Stonesoft Oyj : SUBSCRIPTION PRICE AND MARKET VALUE OF STONESOFT CORPORATION
STOCK OPTIONS 2012B
Stonesoft Corporation Stock Exchange Release April 3, 2013 at 9:59 a.m.
SUBSCRIPTION PRICE AND MARKET VALUE OF STONESOFT CORPORATION STOCK OPTIONS
The Board of Directors of Stonesoft Corporation decided on 18 January 2012
based on the authorization by the Annual General Meeting of Shareholders on 13
April 2011 about the issuance of stock options to Stonesoft Group key
employees. The share subscription price for stock option 2012B is EUR 2.31 per
share (the trade volume weighted average quotation of the share on NASDAQ OMX
Helsinki Ltd during 1 February-31 March 2013). Annual dividends and equity
returns are deducted from the share subscription price.
A total of 1,500,000 new shares or existing shares held by Stonesoft
Corporation can be subscribed for with stock options 2012B. The share
subscription period for stock options 2012B will be 1 March 2016-31 March
2018. The share subscription period will only begin if the Net Sales in
consolidated financial statements of any financial year 2012-2016 is at least
forty-two (42) million Euros. The stock options for which the target has not
been attained will expire in a manner decided by the Board of Directors.
The theoretical market value of one stock option 2012B is EUR 1.07. The
theoretical market value of the stock options 2012B is EUR 1 605000 in total.
The theoretical market value of one stock option has been calculated based on
the Black-Scholes stock option pricing model with the following input factors:
share price EUR 2.20, share subscription price EUR 2.31, risk free interest
rate 1.8%, validity of stock options five years and volatility 57%.
The terms and conditions of the Stock Options 2012 are available on the
Company's internet pages www.stonesoft.com.
Chief Executive Officer
For further information, please contact:
CEO Ilkka Hiidenheimo, Stonesoft Corporation
Tel. +358 9 4767 11
NASDAQ OMX Helsinki Ltd
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Stonesoft Oyj via Thomson Reuters ONE
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