KESKO CORPORATION STOCK EXCHANGE RELEASE 29.03.2007 AT 15.15
Kesko Corporation's year 2003 scheme stock options under the symbol 2003F, approved at the Annual General Meeting of 31 March 2003, will be included on the main list of the Helsinki Stock Exchange for public trading as from 2 April 2007.
The total number of year 2003 stock options under the symbol 2003F (trading symbol: KESBVEW303; ISIN code: FI0009609333) is 600,000. Each stock option entitles its holder to subscribe for one (1) new Kesko Corporation B share during 1 April 2007 to 30 April 2010 at a subscription price that corresponds to the trade volume weighted average price of a Kesko Corporation B share on the Helsinki Stock Exchange during the period 1 to 30 April 2005 (EUR 19.08), with a deduction of the amount of dividends decided after the period for the determination of the subscription price has begun but before share subscription, on the record date of each dividend distribution.
Currently the subscription price of a share subscribed for with a 2003F stock option is EUR 16.48.
Kesko Corporation's Annual General Meeting held on 31 March 2003 decided to gratuitously issue a total of 1,800,000 stock options to the management of the Kesko Group as well as to a wholly-owned subsidiary of Kesko Corporation. The options were marked with symbols 2003D, 2003E and 2003F in units of 600,000 options each. A deviation was made from the shareholders' pre-emptive right to subscription since the stock options form a part of the incentive and commitment programme for the management. The stock options have been included in the book-entry securities system.
A total of 600,000 new Kesko Corporation B shares can be subscribed for with the 2003F stock options. The company share capital can increase by EUR 1,200,000 at the maximum as a result of subscriptions made with the 2003F stock options. At present, the total number of Kesko Corporation shares is 97,543,113, of which 31,737,007 are A shares and 65,806,106 are B shares. Each A share entitles the holder to ten (10) votes and each B share to one (1) vote. Kesko Corporation's share capital is currently EUR 195,086,226.
The dividend right and other shareholder rights carried by shares subscribed for with stock options take effect after the share capital increase has been entered in the Trade Register.
On 23 February 2005, Financial Supervision granted the company a permission to be exempted from the obligation to publish a prospectus in connection with applying for listing stock options on the main list of the Helsinki Stock Exchange and offering new Kesko Corporation B shares subscribed for with stock options and applying for their listing on the main list of the Helsinki Stock Exchange.
The shares can be subscribed at the offices of Nordea Bank Finland Plc.
Further information is available from Corporate Counsel Jarkko Karjalainen, telephone +358 1053 22602.
Kesko Corporation
The whole stock exchange release is published at www.kesko.fi. You can download the release in pdf format from the link below.
Harri Utoslahti
Communications Manager
Communications Manager
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