PKC Group Oyj Company Announcement 29 March 2011 9.30 am
PKC GROUP OYJ’S SHARE CAPITAL INCREASE BASED ON 2006 STOCK OPTION SCHEME
A total of 199,270 PKC Group Oyj’s shares have been subscribed for with 2006 options (136,230 with 2006A options and 63,040 with 2006B options). The new shares and the corresponding increase in the share capital, EUR 67,751.8, have been entered into the Trade Register on 29 March 2011. The new shares will be traded on the main list of the NASDAQ OMX Helsinki Ltd together with the old shares as of 30 March 2011.
After the increase the Company’s registered share capital is EUR 6,067,275.16, divided into 19,800,602 shares. The shares will entitle their holders to dividends and other shareholder rights in the Company as of the date of registration of the shares in the Trade Register.
The share subscriptions are based on the stock option scheme initiated in 2006, which comprises a total of 697,500 options divided into A, B and C options. The share subscription price for the 2006 stock options is the volume-weighted average price of the PKC Group Oyj share on NASDAQ OMX Helsinki, with dividend adjustments, as defined in the stock option terms (at present, EUR 10.09 for the 2006A, 2006B and 2006C warrants). The share subscription period is for 2006A warrants 1 April 2009 – 30 April 2011, for 2006B warrants 1 April 2010 – 30 April 2012, and for 2006C warrants 1 April 2011 – 30 April 2013.
Through the exercise of the 2006 stock options, the share capital may be increased by a maximum total of 697,500 new shares and EUR 237,150. After the registration of the current subscription, the Company’s share capital may further be increased by a maximum of 448,420 shares i.e. EUR 152,462.8 as a result of the exercise of the remaining outstanding option rights.
The terms and conditions of stock options 2006 and further information on the stock option scheme are available on the company's web site www.pkcgroup.com.
PKC GROUP OYJ
Board of Directors
Harri Suutari
President & CEO
For more information, please contact:
Harri Suutari, President & CEO, PKC Group Oyj, tel. +358 (0)400 384 937
DISTRIBUTION
NASDAQ OMX
Main media
www.pkcgroup.com
The PKC Group offers design and contract manufacturing services for wiring harnesses, cabling and electronics. The Group has production facilities in Finland, Brazil, China, Mexico, Poland, Estonia and Russia. The Group's net sales in 2010 totalled EUR 316.1 million. PKC Group Oyj is listed on NASDAQ OMX Helsinki Ltd.