LASSILA & TIKANOJA PLC STOCK EXCHANGE ANNOUNCEMENT 8 NOVEMBER 2006
LASSILA & TIKANOJA: SHARES SUBSCRIBED FOR PURSUANT TO SHARE OPTIONS
Pursuant to the 2002B share options issued in 2002, 16,800 new shares were subscribed for after the previous entry in the Trade Register on 4 August 2006. The share subscription price is EUR 7.02.
As a result of these subscriptions, the company’s registered share capital will increase by EUR 8,400 to EUR 19,264,087 and the number of the shares will increase to 38,528,174 shares.
The increase of the share capital should be entered in the Trade Register on 16 November 2006. The new shares should be available for public trading on the Helsinki Stock Exchange on 17 November 2006 together with the existing shares.
A total of 260,000 2002B share options were issued. The subscription period ended on 30 October 2006. A total of 255,800 shares were subscribed for pursuant to the 2002B options. The remaining outstanding 200 options as well as the 4,000 options held by L&T Advance Oy expired.
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 share subscription price is EUR 11.46.
The Board of Directors of Lassila & Tikanoja plc will approve share subscriptions made pursuant to the share options next time in the meeting handling the approval of the financial statements for year 2006. The subscription schedule for the year 2007 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.