Stonesoft Oyj :SUBSCRIPTION PRICE AND MARKET VALUE OF STONESOFT CORPORATION STOCK OPTIONS 2012A
(Thomson Reuters ONE) -
Stonesoft Corporation Stock Exchange Release April 2, 2012 at 3:10 p.m.
SUBSCRIPTION PRICE AND MARKET VALUE OF STONESOFT CORPORATION STOCK OPTIONS 2012A
The Board of Directors of Stonesoft Corporation decided on 18 January 2012 about
the issuance of stock options to the Stonesoft Group key employees by
authorization of the Annual General Meeting of Shareholders held on 13 April
2011. The share subscription price for stock option 2012A is EUR 1.42 per share
(the trade volume weighted average quotation of the share on NASDAQ OMX Helsinki
Ltd. during 1 February-31 March 2012). Each year dividends and equity returns
will be deducted from the share subscription price.
A total of 1,500,000 new shares or existing shares held by the Company can be
subscribed for with stock options 2012A. The share subscription period for stock
options 2012A will be 1 March 2015-31 March 2017. The share subscription period
will only begin if the Net Sales in consolidated financial statements of any
financial year 2012-2016 is at least forty-two (42) million Euros. The stock
options for which the target has not been attained will expire in the manner
decided by the Board of Directors.
The theoretical market value of one stock option 2012A is EUR 0.79. The
theoretical market value of the stock options 2012A is EUR 1 185 000 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 1.42, share subscription price EUR 1.42, risk free
interest rate 2.35%, validity of stock options five years and volatility 64%.
The terms and conditions of the Stock Options 2012 are available on the
Company's internet pages www.stonesoft.com.
Stonesoft Corporation
Ilkka Hiidenheimo
Chief Executive Officer
For further information, please contact:
CEO Ilkka Hiidenheimo, Stonesoft Corporation
Tel. +358 9 4767 11
Distribution:
NASDAQ OMX Helsinki Ltd
www.stonesoft.com
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: Stonesoft Oyj via Thomson Reuters ONE
[HUG#1599403]
Unternehmensinformation / Kurzprofil:
Datum: 02.04.2012 - 14:10 Uhr
Sprache: Deutsch
News-ID 131047
Anzahl Zeichen: 2789
contact information:
Town:
Helsinki
Kategorie:
Business News
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