Listing of Kesko's 2007B stock options
(Thomson Reuters ONE) -
KESKO CORPORATION STOCK EXCHANGE NOTIFICATION 24.03.2011 AT 10.30 1(2)
Kesko Corporation has applied for listing of the 2007B stock options under the
2007 stock option scheme, approved by the Annual General Meeting of 26 March
2007, on the official list of NASDAQ OMX Helsinki for public trading. NASDAQ OMX
Helsinki has decided that the trading of these stock options will commence on 1
April 2011.
On 2 February 2011, Kesko Corporations' Board of Directors decided to apply for
listing of the 2007B stock options (short name KESBVEW207) under the 2007 stock
option scheme on the official list of NASDAQ OMX Helsinki on 1 April 2011, the
beginning of their exercise period. The total number of the 2007B stock options
is 1,000,000. Each stock option entitles its holder to subscribe for one (1) new
Kesko Corporation B share (short name KESBV) during 1 April 2011 to 30 April
2011 at a subscription price that corresponds to the trade volume weighted
average price of a B share on NASDAQ OMX Helsinki during the period 1 to 30
April 2008 (?26.57), with a deduction of the amount of dividends or other
distributions of funds decided after the period for the determination of the
subscription price has begun but before share subscription, on the record date
of each dividend distribution or other distribution of funds.
Currently the subscription price of a share subscribed for with a 2007B stock
option is ?24.67.
The dividend rights of the shares and other shareholder rights commence after
the shares have been entered in the Trade Register.
The trading of the 2007B stock options on the official list of NASDAQ OMX
Helsinki will commence on 1 April 2011.
The basic information of Kesko's 2007B stock options is as follows:
Short name: KESBVEW207
ISIN code: FI0009637219
Share subscription ratio 1 (KESBVEW207) : 1 (KESBV)
Share subscription price on 1 April 2011: ?24.67 per share
Exercise period: 1 April 2011 - 30 April 2013
Number of stock options: 1,000,000
On 16 February 2010, the Financial Supervisory Authority granted the company a
permission to be exempted from the obligation to publish a prospectus in
connection with applying for listing the stock options and new Kesko B shares
subscribed for with the stock options for public trading.
The terms and conditions of the 2007 stock option scheme are available at
www.kesko.fi/investors.
Further information is available from Corporate Counsel Jarkko Karjalainen,
telephone +358 1053 22602.
Kesko Corporation
Harri Utoslahti
Communications Manager
DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi
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: Kesko Oyj via Thomson Reuters ONE
[HUG#1499636]
Unternehmensinformation / Kurzprofil:
Datum: 24.03.2011 - 09:30 Uhr
Sprache: Deutsch
News-ID 52759
Anzahl Zeichen: 3704
contact information:
Town:
Kesko
Kategorie:
Business News
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