The Annual General Meeting of March 14, 2008, decided to issue stock options to EB´s key personnel. The maximum number of stock options shall be 4,200,000, of which 1,400,000 shall be marked with the symbol 2008A, 1,400,000 shall be marked with the symbol 2008B and 1,400,000 shall be marked with the symbol 2008C. The stock options entitle to subscription of a maximum total of 4,200,000 new shares of the company or treasury shares. The proportion of the shares that can be subscribed using the stock options to be issued will be a maximum total of 3.1 per cent of the company´s shares and associated voting rights after a possible share subscription, should new shares be issued in the subscription. The subscription price for the shares to be subscribed based on the stock options shall be based on the prevailing market value of the Elektrobit Corporation share at NASDAQ OMX Helsinki in January 2009, January 2010 and January 2011. The subscription price will be recorded in the fund for invested unrestricted equity. The share subscription period for stock options 2008A is April 1, 2012March 31, 2014, for stock options 2008B April 1, 2013March 31, 2015, and for stock options 2008C April 1, 2014March 31, 2016.
The Board of Directors of Elektrobit Corporation decided on June 5, 2013 on the transfer of stock options 2008A and 2008B to the Finnish book-entry system and to apply for listing of 1,400,000 stock options 2008A and of 1,400,000 stock options 2008B on the official list of NASDAQ OMX Helsinki. The trading with the stock options started on June 17, 2013. The share subscription period for stock options 2008A will end on March 31, 2014. The share subscription period for stock options 2008B will end on March 31, 2015.
The Board of Directors of Elektrobit Corporation has decided on the transfer of series 2008C stock options to the Finnish book-entry system on December 20, 2013 and to apply for listing of 1,400,000 stock options 2008C on the official list of NASDAQ OMX Helsinki. Application was made for the listing to commence on April 1, 2014. The share subscription period for series 2008C stock options will commence on April 1, 2014 and will end on March 31, 2016.
By virtue of the stock option rights 2008A, 2008B and 2008C, a total of 508,697 new shares were subscribed for between December 5, 2013 and January 28, 2014, a total of 1,090,321 new shares were subscribed between December 5, 2013 and January 28, 2014, a total of 461,673 new shares were subscribed between February 11, 2014 and April 8, 2014, a total of 119,951 new shares were subscribed between April 15, 2014 and June 9, 2014, a total of 51,296 new shares were subscribed between June 26, 2014 and August 18, 2014, a total of 164,608 new shares were subscribed between September 3, 2014 and October 15, 2014, a total of 86,044 new shares were subscribed between October 29, 2014 and December 1, 2014. The share subscription prices were recorded in the Company´s invested non-restricted equity fund. Each increase in the number of the Company´s shares was entered into the Finnish Trade Register on February 10, 2014, April 14, 2014, June 26, 2014, August 27, 2014, October 28, 2014 and December 12, 2014. The trading with the registered shares started on February 11, 2014, April 15, 2014, June 27, 2014, August 29, 2014, October 29, 2014 and December 15, 2014 as an additional lot of Elektrobit Corporation´s shares in NASDAQ OMX Helsinki Ltd. At the end of the period, the number of shares in Elektrobit Corporation totaled 131,493,144.
More information and the terms and conditions of stock options 2008 are available in the Company´s web pages at www.elektrobit.com/investors.