LASSILA & TIKANOJA PLC STOCK EXCHANGE ANNOUNCEMENT 12 NOVEMBER 2004
LASSILA & TIKANOJA: SHARES SUBSCRIBED WITH STOCK OPTIONS
With the 2002A stock options issued in 2002, 68,280 new shares were subscribed after the previous entry in the Trade Register on 11 August 2004 by 10 November 2004. The share subscription price for these stock options is 19.14 euros per share.
As a result of these subscriptions, the company’s registered share capital will increase by 34,140 euros to 7,948,544 euros and the number of the shares will increase to 15,897,088 shares. EUR 1,272,739.20 will be entered in the share premium account. The book counter-value of the share is 0.50 euros. The increase of the share capital should be entered in the Trade Register on 17 November 2004. The new shares should be available for public trading on the Helsinki Stock Exchange Main List on 18 November 2004 together with the existing shares.
A total of 130,000 2002A stock options have been issued. By 10 November 2004, a total of 70,780 shares have been subscribed for with the 2002A stock options. With the remaining 2002A stock options a maximum of 59.220 shares can be subscribed for. The subscription period ends on 30 October 2005.
The Board of Directors of Lassila & Tikanoja will approve share subscriptions made with the stock options next time in the meeting handling the approval of the financial statements for year 2004. The subscription schedule for the year 2005 will be disclosed at a later stage.
LASSILA & TIKANOJA PLC
Sirkka Tuomola
Vice President and CFO
For additional information please contact Sirkka Tuomola, tel +358 10 636 2883.