LASSILA & TIKANOJA PLC STOCK EXCHANGE ANNOUNCEMENT 27 JULY 2005
LASSILA & TIKANOJA: SHARES SUBSCRIBED FOR PURSUANT TO STOCK OPTIONS
Pursuant to the 2002A and 2002B stock options issued in 2002, 80,100 new shares were subscribed for by 13 July 2005 after the previous entry in the Trade Register on 16 February 2005. The share subscription price for 2002A stock options is EUR 7.86 and for 2002B stock options EUR 7.02 per share.
As a result of these subscriptions, the company’s registered share capital will increase by EUR 40,050 to EUR 19,110,967 and the number of the shares will increase to 38,221,934 shares. EUR 560,052 will be entered in the share premium account. The book counter-value of the share is EUR 0.50. The increase of the share capital should be entered in the Trade Register on 4 August 2005. The new shares should be available for public trading on the Helsinki Stock Exchange Main List on 5 August 2005 together with the existing shares.
A total of 260,000 2002A stock options have been issued. By 13 July 2005, a total of 192,160 shares have been subscribed for. On the basis of the remaining 2002A stock options a maximum of 67,840 shares can be subscribed for. The subscription period ends on 30 October 2005.
A total of 260,000 2002B stock options have been issued. By 13 July 2005, a total of 35,100 shares have been subscribed for. On the basis of the remaining 2002B stock options a maximum of 224,900 shares can be subscribed for. The subscription period ends on 30 October 2006.
The Board of Directors of Lassila & Tikanoja will approve share subscriptions made on the basis of the stock options next time on 8 November 2005. The subscriptions shall be made on Friday 28 October 2005 at the latest.
LASSILA & TIKANOJA PLC
Sirkka Tuomola
Vice President and CFO
For additional information please contact Sirkka Tuomola, tel +358 10 636 2883.