Of the 550,000 warrants that were subscribed for, 150,000 were offered for subscription to the Group's key personnel and 400,000 were offered for subscription to Amera Oy, a company belonging to the group of Amer Group of companies, in order that the warrants may, at a later date, be offered to key persons nominated by Amer Group's Board of Directors, provided that the financial targets set by the Board of Directors for the Company's growth and profitability are reached.
The share subscription price is EUR 40.60, which according to the warrant terms was the trade volume weighted average quotation of Amer Group Plc shares on the Helsinki Exchanges during the period 2 January - 14 February 2004 plus 10 per cent. The subscription period of the shares will commence on 1 January 2007 and end on 31 December 2009.