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2009-04-24 08:00:00 CEST 2009-04-24 08:00:05 CEST REGULATED INFORMATION Tiimari Oyj Abp - Company AnnouncementTiimari Plc Board of Directors has decided on granting optionsTiimari Plc Stock Exchange Release April 24, 2009 at 09.00 TIIMARI PLC BOARD OF DIRECTORS HAS DECIDED ON GRANTING OPTIONS Tiimari Plc (“Tiimari” or the “Company”) Board of Directors announces that based on the authorization granted by the Annual General Meeting on April 7, 2009 it will grant a total number of 480,000 option-rights entitling to 480,000 new shares in the company. Option-rights were granted to the new President of the Company who commenced in his position as the Company President on April 7, 2009 and to the new members of the Board elected at the Annual General Meeting. The options are granted as a part of the loyalty and incentive scheme. The option-rights are divided into five option series. The subscription periods and subscription prices are the following. Series Subscription period Subscription price per share 2009A 1.6.2009 - 30.4.2010 EUR 1.35 2009B 1.5.2010 - 30.4.2011 EUR 1.46 2009C 1.5.2011 - 30.4.2012 EUR 1.57 2009D 1.5.2012 - 30.4.2013 EUR 1.70 2009E 1.5.2013 - 30.4.2014 EUR 1.84 The subscription price for series 2009A option-right is equivalent to share subscription price EUR 1.25 in the directed issue closed April 23, 2009 raised with eight per cent. The subscription prices for the consecutive option-rights series are raised with eight per cent from the price for the previous series. All proceeds for the shares will be booked into the distributable equity fund. Tiimari Plc Board of Directors Further information: CEO Hannu Krook tel. + 358 (0)3 812911, e-mail hannu.krook@tiimari.fi Distribution: NASDAQ OMX Helsinki important news media www.tiimari.com Annex : the terms and conditions for the options granted are annexed to the Finnish version of this stock exchange release and are in Finnish only. Tiimari Plc is a listed company. The group consists of three retail shop concepts: Tiimari, Gallerix and Paperazzi. These three concepts do business in eight countries within the Baltic Sea region and there are altogether nearly 300 shops. All three concepts belong to the forerunners of their market segment. In the corporation there is also a company called Tiimore Oy which specialises in corporate gifts and sales promotion solutions. |
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