Tecnomen Corporation STOCK EXCHANGE RELEASE
7 May 2009 at 4.30 pm
SHARE SUBSCRIPTION PRICE WITH TECNOMEN LIFETREE STOCK OPTIONS 2009 AND MARKET
VALUE OF THE OPTION SERIES
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.
Tecnotree Corporation, Finnoonniitynkuja 7, FIN-02271 Espoo, Finland, Tel +358 9 804 781 | Privacy Statement | Personal Profile
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