Stock Exchange Release
Free for publication on December 11, 2015 at 8.30 am (CET+1)
The number of the Bittium Corporation's shares has increased through share subscriptions pursuant to series 2008C stock options and listing time schedule in 2016
A total of 1,800 new shares in Bittium Corporation were subscribed for between October 30, 2015 and November 30, 2015, pursuant to series 2008C stock options. The share subscription price, EUR 990 has been recorded in the Company's invested non-restricted equity fund.
The corresponding increase in the number of the Company's shares has been entered into the Finnish Trade Register on December 11, 2015. Shareholder rights by virtue of the new shares commence as of the abovementioned registration entry date. Trading with the newly registered shares will start on December 14, 2015 as an additional lot of Bittium Corporation's shares in NASDAQ OMX Helsinki Ltd. After the registration of the new shares, the number of shares in Bittium Corporation's totals to 35,600,168.
The share subscription period for stock options 2008C will end on March 31, 2016. The terms and conditions of stock options 2008 are available at www.bittium.com/investors in the Company's web pages.
The Board of Directors of Bittium Corporation has decided upon the listing time schedule in 2016 for shares to be subscribed for pursuant to series 2008C stock options, as follows:
Shares subscribed by January 26, 2016 including this day, will be listed on or around February 10, 2016 Shares subscribed by March 31, 2016 including this day, will be listed on or around April 15, 2016
In Oulu, December 11, 2015
Bittium Corporation Hannu Huttunen CEO
Further information:
Kari Jokela Chief Legal Officer Bittium Corporation Tel. +35840 344 5258
Distribution:
NASDAQ Helsinki Main media
Bittium
Bittium is specialized in developing reliable and secure communications and connectivity solutions using the latest technologies and deep knowledge on radio technology. Bittium provides innovative products and customized solutions based on its product platforms, and R&D services for customers in various industries. Bittium also offers high quality information security solutions for mobile devices and portable computers. Net sales of continuing operations in 2014 was EUR 52.7 million and operating profit was EUR 0.8 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com
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