eQ PLC STOCK EXCHANGE RELEASE
5 November 2015, at 11:25 am
THE BOARD OF DIRECTORS OF eQ PLC HAS DECIDED ON A NEW OPTION PROGRAM AND TO ISSUE OPTION RIGHTS TO KEY EMPLOYEES OF THE eQ GROUP
Based on the authorisation by the Annual General Meeting held on 25 March 2015, the Board of Directors of eQ Plc has decided on a new option program.
A maximum of 2 000 000 option rights are issued and each option right entitles to subscribe for one new share in the company. Based on the option rights, the number of the shares of the company may increase with a maximum of 2 000 000 new shares and the shares subscribed based on the option rights constitute no more than 5.44 per cent of the company's total number of shares. The share subscription period begins on 1 April 2019 and ends on 1 April 2021. The subscription price with an option right is EUR 5.15 per share. The subscription price is further reduced in situations mentioned in the terms, for example with dividends distributed before the subscription of the shares and the amount of the repayment of the distributable non-restricted equity. The subscription price corresponds to the weighted average quotation of the company share at Nasdaq OMX Helsinki Oy during a period of two months. The subscription price of the shares shall be credited in full to the reserve for invested unrestricted equity.
Based on the option program 2015, the Board of Directors of eQ Plc has on 5 November 2015 decided to grant altogether 1 775 000 option rights to key employees of the eQ Group, selected by the Board. Approximately one fourth of the eQ Group’s personnel is included in the program. The company has a weighty financial reason for issuing the option rights, since the option rights are intended to form part of the commitment scheme for the key personnel. The option rights are used to increase the option rights recipients’ commitment to the company and to encourage key personnel for long-term work to increase the shareholder value.
The terms of the option program 2015 are included in their entirety as an attachment and they are also available on eQ Plc's website.
Helsinki 5 November 2015
eQ Plc
BOARD OF DIRECTORS
Additional information: Janne Larma, CEO, tel. +358 9 6817 8920
Distribution: NASDAQ Helsinki, www.eQ.fi
eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group
total approximately EUR 7.4 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.
More information about the Group is available on our website at www.eQ.fi.
