Vantaa, Finland, 2014-09-17 12:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc Stock Exchange Release 17 September 2014 at 1.00 pm (EET)
Cramo Plc applies for listing of stock options 2011
The Board of Directors of Cramo Plc has resolved to apply for listing of stock options rights 2011 on NASDAQ OMX Helsinki to commence on 1 October 2014.
A total of 1,000,000 stock options 2011 were issued. There are currently 95 key employees holding a total of 787,000 stock options 2011. A wholly-owned subsidiary of Cramo Plc currently holds 213,000 stock options 2011, which will not be used for share subscription.
The share subscription period for stock options 2011 will commence on 1 October 2014 and end on 31 December 2015. Each stock option 2011 entitles its holder to subscribe for one (1) new share in the Company or existing share held by the Company. Payment of shares shall be effected on subscription.The share subscription price currently amounts to EUR 5.98 per share. The amount of the dividend decided before share subscription will be deducted from the share subscription price as per the dividend record date.
New shares subscribed with stock options 2011 shall be listed as additional lots of Cramo shares on the main list of NASDAQ OMX Helsinki together with the old shares after the new shares have been registered.
Evli Bank Plc acts as a subscription place for share subscriptions with Cramo Plc 2011 stock options.
The shares subscribed for under the stock options 2011 during 2014 are planned to be registered in the Trade Register and listed on NASDAQ OMX Helsinki according to the following timetable:
|
Share subscription deadline |
Entry into the Trade Register on or about |
New shares tradable on or about |
| 31 December 2014 | 16 January 2015 |
19 January 2015 |
The shares subscribed with the options entitle holders to dividends after the shares have been registered. Cramo reserves the right to change any of the Trade Register entry dates indicated above, if necessary. Also, Cramo does not assume any liability for non-registrations occurring on any of the above-mentioned dates.
The terms and conditions of the stock options 2011 with additional information are available on the company’s website www.cramo.com.
CRAMO PLC
Vesa Koivula
President and CEO
Further information:
Vesa Koivula, President and CEO, tel: +358 40 510 5710
Distribution:
NASDAQ OMX Helsinki Ltd.
Major media
www.cramo.com
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries with 360 depots. With a group staff of around 2.500, Cramo's consolidated sales in 2013 were EUR 660 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd. Further information: www.cramo.com.