LASSILA & TIKANOJA PLC STOCK EXCHANGE ANNOUNCEMENT 26 JULY 2006
LASSILA & TIKANOJA: SHARES SUBSCRIBED FOR PURSUANT TO SHARE OPTIONS
Pursuant to the 2002B and 2002C share options issued in 2002, 97,500 new shares were subscribed for after the previous entry in the Trade Register on 12 May 2006. The share subscription price for the 2002B options is EUR 7.02 and for the 2002C options EUR 11.46.
As a result of these subscriptions, the Company’s registered share capital will increase by EUR 48,750 to EUR 19,255,687 and the number of the shares will increase to 38,511,374 shares. EUR 714,288 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 2006. The new shares should be available for public trading on the Helsinki Stock Exchange’s Main List on 7 August 2006 together with the existing shares.
A total of 260,000 2002B share options have been issued. A total of 256,000 options have been granted to key persons. Until now, a total of 239,000 shares have been subscribed for. Pursuant to the remaining outstanding 2002B share options a maximum of 17,000 shares can be subscribed for. The subscription period ends on 30 October 2006.
A total of 280,000 2002C share options have been issued. A total of 274,000 options have been granted to key persons. Until now, a total of 17,700 shares have been subscribed for. Pursuant to the remaining outstanding 2002B share options a maximum of 256,300 shares can be subscribed for. The subscription period ends on 30 October 2007.
The Board of Directors of Lassila & Tikanoja plc will approve share subscriptions made pursuant to the share options next time on 8 November 2006.
LASSILA & TIKANOJA PLC
Sirkka Tuomola
Vice President and CFO
For additional information please contact Sirkka Tuomola, tel +358 10 636 2883.