TELESTE APPLIES FOR LISTING OF STOCK OPTIONS 2007B and 2007C

Turku, Finland, 2012-03-22 08:00 CET (GLOBE NEWSWIRE) --

TELESTE CORPORATION STOCK EXCHANGE RELEASE 22.3.2012 AT 09:00

 

TELESTE APPLIES FOR LISTING OF STOCK OPTIONS 2007B and 2007C

Teleste Corporation applies for listing of stock option rights 2007B and 2007C of Teleste Corporation Stock Options 2007 programme on NASDAQ OMX Helsinki stock exchange to commence on 2 April 2012.                                  

A total of 280,000 stock options 2007B were issued. There are currently 33 key employees holding a total of 240.000 stock options 2007B. The company currently holds 40.000 stock options 2007B.

A total of 280,000 stock options 2007C were issued. There are currently 39 key employees holding a total of 261,000 stock options 2007C. The company currently holds 19,000 stock options 2007C.

Each stock option 2007B entitles its holder to subscribe for one share of Teleste Corporation at a subscription price of EUR 6.38. The share subscription period is from 1 April 2011 to 30 April 2013.

Each stock option 2007C entitles its holder to subscribe for one share of Teleste Corporation at a subscription price of EUR 3.37. The share subscription period is from 1 April 2012 to 30 April 2014.

As a result of the exercise of the outstanding stock options 2007B, the number of the Teleste Corporation shares may increase by a maximum of 280.000 new shares.

As a result of the exercise of the outstanding stock options 2007C, the number of the Teleste Corporation shares may increase by a maximum of 280.000 new shares.

Evli Bank plc acts as a subscription place for share subscriptions with Teleste Corporation 2007 stock options. 

The shares subscribed for under stock options 2007 during 2012 will be registered in the Trade Register and listed on NASDAQ OMX Helsinki on the following target dates:

 

Share subscriptioin deadline Entry into the Trade Register on or about New shares tradable on or about
April 23, 2012 May 11, 2012 May 14, 2012
June 12, 2012 July 2, 2012 July 3, 2012
September 25, 2012 October 12, 2012 October 15, 2012
October 26, 2012 November 14, 2012 November 15, 2012
December 14, 2012 January 7, 2013 January 8, 2013

 

Shares will establish shareholders rights as of the date of share registration.

The terms and conditions of Teleste Corporation Stock Options 2007 with additional information are available on the company's website www.teleste.com/Investors/Teleste Share

 

TELESTE CORPORATION

Jukka Rinnevaara
CEO

 

DISTRIBUTION:
NASDAQ OMX Helsinki
Main Media
www.teleste.com