Stock options
BackThe Board of Directors of Elisa has resolved, by authorization of the Annual General Meeting of Shareholders of 19 March 2007, that stock options be issued to Elisa’s and its subsidiaries’ key personnel and to a wholly owned subsidiary of Elisa.
The option program is for 150-200 key employees but excludes employees who belong to the top management incentive share based remuneration program adapted in 2006. Same person cannot belong both to the option program and to the incentive share based remuneration program.
The stock options entitle to subscribe for a maximum total of 2,550,000 new shares or existing shares held by Elisa. The stock options are divided into three series: 2007A, 2007B and 2007C, all of which entitle to 850,000 shares. The detailed terns and conditions of this stock option scheme are here. The stock options now issued constitute a maximum of 1.5 per cent of Elisa’s shares and voting rights.
The offices of Nordea Bank in Finland act as subscription places.
|
Elisa 2007A Stock Options |
Amount |
Subscribed shares by 16 Mar 2012 | Subscribed shares by 30 Dec 2011 | Subscribed shares by 24 Oct 2011 |
Original share price determination, EUR |
Price now, EUR |
Subscription period |
|
A* |
477,850 |
12,375 pcs |
Nov/ 2007; 20.84 |
15.72 |
Matured | ||
|
B* |
582,000 |
70,204 | 323 013 | 19,789 pcs |
Nov/2008; 11.89 |
6.87 |
1.12.2010 - 31.5.2012 |
|
C* |
614,000 |
28,810 |
Nov/2009; 13.99 |
9.97 |
1.12.2011 - 31.5.2013 |
* A is distributed, listed and matured; B is distributed and listed; C is distributed and listed
Tradind of Elisa 2007C Stock Options Begins
Trading of Elisa 2007B Stock Options Begins
Trading of Elisa 2007A Stock Options Begins
Elisa's Share-based Incentive Plan in 2009-2011 and The Distribution of Series 2007C Stock Options