| SHAREHOLDERS
Shares and Share Capital
On 31 December 2009 the company's registered share capital was 75,442,904.30 euros and number of shares issued was 128,136, 115. Each share has one vote at the Annual General Meeting.
Share Quotations
Finnair Plc shares are quoted on the NASDAQ OMX Helsinki Stock Exchange.
Dividend Policy
The aim of Finnair's dividend policy is to pay on average at least one-third of the earnings per share as dividend during an economic cycle, taking into account the company's earnings trend and outlook, financing position and capital needs for any given period.
Incentive Schemes for Key Personnel
On 22 March 2007, Finnair Plc's Board of Directors approved a share bonus scheme 2007-2009 directed at key individuals of the Group. Details of the scheme are presented in Note 26 of this annual report. The scheme does not affect the total number of shares. The amount of share bonuses is determined on the basis of the Finnair Group's financial development.
Board of Directors' Authorisations
On 27 March 2008 the Annual General Meeting granted the Board of Directors new authorisations to purchase the company's own shares up to a maximum of 5,000,000 shares and dispose of the company's own shares up to a maximum of 5,500,000 shares. The authorisation to purchase was valid until AGM 2009 and the authorisation to dispose the shares is valid at the end of March 2011. The authorisation applies to shares amounting to less than five per cent of the company's share capital. Under the authorisation, in 2009 Finnair has not purchased nor disposed any shares.
At the end of 2009, Finnair held 387,429 of its own shares, namely 0.30 per cent of the total number of shares outstanding on the last day of the year.
The Board of Directors has no other authorisations, such as authorisations for share issues or for the issuing of convertible bonds or share options.
Government Ownership
At the end of the financial year, on 31 December 2009, the Finnish Government owned 55.8% of the company's shares and votes. On 20 June 1994, the Finnish Parliament, while giving its consent to reduce the Government's holding to less than two-thirds, decided that the Government must own more than half of Finnair Plc's shares.
Share Ownership by Management
On 31 December 2009, members of the company's Board of Directors and the President & CEO owned 78,480 shares, representing 0.06% of all shares and votes.
Share Prices and Trading
On the last day of the financial year, the Finnair Plc share was quoted at 3.75 euros on the NASDAQ OMX Helsinki Stock Exchange. The market value of the company's shares was 480.5 million euros (626.6). The highest trading price during the financial year was 5.24 euros (8.49), the lowest 3.52 euros (3.50) and the average price 4.15 euros (6.10). A total of 13.8 million shares (64.8), with a total value of 57.5 million euros (395.2) were traded on the NASDAQ OMX Helsinki Stock Exchange during 2009.

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