The Annual General Meeting of the year 2008 resolved to issue 230,000 share option rights. The share options entitle their holders to subscribe for the shares of Lassila & Tikanoja plc at a subscription 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 2008 options is EUR 16.27. The exercise price shall, 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. However, only such dividends whose distribution has been agreed upon after the option pricing period and which have been distributed prior to the share subscription are deducted from the exercise price. The exercise price shall, however, always amount to at least EUR 0.01.
The exercise period will be from 1 November 2010 to 31 May 2012.
The entitlement for dividends together with other shareholder rights shall commence when the shares have been registered in the trade register.
As a result of the exercise of the 2008 share options, the number of shares may increase by a maximum of 230,000 new shares, which is 0.59% of the current number of shares.
Terms and conditions of option scheme 2008