Affecto Oyj - Company Announcement

Listing of Affecto's 2008C option rights

Helsinki, 2013-03-15 08:15 CET (GLOBE NEWSWIRE) -- AFFECTO PLC -- STOCK
EXCHANGE RELEASE -- 15 March 2013 at 9.15 

Listing of Affecto's 2008C option rights

The subscription period of Affecto Plc's option rights 2008C begins on 1 April
2013. Affecto has applied to have the options listed at Nasdaq OMX Helsinki
approximately as of 2 April 2013. The new shares subscribed with options shall
be applied for listing as additional lots of the old Affecto Oyj shares at
Nasdaq OMX Helsinki. 

Affecto's option program 2008 is a long-term incentive plan for key employees.
The amount of 2008C options is 400 000, of which 306 000 is held by 42 key
employees and the remaining options are held by Affecto Securities Oy, a
subsidiary wholly owned by Affecto Plc. 

The subscription ratio is 1:1 so that each option can be used to subscribe one
Affecto Plc share. 

The share subscription period for 2008C options is 1 April 2013 - 31 May 2014.

The share subscription price for 2008C options is the trade volume weighted
average quotation of the share on the Helsinki Stock Exchange during 1 January
- 31 March 2010. From the share subscription price of the stock options shall,
as per the record date for dividend or other distribution of funds, be deducted
the amount of the dividend or distributable non-restricted equity decided after
the beginning of the period for determination of the share subscription price
but before share subscription. 

On 1.4.2013 the subscription price is 2.25 eur/share.



Original subscription price:   2.48
-----------------------------------
Dividend 30.3.2010            -0.06
-----------------------------------
Dividend 5.4.2011             -0.06
-----------------------------------
Dividend 24.4.2012            -0.11
-----------------------------------
Subscription price 1.4.2013:   2.25
-----------------------------------



The Board of Directors of Affecto Plc has decided that Evli Bank Plc,
Aleksanterinkatu 19 A, 00100 Helsinki, Finland shall act as the subscription
place. 



The full terms and conditions of the stock options 2008 are included as an
appendix. The terms and conditions of Affecto stock options 2008 as well as the
listing schedule for the shares subscribed with the options are available on
internet: 

http://www.affecto.com/Investors/Shares-and-options/Option-programs

or

https://www.evli.com/web/FI/en/private-clients-and-companies/other-services/ince
ntive-programs 



Affecto Plc


Hannu Nyman
SVP, M&A, IR

www.affecto.com



Additional information:
Hannu Nyman, Tel. +358 205 777 761

APPENDIX: Terms and conditions of the stock options 2008



AFFECTO PLC STOCK OPTIONS 2008

1 STOCK OPTION TERMS AND CONDITIONS

1.1 Number of Stock Options

The maximum total number of stock options issued shall be 1,050,000, and they
entitle their owners to subscribe for a maximum total of 1,050,000 shares in
the Company (share). 

1.2 Stock Options

Of the stock options, 300,000 shall be marked with the symbol 2008A, 350,000
shall be marked with the symbol 2008B and 400,000 shall be marked with the
symbol 2008C. 

The people, to whom stock options are issued, shall be notified in writing by
the Board of Directors about the offer of stock options. The stock options
shall be delivered to the recipient when he or she has accepted the offer of
the Board of Directors. Stock option certificates shall, upon request, be
delivered to the stock option owner at the start of the relevant share
subscription period, unless the stock options have been transferred to the
book-entry securities system. 

1.3 Right to Stock Options

The stock options shall, in deviation from the shareholders' pre-emptive
subscription rights, be gratuitously issued to the key personnel of the Group
and to Affecto Securities Oy (Subsidiary), a wholly owned subsidiary of the
Company. There is a weighty financial reason for the Company for granting stock
options since the stock options are intended to form part of the Group's
incentive and commitment program for the key personnel. 

1.4 Distribution of Stock Options

The Board of Directors shall decide upon the distribution of the stock options.
The Subsidiary shall be granted stock options to the extent that the stock
options are not distributed to the key personnel of the Group. 

