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2012-07-27 18:30:00 CEST 2012-07-27 18:30:03 CEST REGULATED INFORMATION Tectia Oyj - Company AnnouncementTHE BOARD OF DIRECTORS OF TECTIA CORPORATION DECIDED ON A NEW STOCK OPTION PLAN 2012Tectia will launch a new personnel stock option plan. The company has a weighty financial reason for the issue of stock options, since the stock options are part of the incentive and commitment program for the personnel. The purpose of the stock options is to commit and encourage personnel to work on a long-term basis to increase shareholder value. The maximum total number of stock options issued is 2 000 000, and they entitle their owners to subscribe for a maximum total of 2 000 000new shares in the company or existing shares held by the company. The stock options will be issued gratuitously. The stock options are marked with the symbols I/2012A, I/2012B and I/2012C. A total of 660 000 stock options are included in I/2012A and I/2012B and 680 000 stock options in I/2012C. The number of shares subscribed by exercising stock options now issued corresponds to a maximum total of 7 per cent of the shares and votes in the company, after the potential share subscription, if new shares are issued in the share subscription. The share subscription price for stock options I/2012A, I/2012B and I/2012C is 0,65€. The share subscription price will be credited to the reserve for invested unrestricted equity. Each year, the per-share dividends and equity returns will be deducted from the share subscription price. The share subscription period for stock option I/2012A will be 1.6.-1.9.2014, for stock option I/2012B will be 1.6.-1.9.2016 and for stock options I/2012C 1.6.-1.9.2017. After the share subscriptions with stock options, the number of the company's shares may be increased by a maximum total of 2 000 000 shares, if new shares are issued in the share subscription. The Board of Directors decided on 27th July 2012 the new Stock Option Plan on the basis of the authorization granted by the company's Annual General Meeting held on 28 March 2012. The terms and conditions of the Stock Option Plan 2012 are attached to this release. Helsinki 27.07.2012 TECTIA CORPORATION Board of Directors Tatu Ylönen CEO Further info: Jyrki Lalla, CFO Tel. +358 45 3404641 Distribution: NASDAQ OMX Helsinki Oy Major media www.ssh.com |
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