Nokia, Finland, 2014-05-09 11:20 CEST (GLOBE NEWSWIRE) -- Nokian Tyres plc Stock Exchange Release 9 May 2014 at 12.20 p.m.
Share subscription price and market value of Nokian Tyres plc stock options 2013B
The Annual General Meeting of Shareholders decided on 11 April 2013 on issue of stock options to the Nokian Tyres Group personnel and to a fully owned subsidiary of the Company. The share subscription price for stock option 2013B is EUR 29.54 per share (the trade volume weighted average quotation of the share on NASDAQ OMX Helsinki Ltd. during 1 January – 30 April 2014). Each year dividends and equity returns will be deducted from the share subscription price.
A total of 1,150,000 new shares or existing shares held by the Company can be subscribed for with stock options 2013B. The share subscription period for stock options 2013B will be 1 May 2016 – 31 May 2018.
The theoretical market value of one stock option 2013B is EUR 6.41. The theoretical market value of the stock options 2013B is EUR 7,371,500 in total. The theoretical market value of one stock option has been calculated through the use of Black & Scholes stock option pricing model with the following input factors: share price EUR 27.76, share subscription price EUR 29.54, risk free interest rate 0.60%, validity of stock options four years and volatility 31%.
The terms and conditions of the Stock Options 2013 are available on the Company’s internet pages www.nokiantyres.com.
Nokian Tyres plc
Vice President, Marketing and Communications
Further information: Anne Leskelä, Vice President, CFO & IR, tel. +358 10 401 7481
Distribution: NASDAQ OMX Helsinki, media and www.nokiantyres.com