A total of 33,780 new B shares were subscribed for with Kesko Corporation's year 2000 B stock options, 10,700 new B shares with the year 2000 C stock options, and 4,500 new B shares with the year 2003 stock options marked with symbol 2003D. The book counter value of a B share is EUR 2.00. In accordance with the terms and conditions of the stock option schemes, the subscription price of the shares with B stock options is EUR 7.87, with C stock options EUR 6.11, and with the stock options marked with symbol 2003D EUR 5.63 per share. In consequence of these subscriptions, Kesko Corporation's registered share capital increases by EUR 97,960 to a total of EUR 192,645,910.
After this increase, the total number of Kesko Corporation's shares has risen to 96,322,955, of which 31,737,007 are A shares and 64,585,948 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 year 2000 B and C stock options are based on the decision made by Kesko Corporation's Annual General Meeting, held on 10 April 2000, to offer stock options to Kesko Corporation's top or middle management. In accordance with the year 2000 stock option scheme, 3,825,000 B stock options and 2,015,000 C stock options, a total of 5,840,000 stock options, were issued. One stock option entitles to subscribe for one Kesko Corporation's B share until the end of subscription period on 31 March 2006. After this share capital increase, a total of 817,745 B shares remain to be subscribed for with B and C stock options, which correspond to a share capital increase of EUR 1,635,490.
The stock options with symbol 2003D 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 marked with symbol 2003D entitles to subscribe for one Kesko Corporation's B share until the end of the subscription period on 30 April 2008. After this increase in the share capital, stock options marked with symbol 2003D entitle to further subscribe for a total of 419,700 B shares, which correspond to an increase of EUR 839,400 in the share capital. The share subscription periods of stock options marked with symbols 2003E and 2003F have not yet started.
The shares can be subscribed for at the offices of Nordea Bank Finland Plc.
The terms and conditions of the year 2000 stock option scheme were published in a stock exchange release on 10 April 2000. The amendment to the terms and conditions approved by the 2005 Annual General Meeting was published in a stock exchange release on 30 March 2005. 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 General Counsel Anne Leppälä-Nilsson, tel. +358 1053 22347.
Kesko Corporation
Paavo Moilanen
Senior Vice President, Corporate Communications
Senior Vice President, Corporate Communications
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Helsinki Stock Exchange
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Helsinki Stock Exchange
Main news media