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2013-08-05 07:00:00 CEST 2013-08-05 07:00:04 CEST REGULATED INFORMATION Trainer's House Oyj - Company AnnouncementTHE BOARD OF DIRECTORS OF TRAINERS’ HOUSE PLC HAS DECIDED ON A NEW STOCK OPTION PLANEspoo, 2013-08-05 07:00 CEST (GLOBE NEWSWIRE) -- TRAINERS' HOUSE PLC, STOCK EXCHANGE RELEASE, 5 AUGUST 2013 AT 8:00 The Board of Directors of Trainers' House Plc has decided to launch a new stock option plan, according to which stock options will be issued as a part of the company's incentive program to its key persons. The purpose of the stock options is to commit and encourage personnel to work on a long-term basis to increase the company's shareholder value. The number of stock options issued is 7,500,000, and they entitle their owners to subscribe for a total of 7,500,000 new shares in the company or existing shares held by the company. The option rights will be given free of charge. The number of shares that may be subscribed by exercising stock options now issued corresponds to a maximum of 9.9 per cent of all shares and votes in the company, after the potential share subscription, if new shares are issued in the share subscription. The subscription price for each share subscribed is EUR 0.09. According to the terms and conditions of the stock option plan dividends, returned equity and certain other amounts will be deducted from the subscription price. The stock options are divided into several categories with different subscription periods as follows: Series No. of option Subscription rights period 1/2013A 2,500,000 1.1.2015-1.1.2018 1/2013B 2,500,000 1.1.2016-1.1.2018 1/2013C 2,500,000 1.1.2017-1.1.2018 The Board of Directors decided on the new stock option plan on the basis of the authorization granted by the Annual General Meeting held on 21 March 2012. The terms and conditions of the stock option plan 2013 are attached to this release. TRAINERS' HOUSE PLC BOARD OF DIRECTORS Further information: Aarne Aktan, tel +358 40 342 4440 Chairman of the Board DISTRIBUTION Nasdaq OMX Helsinki Main media www.trainershouse.fi > Investors |
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