KESKO CORPORATION STOCK EXCHANGE NOTIFICATION 07.08.2006 AT 10.00
A total of 59,000 new Kesko Corporation B shares have been subscribed for with the stock options marked with symbols 2003D and 2003E in Kesko Corporation's 2003 stock option scheme. The corresponding increase in the share capital, €118,000, has been entered in the Trade Register today. The new B shares will be included in the main list of the Helsinki Stock Exchange with the old B shares for public trading on Tuesday, 8 August 2006.
A total of 26,500 new B shares were subscribed for with Kesko Corporation's year 2003 stock options marked with symbol 2003D and 32,500 new B shares with stock options marked with symbol 2003E. The book counter value of a B share is €2.00. In accordance with the terms and conditions of the stock option scheme, the subscription price of the shares with options marked with symbol 2003D is €4.53 per share and with options marked with symbol 2003E €12.09 per share. In consequence of these subscriptions, Kesko Corporation's registered share capital increases by €118,000 to a total of €194,723,610.
After this increase, the total number of Kesko Corporation's shares has risen to 97,361,805, of which 31,737,007 are A shares and 65,624,798 are B shares. Each A share entitles the holder to ten votes and each B share to one vote. The new B shares carry the right to dividend and other shareholder rights with effect from today.
The stock options marked with symbols 2003D and 2003E are based on the decision made by Kesko Corporation's Annual General Meeting on 31 March 2003 to offer stock options to the management of the Kesko Group. A total of 1,800,000 stock options were issued in the 2003 stock option scheme. The stock options were marked with symbols 2003D, 2003E and 2003F in such a way that each unit had 600,000 stock options. Each stock option entitles to subscribe for one Kesko Corporation B share until the end of the subscription period, the stock options marked with symbol 2003D until 30 April 2008 and the stock options marked with symbol 2003E until 30 April 2009. After this increase in the share capital, the stock options marked with symbol 2003D entitle to further subscribe for a total of 217,800 B shares, which correspond to an increase of €435,600 in the share capital, and the stock options marked with symbol 2003E entitle to further subscribe for a total of 559,100 B shares, which correspond to an increase of €1,118,200 in the share capital. The share subscription period of the options marked with symbol 2003F has not yet started.
The shares can be subscribed for at the offices of Nordea Bank Finland Plc.
The terms and conditions of the year 2003 stock option scheme were published in a stock exchange release on 31 March 2003.
Further information is available from Corporate Counsel Jarkko Karjalainen, tel. +358 1053 22602.
Kesko Corporation
Jarkko Karjalainen
Corporate Counsel
Corporate Counsel
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