TALVIVAARA STOCK OPTIONS 2007
(Thomson Reuters ONE) -
Talvivaara Mining Company Plc
Stock Exchange Release March 9, 2010
Corporate Action
TALVIVAARA STOCK OPTIONS 2007
The Annual General Meeting of Talvivaara Mining Company Plc resolved on 28
February 2007 to issue Talvivaara Stock Options 2007 as a part of the Talvivaara
group's incentive and commitment program for the key personnel. The Stock
Options 2007 entitle their holders to subscribe a maximum of 6,999,300 new
shares in the Company.
The Stock Options 2007 have been divided into series A, B and C. The share
subscription prices per share with the option rights 2007A, 2007B and 2007C
currently amount to GBP 2.25, GBP 2.625 and GBP 2.75, respectively. The Board of
Directors of Talvivaara has decided that the payments for the share
subscriptions with Stock Options 2007 will be accepted both in pound sterling
and in euro. The share subscription price in euro will be determined by the euro
reference exchange rate for the pound sterling computed and published by the
European Central Bank on the day preceding the date of share subscription.
A total of 2,333,100 option rights 2007A were issued. The Board of Directors has
distributed a total of 2,113,500 option rights 2007A that will become freely
transferable by the key employees of Talvivaara as of April 1, 2010. In
addition, the Board of Directors has on 8 March 2010 decided to distribute a
total of 176,600 option rights 2007A including a partial share subscription and
holding obligation to the members of the Executive Committee.
The share subscription period for the Stock Options 2007A is 1 April 2010 - 31
March 2012. The Board of Directors of Talvivaara has resolved to apply for
listing of stock option rights 2007A on NASDAQ OMX Helsinki to commence on 1
April 2010. New shares subscribed with the Stock Options 2007A will be listed as
additional lots of Talvivaara shares on the main list of NASDAQ OMX Helsinki
together with the old shares after the new shares have been registered.
Evli Bank plc acts as a subscription place for share subscriptions with
Talvivaara Stock Options 2007. The share subscriptions shall be made by paying
the subscription price either in pound sterling or in euro.
As a result of the exercise of the Stock Options 2007A, the number of the
Talvivaara shares may increase by a maximum of 2,333,100 new shares, which
accounts for 1 % of the number and voting rights of the outstanding shares.
The terms and conditions of Talvivaara Stock Options 2007 with additional
information are available on the company's website:
www.talvivaara.com
or
www.evli.com/web/FI/en/private-clients-and-companies/other-services/incentive-pr
ograms/talvivaara
ENQUIRIES
Talvivaara Mining Company Plc Tel: +358 20 7129 800
Pekka Erkinheimo, Chief Commercial Officer
Saila Miettinen-Lähde, Chief Financial Officer
Talvivaara Mining Company Plc
Talvivaara Mining Company aims to become an internationally significant base
metals producer with its primary focus on nickel and zinc using a technology
known as bioheapleaching to extract metals out of ore. Bioheapleaching makes
extraction of metals from low grade ore economically viable. The Talvivaara
deposits comprise one of the largest known sulphide nickel resources in Europe.
The ore body is sufficient to support anticipated production for at least 46
years. Talvivaara has secured a 10-year off-take agreement for 100 per cent of
its main output of nickel and cobalt to Norilsk Nickel and entered into a
long-term zinc streaming agreement with Nyrstar NV. Talvivaara is listed on the
London Stock Exchange Main Market and NASDAQ OMX Helsinki and is included in the
FTSE 250 Index. Further information can be found at www.talvivaara.com.
[HUG#1391980]
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2010 - 08:52 Uhr
Sprache: Deutsch
News-ID 17181
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Kategorie:
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"TALVIVAARA STOCK OPTIONS 2007"
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Talvivaaran Kaivososakeyhtiö Oyj (Nachricht senden)
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