 | Shares and Share Capital
During 2002 the highest price for the Finnair Oyj share on the Helsinki Stock Exchange was 5.10 euros, while the lowest price was 3.70 euros and the average price 4.33 euros. The market value of the Company's shares was EUR 317.8 million on December 31, 2002. At the beginning of the financial year the market value was the same. During 2002, some 72.3 million (47.9 million) of the company's shares were traded on the Helsinki Stock Exchange. At the end of the period under review, the government of Finland owned 58.4 per cent of the company's shares, while 15.1 per cent were held by foreign investors or in the name of a nominee.
If all the convertible debentures and option certificates in circulation on December 31, 2002 were converted into Finnair Oyj shares, the Finnish government's holding would amount to 55.2 per cent. On the basis of the unconverted debentures and option certificates in circulation on December 31, 2002, the company's share capital could rise by not more than 4,182,268.60 euros, corresponding to 4,920,316 shares.
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