Elektrobit Group Oyj - THE REST OF THE SHARES ISSUED UNDER THE EMPLOYEE OFFERING OF ELEKTROBIT GROUP PLC. LISTED
October 29, 2003
THE REST OF THE SHARES ISSUED UNDER THE EMPLOYEE OFFERING OF ELEKTROBIT GROUP PLC. LISTED
The transfer restrictions set forth by the terms of subscription on rest (50%) of the 4 000 000 shares issued under the Employee Offering of Elektrobit Group Plc. in December 2002 will expire on October 29, 2003, when the Company's third 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 October 30, 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 first half (50%) of the shares issued under the Employee Offering was released from the transfer restrictions set forth by the terms of subscription upon publishing of the Company's second quarter interim report 2003 on August 6, 2003.
