STOCK EXCHANGE RELEASE 7 May 2009 at 4.30 pm
The share subscription price for Tecnomen Lifetree stock option 2009 is EUR 0.86/share (the trade volume weighted average quotation of the share on the NASDAQ OMX Helsinki Ltd. during the four week period ending November 17, 2008). From the share subscription price of the stock options shall, on the dividend record date, be deducted the amount of the dividend decided as of 1 January 2010 and before the respective share subscription.
A total of 1,026,005 Company´s shares can be subscribed for with stock options 2009A, 2,394,013 shares with stock options 2009B and 3,420,018 shares with stock options 2009C. The share subscription period for stock options 2009 A shall be 1 April 2009 - 31 March 2011, for stock options 2009B 1 April 2010 – 31 March 2012 and for 2009C 1 April 2011 – 31 March 2013. Notwithstanding the aforesaid, the commencement of the share subscription periods of a maximum of two-thirds of the stock options 2009B and 2009C shall be conditional to the Company having reached
its revenue and profitability targets set by the Board.
The theoretical market value of stock options 2009A is EUR 0.26/stock option. The theoretical market value of the entire stock option serie is thus EUR 266,761. 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 1.05, share subscription price EUR 0.86, risk free interest rate 1.5 %, validity of stock options 1.9 years and volatility 23.86 %.
The theoretical market value of stock options 2009B is EUR 0.33/stock option. The theoretical market value of the entire stock option serie is thus EUR 790,024. 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 1.05, share subscription price EUR 0.86, risk free interest rate 2.01 %, validity of stock options 2.9 years and volatility 30.84 %.
The theoretical market value of stock options 2009C is EUR 0.41/stock option. The theoretical market value of the entire stock option serie is thus EUR 1,402,207. 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 1.05, share subscription price EUR 0.86, risk free interest rate 2.48 %, validity of stock options 3.9 years and volatility
36.85 %.
The theoretical value of the entire 2009 stock option plan is EUR 2,458,992.
The terms and conditions of the Stock Option Plan 2009 are available on the
Company's internet pages www.tecnotree.com Tecnomen Lifetree announced the issue of the stock options 2009 on 19 March 2009 and coming into effect on 7 May 2009.
TECNOMEN CORPORATION
FOR FURTHER INFORMATION
Tuomas Wegelius, CFO, phone 358 9 8047 8650
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com
About Tecnotree
Tecnotree, (Tecnomen Lifetree) founded in 1978, is one of the leading suppliers of Business and Operations Support Systems (BSS/OSS) and Value Added Services (VAS) for telecom operators worldwide. Tecnotree markets and sells its products and services through its own organisation, as well as through global and local partners, and has supplied its products to more than 120 customers around the world. Headquartered in Espoo, Finland, Tecnotree has over 750 employees working in 20 locations worldwide. The company is listed on the main list of NASDAQ OMX
Helsinki Ltd with the trading code TEM1V. For more information on Tecnotree visit www.tecnotree.com.