Elektrobit Group Oyj - TRANSFER OF ELEKTROBIT CORPORATION'S STOCK OPTIONS 2008A AND 2008B TO THE BOOK-ENTRY SYSTEM AND LISTING OF STOCK OPTIONS 2008A AND 2008B ON THE OFFICIAL LIST OF NASDAQ OMX HELSINKI
June 05, 2013
TRANSFER OF ELEKTROBIT CORPORATION'S STOCK OPTIONS 2008A AND 2008B TO THE BOOK-ENTRY SYSTEM AND LISTING OF STOCK OPTIONS 2008A AND 2008B ON THE OFFICIAL LIST OF NASDAQ OMX HELSINKI
STOCK EXCHANGE RELEASE
Free for publication on June 5, 2013, at 8.00 pm. (CEST+1)
TRANSFER OF ELEKTROBIT CORPORATION'S STOCK OPTIONS 2008A AND 2008B TO THE BOOK-ENTRY SYSTEM AND LISTING OF STOCK OPTIONS 2008A AND 2008B ON THE OFFICIAL LIST OF NASDAQ OMX HELSINKI
The Board of Directors of Elektrobit Corporation has decided on the transfer of stock options 2008A and 2008B to the Finnish book-entry system and to apply for listing of 1.400.000 stock options 2008A and of 1.400.000 stock options 2008B on the official list of NASDAQ OMX Helsinki. Application will be made for the listing to commence after the execution of the transfer of the stock options to the book-entry system, on or around June 17, 2013.
The Board of Directors of Elektrobit Corporation has also decided that Svenska Handelsbanken AB (publ) Branch Operation in Finland, Aleksanterinkatu 11, 00100 Helsinki, shall act as the share subscription place and that subscriptions shall be made by paying the share subscription price.
The share subscription period for stock options 2008A commenced on June 5, 2013 and will end on March 31, 2014. The share subscription period for stock options 2008B commenced on April 2, 2013 and will end on March 31, 2015. The share subscription price for stock options 2008A is EUR 0.18 per share and for stock options 2008B EUR 0.84 per share. The amount of the dividend or the amount of the distributable non-restricted equity decided before share subscription will be deducted from the share subscription price as per the dividend record date or the record date of the repayment of equity. Each stock option entitles its holder to subscribe for one Elektrobit Corporation's share. As a result of the subscription of shares based on the stock options 2008A and 2008B, the number of the Elektrobit Corporation shares may increase by a maximum of 2.800.000 new shares.
New shares subscribed for with the stock options 2008A and 2008B will be listed as additional lots of Elektrobit Corporation's shares on the official list of NASDAQ OMX Helsinki together with the old shares after the new shares have been registered.
Listing time schedule for shares subscribed with stock options 2008A and 2008B, in 2013:
Shares subscribed by June 20, 2013, including this day, will be listed on or around July 8, 2013.
Shares subscribed by August 22, 2013, including this day, will be listed on or around September 6, 2013.
Shares subscribed by October 7, 2013, including this day, will be listed on or around October 22, 2013.
Shares subscribed by November 21, 2013, including this day, will be listed on or around December 9, 2013.
The terms and conditions of stock options 2008 are attached at the end of this stock exchange release and also available in the stock exchange release published on March 14, 2008 in the Company's web pages.
Oulu, June 5, 2013
Elektrobit Corporation
Board of Directors
Further information:
Jukka Harju
CEO
Tel. +358 40 344 5466
Päivi Timonen
Chief Legal Officer
Tel. +358 40 344 2794
Distribution:
NASDAQ OMX Helsinki
Principal media
Elektrobit (EB)
EB creates advanced technology and turns it into enriching end-user experiences. EB is specialized in demanding embedded software and hardware solutions for wireless and automotive industries. The net sales from continuing operations in 2012 totaled MEUR 185.4. Elektrobit Corporation is listed on NASDAQ OMX Helsinki. www.elektrobit.com
