|
|||
2007-05-03 08:00:01 CEST 2007-05-03 08:00:01 CEST REGULATED INFORMATION Salcomp Oyj - Company AnnouncementSALCOMP PLC STOCK OPTIONS 2007 DISTRIBUTEDSalcomp Plc Stock Exchange Release 3 May 2007 at 09:00 Finnish time SALCOMP PLC STOCK OPTIONS 2007 DISTRIBUTED The Board of Directors of Salcomp Plc approved the distribution of stock options to the Group key personnel and to Salcomp Manufacturing Oy, a wholly-owned subsidiary of the Company. The Annual General Meeting of Shareholders of Salcomp Plc decided on the issue of the stock options on 29 March 2007. A total of 587 500 stock options 2007A were distributed to the Group key personnel. The rest of the stock options were granted to Salcomp Manufacturing Oy, to be further distributed to the present and future key personnel of the Group. The total number of Salcomp Plc new shares that can be subscribed for with the stock options 2007 is 2,047,500. The share subscription period for stock options 2007A will be 1 April 2010—31 March 2012, for stock options 2007B 1 April 2011—31 March 2013 and for stock options 2007C 1 April 2012—31 March 2014. In accordance with the Board resolution, the share subscription period will begin on 1 April 2010, at the earliest, provided that the total shareholder return of Salcomp Plc (value increase + dividends) has been at least 8% per annum. The share subscription price for stock option 2007A is EUR 3.03, i.e. the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days preceding the 2007 Annual General Meeting of Shareholders of the Company held on 29 March 2007, EUR 0.06 dividend distributed for the financial year 2006 deducted, and for stock option 2007B, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days after the publishing of the Company's financial statements for the financial year 2007, and for stock option 2007C, the trade volume weighted average quotation of the Company share on the Helsinki Stock Exchange during twenty (20) trading days after the publishing of the Company's financial statements for the financial year 2008. Dividends distributed annually will be deducted from the share subscription prices. The terms and conditions of the stock options 2007 are available on the Company's internet pages: www.salcomp.com. SALCOMP PLC Markku Hangasjärvi President and CEO Tel. +358 40 7310 114 Distribution: Helsinki Stock Exchange The main media www.salcomp.com |
|||
|