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2007-05-25 14:15:00 CEST 2007-05-25 14:15:00 CEST REGULATED INFORMATION QPR Software - Company AnnouncementSUBSCRIPTION OF QPR SOFTWARE PLC SHARES WITH OPTION RIGHTS AS PER STOCK OPTION 2003/II, 2003/III AND 2005/IQPR SOFTWARE PLC STOCK EXCHANGE ANNOUNCEMENT MAY 25, 2007 AT 3.15 PM SUBSCRIPTION OF QPR SOFTWARE PLC SHARES WITH OPTION RIGHTS AS PER STOCK OPTION 2003/II, 2003/III AND 2005/I The number of shares subscribed by 25 May 2007 under the QPR Software Plc Stock Option Plan 2003/II, 2003/III and 2005/I with the hitherto unconverted options amounts to 119,599 shares in the said company, the price at issue being in total EUR 49,443.36. The issue price of the shares with regard to the Stock Option Plan 2003/II was EUR 0.30 per share, to the Stock Option Plan 2003/III was EUR 0.19 per share and to the Stock Option Plan 2005/I was EUR 0.64 per share. The period for subscription of shares through option rights 2003/II and 2003/III commenced on 30 September, 2004 and through option rights 2005/I on 1 November 2006. The period for subscription of shares through option rights 2003/II and 2003/III shall expire on 31 December, 2008 and subscription period of 2005/I expired on 15 February 2007. As a result of the subscription the liquidity of the company improved by EUR 49,443.36. After registration of the increase the company's share capital amounts to EUR 1,359,089.93 and is divided into 12,355,363 shares, the book-counter value being EUR 0.11. The new shares entitle holders to dividends for the current financial year and yield other shareholder entitlements when the share capital has been duly registered on the Trade Register. The subscription of shares is based on the decision taken at the Extraordinary General Meeting of QPR Software Plc of 22 July 2003 to offer the current CEO and members of the Board of Directors option rights under Stock Option Plan 2003/II and the resolution of the Board of Directors of QPR Software Plc on 1 October 2003, by authorization of the Extraordinary General Meeting of Shareholders on 22 July 2003, to issue the personnel stock option rights under Stock Option Plan 2003/III, and the decision taken at the General Meeting of QPR Software Plc of 15 March 2005 to offer managing directors, members of the Board of Directors and management group as well as key personnel of QPR Software Plc and its subsidiaries option rights under Stock Option Plan 2005/I. Stock Option Plan 2003/II comprises a total of 259,408 option rights, Stock Option Plan 2003/III comprises a total of 518,790 option rights and Stock Option Plan 2005/I comprises a total of 200,000 option rights. Each option entitles its holder to convert one QPR Software Plc share. There are no more stock options of the stock option program 2003/II and 2005/I unconverted or in the possession of QPR Software Plc or any of its subsidiaries. Based on stock option program 2003/III, in total of 202,500 hitherto unconverted stock options have been issued, and in total of 121,290 stock options are in the possession of the Company's subsidiary, to be given to present and future employees and management. The company aims to register the increase of the company's share capital on the Trade Register and to apply for listing of the new shares on the Helsinki Exchanges together with the old shares by 12 June 2007. QPR SOFTWARE PLC Board of directors Further information: Mr. Vesa-Pekka Leskinen, Chairman of the Board, tel. +358 (0)40 500 9830 http://www.qpr.com DISTRIBUTION Helsinki Stock Exchange Main media Neither this press release nor any copy of it may be taken, transmitted into or distributed in the United States of America or its territories or possessions. |
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