The Annual General Meeting of the year 2005 resolved to issue 600,000 share option rights. The share options entitle their holders to subscribe for the shares of Lassila & Tikanoja plc at an exercise price and over a period determined in the terms and conditions of the option scheme. The exchange ratio is 1:1.
The exercise price for the 2005A options is EUR 14.22, for the 2005B options EUR 16.98 and for the 2005C options EUR 26.87. The exercise price of the options will, as per the dividend record date, be reduced by the amount of dividend which exceeds 70% of the profit per share for the financial period to which the dividend applies.
The shares subscribed for pursuant to the share options will entitle their holders to dividends and other rights conferred by the shares after the increase of the share capital has been registered in the Trade Register.
As a result of the exercise of outstanding 2005 share options, the share capital of Lassila & Tikanoja plc may increase by a maximum of EUR 276,000, and the number of shares may increase by a maximum of 552,000 new shares, which is 1.4% of the current number of shares.
Terms and conditions of option scheme 2005