TELESTE CORPORATION STOCK EXCHANGE ANNOUNCEMENT 6.2.2007 AT 11.30
SHARES SUBSCRIBED WITH TELESTE 2002B STOCK OPTIONS IN TELESTE CORPORATION
A total of 5,668 shares in Teleste Corporation have been subscribed for with the
Teleste 2002B stock options after the increase in the share capital registered
on 20 November 2006. In accordance with the Terms and Conditions, the share
subscription price with the Teleste 2002B stock options is EUR 2.29.
The share subscription period with the Teleste 2002B stock options commenced in
February 2006. The stock option program was approved by the Annual General
Meeting on 8 April 2002.
These shares, 5,668 in total, have been entered into the Trade Register on 6
February 2007. As a result of the share subscriptions, the share capital of
Teleste was increased by a total of EUR 2,267.20 and the number of shares by a
total of 5,668 shares.
The registered share capital of Teleste is thus EUR 6,957,988.00 and the number
of shares is 17,394,970 on 6 February 2007. The nominal value of the share is
The holders of the new shares are entitled to all shareholders' rights from the
registration date, i.e. 6 February 2007. Listing of the new shares will be
applied for on the Helsinki Stock Exchange together with the old shares
beginning 7 February 2007.
Teleste is an international technology group founded in 1954, which is
specialized in broadband data communication systems and solutions. The group is
divided into two Strategic Business Units: Broadband Cable Networks and Video
Networks. Broadband Cable Networks serves cable operators and a major part of
its business activities are handled through direct customer contact. Video
Networks supplies solutions for optical signal transmission and video network
management software solutions for video surveillance and a major part of its
business is handled through system integrators. Both Business Units are among
the leading providers in their market areas and are globally recognized for
their know-how and ability to produce technically cutting edge solutions year
after year. In 2006 the group's net sales totalled EUR 101.8 million and the
group employed 621 persons at the year-end. The company has approximately 30
offices world-wide and over 90% of Teleste's net sales are generated outside
Finland. The company is listed on the Helsinki Stock Exchange. Visit
www.teleste.com for more information.
CFO Erja Saarikoski tel. +358 2 2605 685 or +358 40 550 9677
Helsinki Stock Exchange