Elektrobit Group Oyj - LISTING TIME SCHEDULE IN 2014 FOR SHARES SUBSCRIBED PURSUANT TO ELEKTROBIT CORPORATION'S SERIES 2008A-B STOCK OPTIONS AND THE EFFECT OF POTENTIAL CAPITAL REPAYMENT ON SHARE SUBCRIPTION PRICE
November 07, 2013
LISTING TIME SCHEDULE IN 2014 FOR SHARES SUBSCRIBED PURSUANT TO ELEKTROBIT CORPORATION'S SERIES 2008A-B STOCK OPTIONS AND THE EFFECT OF POTENTIAL CAPITAL REPAYMENT ON SHARE SUBCRIPTION PRICE
STOCK EXCHANGE RELEASE
Free for publication on November 7, 2013, at 8.00 a.m. (CET+1)
LISTING TIME SCHEDULE IN 2014 FOR SHARES SUBSCRIBED PURSUANT TO ELEKTROBIT CORPORATION'S SERIES 2008A-B STOCK OPTIONS AND THE EFFECT OF POTENTIAL CAPITAL REPAYMENT ON SHARE SUBCRIPTION PRICE
The Board of Directors of Elektrobit Corporation has decided upon the listing time schedule in 2014 for shares to be subscribed for pursuant to series 2008A-B stock options, as follows:
Shares subscribed by January 27, 2014 including this day, will be listed on or around February 11, 2014
Shares subscribed by March 31, 2014 including this day, will be listed on or around April 15, 2014
Shares subscribed by June 9, 2014 including this day, will be listed on or around June 25, 2014
Shares subscribed by August 18, 2014 including this day, will be listed on or around September 2, 2014
Shares subscribed by October 15, 2014 including this day, will be listed on or around October 30, 2014
Shares subscribed by December 1, 2014 including this day, will be listed on or around December 16, 2014
Earlier decided listing time schedule in 2013 for shares to be subscribed for pursuant to series 2008A-B stock options is as follows:
Shares subscribed by November 21, 2013 including this day, will be listed on or around December 9, 2013.
New shares to be subscribed for pursuant to series 2008A-B stock options 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.
In addition, on November 6, 2013 the Board of Directors of Elektrobit Corporation has decided to propose to the Extraordinary General Meeting to be held on December 4, 2013 that on the basis of the financial statements adopted for the financial period ended on December 31, 2012, funds from the invested non-restricted equity fund be distributed to shareholders as a repayment of capital, with the capital repayment amounting to EUR 0.11 per share. If the repayment of capital is executed as proposed by the Board, as a result the subscription prices of shares pursuant to the series 2008A-C stock options will be reduced with the amount of the capital repayment per share on the record date of the capital repayment in accordance with the terms of the stock options. In such case the share subscription price pursuant to stock options 2008A will reduce to EUR 0.07, pursuant to stock options 2008B to EUR 0.73 and pursuant to stock options 2008C to EUR 0.61.
The share subscription period for stock options 2008A will end on March 31, 2014. The share subscription period for stock options 2008B will end on March 31, 2015. The terms and conditions of stock options 2008 are available in www.elektrobit.com/investors in the Company's web pages.
Notice to the General Meeting has been published in a stock exchange release today, November 7, 2013 and is available in the Company's web pages at www.elektrobit.com/investors .
Oulu, November 7, 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
