Stockmann applies for listing of additional 2010A share options at Helsinki stock exchange
Helsinki, Finland, 2013-03-27 14:15 CET (GLOBE NEWSWIRE) —
STOCKMANN plc, Corporate Action 27.3.2013 at 15.15 EET
Stockmann plc applies for additional Key Employee 2010 A share options to become subject to trade on Nasdaq OMX Helsinki stock exchange as from 5 April 2013. The listing comprises 84 000 of 2010A share options. Each option entitles its holder to subscribe for one Series B share in Stockmann plc. The subscription period for shares with the share options 2010A is 1 March 2013 – 31 March 2015.
The share subscription price is based on the volume-weighted average price of the Series B share on the Helsinki stock exchange during the period 1 – 28 February 2010 increased by 20 per cent. The share subscription price is decreased on each record date for dividend distribution by the amount of dividend decided after the beginning of the subscription price determination period but before the share subscription. The subscription price is at the moment EUR 23.77 per share.
The terms of the share option programme can be found on the Group’s web site
Jukka Naulapää, Director, Legal affairs, tel. +358 9 121 3850.