Elektrobit Group Oyj - SHARES ISSUED UNDER THE EMPLOYEE OFFERING OF ELEKTROBIT GROUP PLC. LISTED
August 06, 2003
SHARES ISSUED UNDER THE EMPLOYEE OFFERING OF ELEKTROBIT GROUP PLC. LISTED
The transfer restrictions set forth by the terms of subscription on half (50%) of the 4.000.000 shares issued under the Employee Offering of Elektrobit Group Plc. in December 2002 will expire on 6 August 2003, when the Company's second quarter interim report 2003 has been published. The 2.000.000 shares released from transfer restrictions are listed together with the Company's shares already listed as of 7 August 2003.
The Board of Directors of Elektrobit Group Plc. decided on the Employee Offering on November 4, 2002 based on the authorisation granted by the General Shareholder's Meeting on April 12, 2002. A total of 4.000.000 new shares with an account equivalent value of EUR 0.02 each were subscribed under the Employee Offering, and the corresponding increase of the Company's share capital, EUR 80.000, was registered with the Trade Register on December 20, 2002. The remaining 50% of the shares issued under the Employee Offering will, on October 29, 2003, upon publishing of the Company's third quarter interim report 2003, be released from the transfer restrictions set forth by the terms of subscription. Subsequently, such shares will be listed together with the Company's shares already listed.
In Oulunsalo, August 6, 2003.
Elektrobit Group Plc
Juha Sipilä
CEO