The Board of Directors shall later decide upon the further distribution of the
stock options granted or returned later to the Subsidiary, to the key personnel
employed by or to be recruited by the Group. 

Upon issue, all stock options 2008A, 2008B and 2008C shall be granted to the
Subsidiary. The stock options 2008A, 2008B and 2008C shall be distributed to
the key personnel employed by or to be recruited by the Group by the resolution
of the Board of Directors at the later date. 

1.5 Transfer of Stock Options and Obligation to offer Stock Options

The stock options are freely transferable, when the relevant share subscription
period has begun. The Board of Directors may, however, permit the transfer of a
stock option also before such date. The Company shall hold the stock options on
behalf of the stock option owner until the beginning of the share subscription
period. The stock option owner has the right to acquire possession of the stock
options when the relevant share subscription period begins. Should the stock
option owner transfer his/her stock options, such person is obliged to inform
the Company about the transfer in writing, without delay. 

Should a stock option owner cease to be employed by or in the service of the
Group, for any reason than the death of a stock option owner or the statutory
retirement of a stock option owner, such person shall, without delay, offer to
the Company or its order, free of charge, the stock options for which the share
subscription period specified in Section 2.2 has not begun, on the last day of
such person's employment or service. The Board of Directors can, however, in
the above-mentioned cases, decide that the stock option owner is entitled to
keep such stock options, or a part of them, which are under the offering
obligation. 

Regardless of whether the stock option owner has offered his/her stock options
to the Company or not, the Company is entitled to inform the stock option owner
in writing that the stock option owner has lost his/her stock options on the
basis of the above-mentioned reasons. Should the stock options be transferred
to the book-entry securities system, the Company has the right, whether or not
the stock options have been offered to the Company or its order, to request and
get transferred all the stock options under the offering obligation from the
stock option owner's book-entry account to the book-entry account appointed by
the Company, without the consent of the stock option owner. In addition, the
Company is entitled to register transfer restrictions and other respective
restrictions concerning the stock options to the stock option owner's
book-entry account, without the consent of the stock option owner. 



2 SHARE SUBSCRIPTION TERMS AND CONDITIONS

2.1 Right to subscribe for new Shares

Each stock option entitles its owner to subscribe for one (1) share. As a
result of the share subscriptions, the number of shares of the Company may be
increased by a maximum total of 1,050,000 new shares. The share subscription
price shall be recognised in the invested non-restricted equity fund. 

The Subsidiary shall not be entitled to subscribe for shares on the basis of
the stock options. 

2.2 Share Subscription and Payment

The share subscription period shall be:
- for stock option 2008A: 1 October 2011 - 30 November 2012,
- for stock option 2008B: 1 April 2012 - 31 May 2013, and
- for stock option 2008C: 1 April 2013 - 31 May 2014.

Share subscriptions shall take place at the head office of the Company or
possibly at another location to be determined later. The subscriber shall
transfer the respective stock option certificates with which he/she subscribes
for shares, or, in the case of the stock options having been transferred to the
book-entry securities system, the stock options with which shares have been
subscribed for shall be deleted from the subscriber's book-entry account. Upon
subscription, payment for the shares subscribed for, shall be made to the bank
account appointed by the Company. The Board of Directors shall decide on all
measures concerning the share subscription. 

2.3 Share Subscription Price

The share subscription price shall be:
- for stock option 2008A, the trade volume weighted average quotation of the
share on the Helsinki Stock Exchange during 1 July - 30 September 2008, 
- for stock option 2008B, the trade volume weighted average quotation of the
share on the Helsinki Stock Exchange during 1 January - 31 March 2009, and 
- for stock option 2008C, the trade volume weighted average quotation of the
share on the Helsinki Stock Exchange during 1 January - 31 March 2010. 

If the ex date of a dividend or distributable non-restricted equity is during
the period for determination of the share subscription price, such dividend or
amount of distributable non-restricted equity shall be added to the
above-mentioned average quotations of the trading days after the ex date. 

