PKC Group Plc Company Announcement 7 March 2016 9.05 a.m.
PKC Group applies for listing of 2012B options
In accordance with decision by the Board of Directors, PKC Group applies for listing of stock options 2012B of PKC Group Plc Stock Option Plan 2012 on Nasdaq Helsinki to commence on 1 April 2016.
A total of 170,000 2012B (i) and 170,000 2012B (ii) options were issued. It has been decided to convert all PKC Group 2012B (ii) options into PKC Group 2012B (i) options. As a result of the conversion, the number of 2012B (i) options amounts to 340,000 pcs. Each option entitles its holder to subscribe for one new share in the Company or existing share held by the Company. The share subscription price is EUR 16.65 with the 2012B options. The share subscription period is 1 April 2016-30 April 2018.
As a result of the exercise of the outstanding options 2012B, the number of the Company’s shares may increase by a maximum of 340,000 new shares. New shares subscribed with options 2012B will be listed on the main list of the Nasdaq Helsinki together with the company’s old shares after the new shares have been registered. Shares will establish shareholders rights as of the date of share registration.
Evli Bank Plc acts as a subscription place for share subscriptions with Company’s 2012 options.
The terms and conditions of PKC Group Plc Stock Option Plan 2012 and further information are available on the company's website www.pkcgroup.com.
PKC Group Plc
Board of Directors
Matti Hyytiäinen
President & CEO
For additional information, contact:
Matti Hyytiäinen, President & CEO, PKC Group Plc, +358 400 710 968
Distribution:
Nasdaq Helsinki
Main media
www.pkcgroup.com
PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry, rolling stock manufacturers and other selected segments. The Group has production facilities in Brazil, China, Estonia, Finland, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue in 2015 totalled EUR 908.0 million. PKC Group Plc is listed on Nasdaq Helsinki.