CANCELLATION OF STOCK OPTIONS AND UPDATE OF OPTION RIGHTS STATUS

        Print
| Source: SSH Communications Security Oyj
multilang-release

Helsinki, Finland, 2014-06-17 11:30 CEST (GLOBE NEWSWIRE) -- SSH COMMUNICATIONS SECURITY CORPORATION   COMPANY ANNOUNCEMENT   JUNE 17, 2014 AT 12:30 A.M.


CANCELLATION OF STOCK OPTIONS AND UPDATE OF OPTION RIGHTS STATUS


The Board of Directors of SSH Communications Security Corporation has decided to cancel the following option rights held by or returned to the Company.

  • A total of 110.000 I/2012 stock options have been cancelled
  • A total of 45.000 I/2013 stock options have been cancelled


The cancellation of option rights has been registered with the Trade Register on 16.6.2014.

Option rights issued on the basis of the Option Programs of the Company are unused as follows:

A total of 875 option rights which entitle to subscribe for new shares with the subscription price of EUR 13.87 under the Option Program (II/2000) as adopted by the Board of Directors on March 22, 2001 on the basis of an authorization of the General Meeting of the Shareholders, are unused.

A total of 1.530.000 option rights which entitle to subscribe for new shares with the subscription price of EUR 0.65 under the Option Program (I/2012) as adopted by the Board of Directors on July 27, 2012 on the basis of an authorization of the General Meeting of the Shareholders, are unused.

A total of 1.585.000 option rights which entitle to subscribe for new shares with the subscription price of EUR 1.66 under the Option Program (I/2013) as adopted by the Board of Directors on June 4, 2013 on the basis of an authorization of the General Meeting of the Shareholders, are unused.


Helsinki 17.6.2014

SSH COMMUNICATIONS SECURITY CORPORATION

Jyrki Lalla
CFO


Further info:
Jyrki Lalla, CFO. Tel. +358 45 340 4641

Distribution:
NASDAQ OMX Helsinki Oy
Major media
www.ssh.com


Founded in 1995, SSH Communications Security is the company that invented the Secure Shell protocol - the gold standard protocol for data-in-transit security solutions. Today, over 3,000 customers across the globe - including seven of the Fortune 10 - trust our Information Assurance Platform to secure the path to their information assets. We enable and enhance business for thousands of customers in multiple industries in the private and public sectors around the world. SSH Communications Security operates in the Americas, Europe, and APAC regions, with headquarters located in Helsinki, Finland. The company shares (SSH1V) are quoted on the NASDAQ OMX Helsinki.