LASSILA & TIKANOJA PLC STOCK EXCHANGE ANNOUNCEMENT 4 NOVEMBER 2005
LASSILA & TIKANOJA: SHARES SUBSCRIBED FOR PURSUANT TO STOCK OPTIONS
Pursuant to the 2002A and 2002B stock options issued in 2002, 155,840 new shares were subscribed for after the previous entry in the Trade Register on 4 August 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 77,920 to EUR 19,188,887 and the number of the shares will increase to 38,377,774 shares. EUR 1,073,062.40 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 16 November 2005. The new shares should be available for public trading on the Helsinki Stock Exchange Main List on 17 November 2005 together with the existing shares.
New shares have been subscribed for pursuant to the total of the 2002A stock options issued, amounting to 260,000. The subscription period ended on 30 October 2005.
A total of 260,000 2002B stock options have been issued. So far, a total of 123,100 shares have been subscribed for. On the basis of the remaining 2002B stock options a maximum of 136,900 shares can be subscribed for. The subscription period ends on 30 October 2006.
The Board of Directors of Lassila & Tikanoja plc will approve share subscriptions made pursuant to the stock options next time in the meeting handling the approval of the financial statements for year 2005. The subscription schedule for the year 2006 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.