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2007-09-10 15:15:00 CEST 2007-09-10 15:15:00 CEST REGULATED INFORMATION Teleste - Corporate ActionTELESTE CORPORATION STOCK OPTIONS 2007A DISTRIBUTEDTELESTE CORPORATION STOCK EXCHANGE RELEASE 10.9.2007 16:15 TELESTE CORPORATION STOCK OPTIONS 2007A DISTRIBUTED The Board of Directors of Teleste Corporation decided on the distribution of stock options 2007A to the Group key personnel. The Annual General Meeting of Shareholders of Teleste Corporation decided on the issue of the stock options on 3 April 2007. A total of 260 000 stock options 2007A were distributed to the key personnel. The total number of Teleste Corporation new shares, or existing shares held by the Company, that can be subscribed for with the stock options 2007, is 840,000. The share subscription period for stock options 2007A will be 1 April 2010-30 April 2012, for stock options 2007B 1 April 2011-30 April 2013 and for stock options 2007C 1 April 2012-30 April 2014. The share subscription price for stock options 2007A is EUR 12.69 that is the trade volume weighted average quotation of the Teleste Corporation share on the OMX Nordic Exchange Helsinki Stock Exchange Oy during 1 April-30 April 2007 with an addition of 10 per cent. The share subscription price for stock options 2007B is the trade volume weighted average quotation of the Teleste Corporation share on the OMX Nordic Exchange Helsinki Oy during 1 April-30 April 2008 with an addition of 10 per cent, and for stock options 2007C the trade volume weighted average quotation of the Teleste Corporation share on the OMX Nordic Exchange Helsinki Oy during 1 April-30 April 2009 with an addition of 10 per cent. From the share subscription price of stock options will be deducted the amount of the dividend distributed annually. A share ownership plan, in which the senior management included in the stock option plan is obliged to acquire the Company's shares with 20% of the gross income gained from the exercised stock options, is incorporated into the stock options 2007. The obligation to subscribe for shares expires when a person belonging to the senior management owns the Company's shares worth his/her gross annual salary. They must own shares, acquired with the income gained from the stock options, worth their gross annual salary as long as their employment or service in the Group continues. The terms and conditions of the stock options 2007 are available on the Company's internet pages: www.teleste.com. TELESTE CORPORATION Jukka Rinnevaara President and CEO FOR MORE INFORMATION: Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488 DISTRIBUTION: OMX Nordic Exchange Helsinki Main Media www.teleste.com |
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