A total of 24,300 new B shares were subscribed with Kesko Corporation's C warrants. The book counter value of B share is 2.00 euros, its subscription price with C warrant is 10.11 euros. In consequence of these subscriptions, Kesko Corporation's registered share capital increases by 48,600 euros to a total of 182,429,600 euros.
After this increase, the total number of Kesko Corporation's shares has risen to 91,214,800, of which 31,737,007 are A shares and 59,477,793 are B shares. Each A share entitles the holder to ten votes and each B share to one vote. New B shares are entitled to a dividend for the first time for the financial year 2003 and the other shareholder rights they carry take effect today.
The B and C warrants are based on the decision made by Kesko Corporation's Annual General Meeting, held on 10 April 2000, to offer warrants to Kesko Corporation's top or middle management. In accordance with the year 2000 option scheme, 3,825,000 B warrants and 2,015,000 C warrants, a total of 5,840,000, were issued. One warrant entitles to the subscription of one Kesko Corporation B share until the end of subscription period on 31 March 2006. After this share capital increase, a total of 5,745,600 B shares remain to be subscribed with B and C warrants, which corresponds to a share capital increase of 11,491,200 euros. The shares can be subscribed at the offices of Nordea Bank Finland Plc.
For further information, please contact General Counsel Anne Leppälä-Nilsson, tel. +358 1053 22347.
Kesko Corporation
Corporate Communications
Corporate Communications
Atte Kaksonen
Manager
Manager
DISTRIBUTION
HEX Helsinki Exchanges
Main news media
HEX Helsinki Exchanges
Main news media