Helsinki, Finland, 2014-02-28 08:00 CET (GLOBE NEWSWIRE) --
STOCKMANN plc, Corporate Action 28.2.2014 at 9:00 EET
Stockmann plc applies for its 2010B key employee share options to become subject to trade on Nasdaq OMX Helsinki stock exchange as from 3 March 2014. The listing comprises 273 000 of 2010B share options. Each option entitles its holder to subscribe for one Series B share in Stockmann plc. The subscription period for shares with the share options 2010B is 1 March 2014 - 31 March 2016.
The share subscription price is based on the volume-weighted average price of the Series B share on the Helsinki stock exchange during the period 1–28 February 2011 increased by 10 per cent. The share subscription price is decreased on each record date for dividend distribution by the amount of dividend decided after the beginning of the subscription price determination period but before the share subscription. The subscription price is at the moment EUR 23.80 per share.
The terms of the share option programme can be found on the Group’s web site
www.stockmanngroup.fi/en/key-employee-share-options-2010.
Further information:
Jukka Naulapää, Director, Legal affairs, tel. +358 9 121 3850.
www.stockmanngroup.com
STOCKMANN plc
Hannu Penttilä
CEO
Distribution:
NASDAQ OMX
Principal media