From the share subscription price of the stock options shall, as per the record
date for dividend or other distribution of funds, be deducted the amount of the
dividend or distributable non-restricted equity decided after the beginning of
the period for determination of the share subscription price but before share
subscription. The share subscription price shall, nevertheless, always amount
to at least EUR 0.01. 

2.4 Registration of Shares

Shares subscribed for and fully paid shall be registered in the book-entry
account of the subscriber. 

2.5 Shareholder Rights

The dividend rights of the shares and other shareholder rights shall commence
when the shares have been entered into the Trade Register. 

2.6 Share Issues, Stock Options and Other Special Rights before Share
Subscription 

Should the Company, prior to share subscription, decide to issue new shares,
stock options or other special rights entitling to shares, a stock option owner
shall have the same or equal rights with a shareholder. Equality is reached in
the manner determined by the Board of Directors by adjusting the number of
shares available for subscription, the share subscription price or both of
these. 

2.7 Rights in Certain Cases

If the Company reduces its share capital by distributing share capital to the
shareholders, from the subscription price of a stock option is deducted the
amount of distributable share capital decided after the beginning of the period
for the determination of the subscription price but before the subscription, as
at the record date of repayment of share capital. 

If the Company is placed in liquidation before the share subscription, the
stock option owner shall be given an opportunity to exercise his/her
subscription right before the liquidation begins, within a period of time
determined by the Board of Directors. If the Company is removed from the
register before the share subscription, the stock option holder shall have the
same or equal rights with a shareholder. 

If the Company resolves to merge in another company as the company being
acquired or in a company to be formed in a combination merger or if the Company
resolves to be divided, the stock option owners shall, before the merger or
division, be given the right to subscribe for the shares with their stock
options, within a period of time determined by the Board of Directors. After
such date no subscription right shall exist. In the above situations the stock
option owners have no right to require that the Company redeems the stock
options from them for market value. 

If the Company, after the beginning of the share subscription period, resolves
to acquire or redeem its own shares by an offer made to all shareholders, the
stock option owners shall be made an equivalent offer. In other cases,
acquisition or redemption of the Company's own shares or acquisition of stock
options or other special rights entitling to shares shall not require the
Company to take any action in relation to the stock options. 

If a redemption right and obligation to all of the Company's shares, as
referred to in Chapter 18 Section 1 of the Finnish Companies Act, arises to any
of the shareholders before the end of the share subscription period on the
basis that a shareholder possesses over 90% of the shares and the votes of the
shares of the Company, the stock option owners shall be given a possibility to
use their right of subscription by virtue of the stock options, within a period
of time determined by the Board of Directors, or they shall be given an equal
possibility to that of shareholders to sell their stock options to the
redeemer, irrespective of the transfer restriction defined in Section 1.5
above. A shareholder who possesses over 90% of the shares and votes of the
shares of the Company has the right to purchase the stock option owner's stock
options at their market value. 



3 OTHER MATTERS

The laws of Finland shall be applied to these terms and conditions. Disputes
arising in relation to the stock options shall be settled by arbitration in
accordance with the Arbitration Rules of the Central Chamber of Commerce. 

The Board of Directors may decide on the transfer of the stock options to the
book-entry securities system at a later date and on the resulting technical
amendments to these terms and conditions as well as other amendments and
specifications to the terms and conditions which are not considered essential.
Other matters related to the stock options shall be decided on by the Board of
Directors. The stock option documentation shall be kept available for
inspection at the head office of the Company. 

The Company shall be entitled to withdraw the stock options which have not been
transferred, or with which shares have not been subscribed for, free of charge,
if the stock option owner acts against these terms and conditions, or against
the regulations given by the Company on the basis of these terms and
conditions, or against applicable laws and regulations of the authorities. 

These terms and conditions have been made in Finnish and in English. In the
case of any discrepancy between the Finnish and English terms and conditions,
the Finnish terms and conditions shall prevail. 



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         Additional information:
         Hannu Nyman, Tel. +358 205 777 761