc, Stock exchange release, 28 May 2021 at 2.00 p.m.
Decisions by the Annual General Meeting of Apetit Plc

The Annual General Meeting on 28 May 2021 approved the parent company's and consolidated financial statements for the financial year 1 January - 31 December 2020 and discharged the members of the Supervisory Board and the Board of Directors and the CEO from liability. The Board of Directors' proposals were approved without changes.

DIVIDEND

The Annual General Meeting decided that a dividend of EUR 0.50 per share will be paid for the financial year 2020. The dividend will be paid to shareholders who are registered in the company’s share-holder register maintained by Euroclear Finland Ltd on the record date of 1 June 2021. The dividend is paid on 8 June 2021. No dividend will be paid on shares held by the company.

THE REMUNERATION REPORT FOR GOVERNING BODIES

The Annual General Meeting decided to adopt the Remuneration Report for 2020 for the governing bodies. According to the Companies Act, the decision is advisory. The Remuneration Report is available on the company’s website at apetit.fi/en/corporate-governance/remuneration/.

ELECTION OF THE MEMBERS OF THE SUPERVISORY BOARD, THE MEMBERS OF THE SUPERVISORY BOARD'S NOMINATION COMMITTEE AND THE AUDITORS, AND REMUNERATION

The Annual General Meeting confirmed that the Supervisory Board will have 18 members elected by the Annual General Meeting.  Seven persons were appointed to replace members of the Supervisory Board completing their term. Harri Eela, Juha Hämäläinen, Laura Hämäläinen, Jari Nevavuori and Markku Pärssinen were re-elected. Nicolas Berner and Kirsi Ahlgren were elected as new members of the Supervisory Board.

Pekka Perälä and Henrika Vikman were elected by the Annual General Meeting as the members of the Supervisory Board's Nomination Committee.

Ernst & Young Oy, authorized public accountants, with Erika Grönlund, APA as the auditor with principal responsibility and Osmo Valovirta, APA were elected as auditors. The auditors were elected until the end of the 2022 Annual General Meeting.

The Annual General Meeting decided that the monthly fee paid to the Supervisory Board’s chairman is EUR 1,000, and to the deputy chairman EUR 665. The meeting allowance paid to the members of the Supervisory Board and the members of the Supervisory Board´s Nomination Committee is EUR 300. In addition, compensation for travelling expenses are paid in accordance with the general travel rules of Apetit Plc. The auditors’ fees are paid according to an invoice approved by the company.

AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE REPURCHASE OF COMPANY’S OWN SHARES

The Annual General Meeting decided to authorize the Board of Directors to decide on the repurchase of a maximum of 80,000 (eighty thousand) of the company’s own shares using the unrestricted equity of the company representing about 1,27 per cent of all the shares in the company. The authorization includes the right to accept company’s own shares as a pledge.

The authorization is valid until the closing of the Annual General Meeting 2022, however no longer than until 31 May 2022.

AUTHORIZING THE BOARD OF DIRECTORS TO DECIDE ON THE ISSUING OF NEW SHARES AND ON THE TRANSFER OF APETIT PLC SHARES HELD BY THE COMPANY (SHARE ISSUE)

The Annual General Meeting decided to authorize the Board of Directors to decide on issuing new shares as follows: Based on the authorization, a total maximum of 600,000 (six hundred thousand) shares can be issued, which corresponds approximately to 9,5 % of all shares of the company at the moment. Based on the authorization, both new shares and shares held by the company may be issued.

The authorization is valid until the end of the 2023 Annual General Meeting, however no longer than until 31 May 2023. The authorization revokes the earlier authorization to issue shares given on 27 March 2018.

The minutes of the Annual General Meeting will be available on the company’s website, www.apetit.fi/en, on 11 June 2021 at the latest.

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

 
24.05.2021 Change in the Board of Directors at Apetit Plc
Apetit Plc, Stock exchange release, 24 May 2021 at 11.30 a.m.
Change in the Board of Directors at Apetit Plc

Ms. Kati Rajala, a member of Apetit Plc's Board of Directors, will resign from Apetit Plc's Board of Directors on May 31, 2021. Rajala will join the Fazer Group as of August 1, 2021.Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.
18.05.2021 Apetit Plc: Managers’ Transactions (Mäki)
Apetit Plc, Stock exchange release on 18 May 2021 at 3:00 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Mäki, Esa
Position: Chief Executive Officer
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210517094228_2
____________________________________________

Transaction date: 2021-05-14
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: SUBSCRIPTION

Transaction details
(1): Volume: 2,000 Unit price: 13.91 EUR

Aggregated transactions
(1): Volume: 2,000 Volume weighted average price: 13.91 EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

 
18.05.2021 Apetit Plc: Managers’ Transactions (Luovila)
Apetit Plc, Stock exchange release on 18 May 2021 at 3:00 p.m.
Apetit Oyj - Managers' Transactions
____________________________________________

Person subject to the notification requirement
Name: Luovila, Teemu
Position: Chief Financial Officer
Issuer: Apetit Oyj
LEI: 743700RSFZUIQYABYT14

Notification type: INITIAL NOTIFICATION
Reference number: 743700RSFZUIQYABYT14_20210517094648_2
____________________________________________

Transaction date: 2021-05-14
Venue not applicable
Instrument type: SHARE
ISIN: FI0009003503
Nature of the transaction: SUBSCRIPTION

Transaction details
(1): Volume: 1,200 Unit price: 13.91 EUR

Aggregated transactions
(1): Volume: 1,200 Volume weighted average price: 13.91 EUR

Apetit Plc

For further information, please contact:

CFO Teemu Luovila, tel. +358 10 402 2114

Apetit is a food industry company firmly rooted in Finnish primary production. Our operations are based on a unique and sustainable value chain: we create well-being with vegetables by offering tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit Plc's shares are listed on Nasdaq Helsinki. In 2020, Apetit Group's net sales were EUR 293 million.

 
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