TELESTE CORPORATION’S SHARES SUBSCRIBED WITH STOCK OPTIONS

Turku, Finland, 2013-11-13 08:30 CET (GLOBE NEWSWIRE) --
 

TELESTE CORPORATION  STOCK EXCHANGE RELEASE  13.11.2013 AT 09:30

 

TELESTE CORPORATION’S SHARES SUBSCRIBED WITH STOCK OPTIONS

A total of 14 000 shares have been subscribed for with Teleste Corporation’s 2007C stock options by 25 October 2013. As a result of the share subscriptions, the number of Teleste’s shares will increase to 18 776 320 shares.

The increase in new shares has been entered into the Finnish trade register on 13 November 2013. The subscribed shares will be listed on the NASDAQ OMX Helsinki Ltd and trading will commence along with the old shares as of 14 November 2013.

Identifiers of Teleste’s share after the registration:
Trading code: TLT1V
ISIN code: FI0009007728
Number of shares: 18 776 320

Teleste is an international technology company that develops and offers video and broadband technologies and related services. Our supply of technology contributes to the convenience and safety of daily living. Our core business is video - image and data processing, transfer and management. Our customer base consists of cable and telecom operators, as well as public sector organizations. Our business is divided into two divisions, which are Video and Broadband Solutions and Network Services. In both areas, we rank among the world's leading companies and technological forerunners. Video and Broadband Solutions focuses on access networks and product solutions in video surveillance applications. Network Services offers comprehensive services for network design, construction and maintenance. In 2012, Teleste's net sales totaled EUR 194 million, and the company employed more than 1,300 people. Teleste runs a worldwide network of offices and more than 90% of its sales are generated outside Finland. The company is listed on the NASDAQ OMX Helsinki Ltd. For more information see www.teleste.com

 

TELESTE CORPORATION

Jukka Rinnevaara
CEO

 

ADDITIONAL INFORMATION:
CEO Jukka Rinnevaara, phone +358 2 2605 866 or +358 400 747 488

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