BIOTIE THERAPIES CORP. Stock Exchange Release 28 February 2014
AT 8.50 AM
Biotie: Change in the number of votes
Biotie Therapies Corp. ("Biotie" or the "Company") has conveyed Biotie shares
held as treasury shares and that were issued on 2 January 2014 pursuant to the
Stock Option Plan 2011 and the Equity Incentive Plan 2011 as follows:
Shares conveyed Cumulative shares conveyed Remaining shares to be
since 2 January 2014 conveyed
15,000 338,750 2,982,910
Under the Stock Option Plan 2011, the owners of the stock options may subscribe
for a maximum total of 7,401,000 new shares in the Company or existing shares
held by the Company. No shares have been subscribed for during the period 28
January 2014 and 27 February 2014.
The first vesting period of the Equity Incentive Plan 2011 ended on 5 January
2014, after which the Company's shares shall be delivered to employees on the
basis of the granted share units. It was resolved pursuant to the authorization
of the Annual General Meeting of the Shareholders held on 4 April 2013 to issue
15,000 existing treasury shares to the employees without consideration for the
purposes of remunerating the employees pursuant to the terms and conditions of
the Equity Incentive Plan 2011 and thus, there is an especially weighty
financial reason to derogate from the pre-emptive right of the shareholders, as
referred to in Chapter 9 Section 4(1) of the Companies Act (624/2006, as
The conveyed shares previously held as treasury shares have not carried any
voting rights. The conveyance does not affect the number of registered shares.
After the conveyances the changes are as follows:
Increase in number of Total amount of Number of the Total number
outstanding shares voting rights Company's shares held of registered
by the Group shares
15,000 446,552,698 9,479,700 456,032,398
Turku, 28 February 2014
Biotie Therapies Corp.
Timo Veromaa, President and CEO
For further information, please contact:
Virve Nurmi, Investor Relations Manager, Biotie Therapies Corp.
tel. +358 2 274 8900, e-mail: email@example.com
NASDAQ OMX Helsinki Ltd
GlobeNewswire, a NASDAQ OMX company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.