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2012-03-27 13:10:32 CEST 2012-03-27 13:11:32 CEST REGULATED INFORMATION Comptel - Company AnnouncementShare Subscription Price and Market Value of Comptel Corporation Stock Options 2012A AND 2012BComptel Corporation Stock Exchange Release, 27 March 2012 at 2.10 pm The Annual General Meeting of Shareholders of Comptel Corporation has on 26 March 2012 decided on the issue of stock options to the Comptel Group key personnel and to people whose work performances in any company belonging to the Comptel Group are based on permanent contractual relations. The share subscription price for stock option 2012A and 2012B is EUR 0.60 per share (the trade volume weighted average quotation of the share on NASDAQ OMX Helsinki Ltd. during 27 February - 23 March 2012). Each year dividends and repayments of equity will be deducted from the share subscription price. A total of 2,550,000 new shares or existing shares held by the Company can be subscribed for with stock options 2012A and a total of 2,550,000 with stock options 2012B. The share subscription period for stock options 2012A will be 2 May 2015 - 30 November 2017, and for stock options 2012B, 2 May 2016 - 30 November 2017. The commencement of the share subscription period requires attainment of certain operational or financial targets of the Group determined by the Board of Directors. The targets are the growth of Group net sales and the growth of earnings per share or the growth of company's market capitalisation. The theoretical market value of one stock option 2012A and one stock option 2012B is EUR 0.22 per stock option. The theoretical market value of all stock options 2012 is approximately EUR 1,122,000 in total. The theoretical market value of one stock option has been calculated through the use of Black & Scholes stock option pricing model with the following input factors: share price EUR 0.59, share subscription price EUR 0.60, risk free interest rate 1.55%, validity of stock options approximately 5.7 years and volatility 37%. The terms and conditions of the Stock Options 2012 are available on the Company's internet pages www.comptel.com COMPTEL CORPORATION Juhani Hintikka President and CEO Further Information: Juhani Hintikka, President and CEO, Tel. +358 9 700 1131 Distribution: NASDAQ OMX Helsinki Major media www.comptel.com Comptel is an international software company specialising in telecommunications. Our solutions and services help communication service providers improve customer experience, increase revenue and reduce costs. Comptel has provided solutions to over 280 service providers with more than one billion subscribers in 85 countries. The Group has about 650 employees worldwide, and net sales were EUR 77 million in 2011. www.comptel.com |
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