Thu May 28 10:30 am 2015 in category Stock exchange releases
Nokian Tyres plc Stock Exchange Release 28 May 2015, 10:30 a.m.
Share subscription price and market value of Nokian Tyres plc stock options 2013C
The Annual General Meeting of Shareholders decided on 11 April 2013 on issue of stock options to the Nokian Tyres Group personnel and to a fully owned subsidiary of the Company. The share subscription price for stock option 2013C is EUR 24.42 per share (the trade volume weighted average quotation of the share on NASDAQ Helsinki Ltd. during 1 January – 30 April 2015). Each year dividends and equity returns will be deducted from the share subscription price.
A total of 1,150,000 new shares or existing shares held by the Company can be subscribed for with stock options 2013C. The share subscription period for stock options 2013C will be 1 May 2017 – 31 May 2019.
The theoretical market value of one stock option 2013C is EUR 9.81. The theoretical market value of the stock options 2013C is EUR 11,281,500 in total. The theoretical market value of one stock option has been calculated through the use of Black & Scholes stock option pricing model with the following input factors: share price EUR 29.28, share subscription price EUR 24.42, risk free interest rate 0.60%, validity of stock options four years and volatility 32.5%.
The terms and conditions of the Stock Options 2013 are available on the Company’s internet pages https://www.nokiantyres.com/company/investors/share/stock-options/
Nokian Tyres plc
Vice President, Marketing and Communications
Further information: Anne Leskelä, Vice President, CFO & IR, tel. +358 10 401 7481
Distribution: NASDAQ Helsinki, media and www.nokiantyres.com