TELESTE CORPORATION STOCK EXCHANGE ANNOUNCEMENT 16.2.2007 AT 13:00
DISPOSAL OF TELESTE CORPORATION OWN SHARES ON 16 FEBRUARY 2007
Date: 16 February 2007
Basis for Disposal: The shares are disposed to the President and CEO and
members of the Management Group in accordance with the
incentive plan determined by the Board of Directors.
Trading Code: TLT1V
Number of Shares: 10,180 shares
Price/share: Gratuitous
After the disposal on 16 February 2007, the number of own shares in Telestes
possession is 444,820 shares.
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.
TELESTE CORPORATION
Jukka Rinnevaara
CEO
ADDITIONAL INFORMATION:
CFO Erja Saarikoski tel. +358 2 2605 685 or +358 40 550 9677
DISTRIBUTION:
Helsinki Stock Exchange
www.teleste.com