Sanoma Corporation, Stock Exchange Release, 9 October 2013 at 10:30 CET+1
In accordance with decision by The Board of Directors, Sanoma Corporation has applied for listing of 2010 stock options on NASDAQ OMX Helsinki to commence on 1 November 2013.
A total of 1,600,000 stock options 2010 were issued. There are currently 188 key employees holding a total of 977,100 stock options 2010. A fully-owned subsidiary of Sanoma Corporation currently holds 622,900 stock options 2010.
Each 2010 stock option entitles its holder to subscribe for one share of Sanoma Corporation. The current share subscription price is EUR 17.21. The dividends payable annually shall be deducted from the share subscription price. The share subscription period will commence on 1 November 2013 and end on 30 November 2016.
As a result of the exercise of the currently outstanding 2010 stock options, the number of the Sanoma Corporation shares may increase by a maximum of 977,100 new shares, which accounts for 0.6% of the amount and voting rights of the outstanding shares after the conversion.
Evli Bank Plc acts as a subscription place for share subscriptions with Sanoma Corporation 2010 stock options.
The terms and conditions of Sanoma Stock Option Scheme 2010 and additional information on subscribing share with stock options are available on the company's website www.sanoma.com. Stock Option Scheme 2010 was announced on 22 December 2010.
Sanoma's Investor Relations, Martti Yrjö-Koskinen, tel. +358 40 684 4643 or email@example.com
Get the world. Sanoma helps people access and understand the world. Sanoma is a front runner in consumer media and learning in Europe. We employ around 10,000 professionals in more than 10 countries. In 2012, the Group’s net sales totalled EUR 2.4 billion. Sanoma’s share is listed on the NASDAQ OMX Helsinki.