Delete Group Oyj is a public limited company registered in Finland. Delete Group has issued secured senior notes which are listed on Nasdaq Helsinki Ltd.’s stock exchange.
In its decision-making and administration, Delete Group Oyj applies the Finnish Companies Act (624/2006, as amended), Finnish Securities Markets Act (746/2012, as amended) as well as the rules and guidelines of Nasdaq Helsinki Ltd. Delete Group Oyj primarily follows the Finnish Corporate Governance Code 2020 (available at www.cgfinland.fi/en), with a few exceptions due to its ownership structure. These exceptions relate to, among other things, rules regarding Annual General Meetings and the composition of the Board.
Pursuant to the provisions of the Finnish Companies Act and the company’s articles of association, responsibility for the control and management of the company is divided between the General Meeting of Shareholders, the Board of Directors and the Chief Executive Officer (CEO). Shareholders participate in the control and management of the company through resolutions passed at General Meetings of Shareholders.
Delete Group’s parent company Delete Group Oyj wholly owns Ax DEL2 Oy which, in turn, wholly owns Delete Oy, the parent company of the operating subsidiaries of Delete Group. Delete Oy has 10 subsidiaries which are mainly operated through the two national entities Delete Finland Oy and Delete Sweden AB.
On 31 December 2021, Delete Group Oyj’s share capital consisted of 1,085,859,500 P-class shares and 308,964,900 C-class shares. Each share carries one vote. The Group is owned by Ax DEL Oy (86% of the shares) and a group of key employees and other minority investors (14%).