Share subscriptions with Kesko's 2007C options

KESKO CORPORATION STOCK EXCHANGE NOTIFICATION 10.02.2014 AT 09.00 Share subscriptions with Kesko's 2007C options By 24 January 2014, a total of 85,067 new company B shares had been subscribed for with the 2007C options based on Kesko Corporation's 2007 option scheme. The subscribed shares have today been entered in the Trade Register. The whole subscription price of EUR1,041,220.08 is recorded in the company's reserve of invested non-restricted equity...

KESKO CORPORATION STOCK EXCHANGE NOTIFICATION 10.02.2014 AT 09.00

 

Share subscriptions with Kesko's 2007C options

 

By 24 January 2014, a total of 85,067 new company B shares had been subscribed for with the 2007C options based on Kesko Corporation's 2007 option scheme. The subscribed shares have today been entered in the Trade Register. The whole subscription price of EUR1,041,220.08 is recorded in the company's reserve of invested non-restricted equity. As a result of the subscriptions, the number of the company's B shares has risen to 68,180,753. The new B shares will be available for public trading on NASDAQ OMX Helsinki together with the old B shares from Tuesday, 11 February 2014.

 

By 24 January 2014, a total of 85,067 new B shares had been subscribed for with 2007C options. The share subscription price with 2007C options is EUR12.24.

 

After the subscriptions, the total number of company shares has risen to 99,917,760, of which 31,737,007 are A shares and 68,180,753 are B shares. Each A share carries ten votes and each B share one vote. After the subscriptions, the number of votes carried by the company shares is 385,550,823. The new B shares carry the right to dividend and other shareholder rights with effect from today.

 

The options are based on the resolution on the 2007 option scheme passed by the company's Annual General Meeting on 26 March 2007. Three units with an equal number of shares, i.e. 2007A, 2007B and 2007C, or an aggregate of 3,000,000 options have been issued under the scheme. One option entitles its holder to subscribe for one company B share during the subscription period, which is 1 April 2012-30 April 2014 for 2007C options. The share subscription periods for 2007A and 2007B options have expired earlier.

 

2007C options can be exercised to subscribe for 392,792 more new B shares.

 

The terms and conditions of the 2007 option scheme can be read on Kesko's website at www.kesko.fi. The terms and conditions of the option scheme were also published in a stock exchange release on 26 March 2007.

 

Further information is available from Corporate Counsel Saara Rautanen, telephone +358 105 322 602.

 

 

Kesko Corporation

 

 

Merja Haverinen
Vice President, Corporate Communications

 

 

DISTRIBUTION
NASDAQ OMX Helsinki
Main news media
www.kesko.fi

 

Copyright GlobeNewswire

Regulatory News
This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: %s via Globenewswire


[HUG#1760314]