Espoo, Finland, 2011-05-06 10:00 CEST (GLOBE NEWSWIRE) -- Dovre Group Plc Stock Exchange Release May 6, 2011 at 11.00 a.m.
The share subscription price for Dovre Group Plc stock option 2010B is EUR 0.47 per share (the trade volume average daily price of the share on the NASDAQ OMX Helsinki Ltd. during 1 January - 31 March 2011).
A total of 775,000 new shares or existing shares held by the company can be subscribed for with stock options 2010B. The share subscription period for stock options 2010B will be 1 March 2013 - 28 February 2016.
The theoretical market value of a stock option 2010B is EUR 0.17 per stock option. The theoretical market value of the stock option series is thus approximately EUR 129 thousand. The theoretical market value of one stock option has been calculated by using the Black & Scholes stock option pricing model with the following input factors: share price EUR 0.50, share subscription price EUR 0.47, risk free interest rate 2.8%, validity of stock options 4.8 years, and volatility 29%.
The terms and conditions of the Stock Options 2010 are available on the company's internet pages www.dovregroup.com.
Dovre Group Plc
Ilkka Toivola
CEO
Dovre Group is a global provider of project management services and software. Dovre Group consists of three divisions: Project Personnel, Consulting, and Software. In 2010, the Group’s net sales were EUR 71 million. Dovre Group employs over 400 people serving clients in 21 countries worldwide.
DISTRIBUTION
NASDAQ OMX Helsinki Ltd.
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