Share subscription price with Sanoma stock options 2011 and the market value of Stock Option Scheme 2011
(Thomson Reuters ONE) -
Stock Exchange Release 2/1/2012 14:15
The share subscription price for Sanoma Corporation's stock option 2011 is EUR
10.35 per share i.e. the trade volume weighted average quotation of the share on
the NASDAQ OMX Helsinki Ltd. during 1 November - 31 December 2011 with an
addition of twenty (20) per cent. Each year the dividend is deducted from the
subscription price.
A total of 1 700 000 new shares or existing shares held by the Company can be
subscribed for with the stock options 2011. The share subscription period for
the stock options 2011 will be 1 November 2014 - 30 November 2017.
The theoretical market value of the stock options in Stock Option Scheme 2011 is
EUR 2.11 per stock option. The theoretical market value of the entire scheme is
thus EUR 3 587 000. 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 8.87, share subscription price EUR
10.35, risk free interest rate 1.80%, validity of stock options 5.92 years and
volatility 26.8%.
The terms and conditions of the Stock Option Scheme 2011 are available on the
Company's internet pages Sanoma.com.
Sanoma announced the Stock Option Scheme 2011 on 20 December 2011.
Sanoma Corporation
Kim Ignatius
Chief Financial Officer
Additional information: Sanoma's Investor Relations, Anna Tuominen, tel
+358 105 19 5066 or ir(at)sanoma.com
Sanoma.com
Sanoma inspires, informs and connects. As a diversified media group, we bring
information, experiences, education and entertainment to millions of people
every day. We make sure that quality content and interesting products and
services are easily available and meet the demands of our readers, viewers and
listeners. We offer a challenging and interesting working environment for nearly
20,000 people in over 20 countries throughout Europe. In 2010, the Group's net
sales totalled EUR 2.8 billion.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Sanoma Oyj via Thomson Reuters ONE
[HUG#1574563]
Unternehmensinformation / Kurzprofil:
Datum: 02.01.2012 - 13:16 Uhr
Sprache: Deutsch
News-ID 100434
Anzahl Zeichen: 2773
contact information:
Town:
Helsinki
Kategorie:
Business News
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"Share subscription price with Sanoma stock options 2011 and the market value of Stock Option Scheme 2011"
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