Helsinki, Finland, 2014-12-23 12:30 CET (GLOBE NEWSWIRE) --
SSH COMMUNICATIONS SECURITY CORPORATION COMPANY ANNOUNCEMENT DECEMBER 23, 2014 AT 1:30PM
SHARE SUBSCRIPTIONS, CANCELLATION OF STOCK OPTIONS IN THE POSSESSION OF THE COMPANY AND UPDATE OF OPTION RIGHTS STATUS
A total of 53.100 new shares of SSH Communications Security Corporation were subscribed for with the I/2012A options based on Company´s 2012 option scheme.
Option Program (I/2012) was adopted by the Board of Directors on July 27, 2012 on the basis of an authorization of the General Meeting of the Shareholders.
As a result of the subscriptions, the share capital of the company has risen to EUR 929.220,99 and the total number of shares is 30.974.033. The increase in the share capital, in total EUR 1.593,00 was registered in the Finnish Trade Register today.
The subscribed shares have today been entered in the Finnish Trade Register. The new shares will be available for public trading on the main list of NASDAQ OMX Helsinki Ltd. together with the old shares on December 29, 2014.
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 46.900 I/2012 stock options have been cancelled
- A total of 55.000 I/2013 stock options have been cancelled
The cancellation of option rights has been registered with the Trade Register today.
Option rights issued on the basis of the Option Programs of the Company are unused as follows:
A total of 1.261.600 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 1.485.000 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, December 23, 2014
SSH COMMUNICATIONS SECURITY CORPORATION
Jyrki Lalla
CFO
Further Info:
Jyrki Lalla, CFO, +358 45 340 4641
Distribution:
NASDAQ OMX Helsinki Oy
Major Media
www.ssh.com
SSH Communications Security is the market leader in developing advanced security solutions that enable, monitor and manage encrypted networks. Over 3,000 customers across the globe trust the company’s encryption, access control and encrypted channel monitoring solutions to meet complex compliance requirements, improve their security posture and save on operational costs. SSH Communications Security is headquartered in Helsinki and has offices in the Americas, Europe and Asia. The company’s shares (SSH1V) are quoted on the NASDAQ OMX Helsinki. For more information, visit www.ssh.com