SSH Communications Security Oyj - Company Announcement

SSH COMMUNICATIONS SECURITY CORPORATION’S SHARE ISSUE DIRECTED TO THE PERSONNEL

Helsinki, Finland, 2012-11-01 08:30 CET (GLOBE NEWSWIRE) -- 
SSH COMMUNICATIONS SECURITY CORPORATION'S SHARE ISSUE DIRECTED TO THE PERSONNEL

The Board of Directors of SSH Communications Security Corporation decided on 31
October 2012 to arrange a share issue directed to the company's and the group's
personnel. 

A maximum total of 1,000,000 new shares in the company will, in deviation from
the shareholders' pre-emptive right, be offered for subscription to the
company's and the group's personnel. The company has a weighty financial reason
for the deviation from the shareholders' pre-emptive right, since the purpose
of the share issue is to encourage the personnel of the company and the group
to acquire and own the company´s shares. 

The share subscription price is based on the trade volume weighted average
share price of the company's share in NASDAQ OMX Helsinki Ltd during the term 3
September 2012 - 28 September 2012 and on discount calculated from such price.
The discount for the subscription of the shares is 10 % from the prevailing
share price during the aforementioned period. The average share price during
the aforementioned period was EUR 0.77 per share. Therefore, the subscription
price for the shares will be EUR 0.70 per share. 

The share subscription period will be November 2, 2012 - November 16, 2012.
Approved subscriptions must be paid no later than November 30, 2012. 

The entire Terms and Conditions of the Share Issue are attached to this stock
exchange release. 

The final result of the share issue will be announced estimated during week 48.

The decision on the share issue is based on the authorization given by the
Annual General Meeting of Shareholders held on 28 March 2012. 

Helsinki, November 1, 2012


SSH COMMUNICATIONS SECURITY CORPORATION
Board of Directors


Tatu Ylönen
CEO


Further information:
Jyrki Lalla, CFO, Tel. +358 45 3404641


DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Key media

ATTACHMENT: Terms and Conditions of Share Issue

Attachments:

Terms_and_Conditions_of_Share_Issue.pdf