Tieto's Stock Options 2009 and Phantom Options 2009
(Thomson Reuters ONE) - Tieto Corporation Stock Exchange Release 8 October 2009 9.00 am EETThe Annual General Meeting of Tieto Corporation decided on 26 March2009 to offer free of charge a maximum of 1 800 000 stock options forsubscription by the key personnel of Tieto Group as well as by awholly-owned subsidiary of Tieto Corporation. The issued stockoptions entitle to subscribe for a maximum of 1 800 000 shares inTieto. The terms and conditions of the stock options have beenpublished via a stock exchange release on 26 March 2009.The Board of Directors of Tieto has decided to allocate a total of520 000 stock options 2009 A to 247 key employees of Tieto Groupbased on performance. The stock options form a part of the incentiveand commitment programme for key personnel. Those stock options 2009that are not distributed to key employees of Tieto Group areallocated to a wholly-owned subsidiary of Tieto Corporation.The Board of Directors has accepted the terms and conditions of asynthetic option programme Tieto Corporation Phantom Options 2009 andthe implementation of the programme. Phantom Options 2009 form a partof the incentive and commitment programme for key personnel. TheBoard of Directors has decided to allocate 31 000 Phantom Options tokey employees of Tieto Group based on performance in those countries,where stock options may not be granted. The maximum number of PhantomOptions 2009 issued under this plan is 200 000, which may entitletheir holders to a cash reward. The Phantom Options will be grantedunder series 2009 A, 2009 B and 2009 C, which entitle their holdersto a cash reward based on the total share return of the underlyingshares during 2009-2012 (Phantom Options 2009 A), years 2010-2013(Phantom Options 2009 B) and years 2011-2014 (Phantom Options 2009C).The theoretical market value of Phantom Options 2009 A is EUR 6.08per option. The theoretical market value of the entire phantom optionserie is thus EUR 188 486. The theoretical market value of onephantom option has been calculated using the Black & Scholes stockoption pricing model with the following input factors: share priceEUR 13.03, base price EUR 8.46, risk free interest rate 1.52%,validity of phantom options 2.40 years and volatility 48.36%.For further information, please contact:Jukka Karjalainen, Vice President, Compensation & Benefits, tel. +35840 508 8526TIETO CORPORATIONDISTRIBUTION:NASDAQ OMX HelsinkiNASDAQ OMX StockholmPrincipal MediaTieto is an IT service company providing IT, R&D and consultingservices. With approximately 16 000 experts, we are among the leadingIT service companies in Northern Europe and the global leader inselected segments. We specialize in areas where we have the deepestunderstanding of our customers' businesses and needs. Our superiorcustomer centricity and Nordic expertise set us apart from ourcompetitors.www.tieto.comThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 08.10.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 6706
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