Sanoma Corporation, Stock Exchange Release, 7 October 2014 at 9:30 CET+1
In accordance with decision by The Board of Directors, Sanoma Corporation has applied for listing of 2011 stock options on NASDAQ OMX Helsinki to commence on 3 November 2014.
A total of 1,700,000 stock options 2011 were issued. There are currently 130 key employees holding a total of 805,900 stock options 2011. A fully-owned subsidiary of Sanoma Corporation currently holds 894,100 stock options 2011.
Each 2011 stock option entitles its holder to subscribe for one share of Sanoma Corporation. The current share subscription price is EUR 9.05. The dividends payable annually shall be deducted from the share subscription price. The share subscription period will commence on 1 November 2014 and end on 30 November 2017.
As a result of the exercise of the currently outstanding 2011 stock options, the number of the Sanoma Corporation shares may increase by a maximum of 805,900 new shares, which accounts for 0.5% 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 2011 stock options.
The terms and conditions of Sanoma Stock Option Scheme 2011 and additional information on subscribing share with stock options are available on the company's website www.sanoma.com. Stock Option Scheme 2011 was announced on 20 December 2011.
Sanoma's Investor Relations, Olli Turunen, tel. +358 40 552 8907
Get the world. Sanoma helps people access and understand the world.
We believe in a world full of opportunities, feelings, reactions and inspiration. A world that you can reach, influence, explore and share. We want to make it yours.
Sanoma is a front running consumer media and learning company in Europe. In Finland and The Netherlands we are the market leading media company with a broad presence across multiple platforms. Our main markets in learning are Belgium, Finland, the Netherlands, Poland and Sweden. In 2013, Sanoma’s net sales totalled EUR 2.1 billion. Sanoma is listed on the NASDAQ OMX Helsinki stock exchange.