Vantaa, Finland, 2013-09-13 08:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc Stock Exchange Release 13 September 2013 at 9.00 am EET
Cramo Plc applies for listing of stock options 2010
The Board of Directors of Cramo Plc has resolved to apply for listing of stock options rights 2010 on NASDAQ OMX Helsinki to commence on 1 October 2013.
A total of 1,000,000 stock options 2010 were issued. There are currently 94 key employees holding a total of 809,500 stock options 2010. A wholly-owned subsidiary of Cramo Plc currently holds 190,500 stock options 2010, which will not be used for share subscription.
The share subscription period for stock options 2010 will commence on 1 October 2013 and end on 31 December 2014. Each stock option 2010 entitles its holder to subscribe for 1.3 new shares in the Company or existing shares held by the Company. Payment of shares shall be effected on subscription. The share subscription price currently amounts to EUR 13.00 per share. The amount of the dividend decided before share subscription will be deducted from the share subscription price as per the dividend record date. The total number of shares subscribed for by the option holder will be rounded down to whole shares and the total subscription price will be paid for the rounded number of shares. New shares subscribed with stock options 2010 shall be listed as additional lots of Cramo shares on the main list of NASDAQ OMX Helsinki together with the old shares after the new shares have been registered.
Evli Bank Plc acts as a subscription place for share subscriptions with Cramo Plc 2010 stock options.
The shares subscribed for under the stock options 2010 during 2013 are planned to be registered in the Trade Register and listed on NASDAQ OMX Helsinki according to the following timetable:
| Share subscription deadline | Entry into the Trade Register on or about | New shares tradable on or about |
| 31 December 2013 | 16 January 2014 | 17 January 2014 |
The shares subscribed with the options entitle holders to dividends after the shares have been registered. Cramo reserves the right to change any of the Trade Register entry dates indicated above, if necessary. Also, Cramo does not assume any liability for non-registrations occurring on any of the above-mentioned dates.
The terms and conditions of the stock options 2010 with additional information are available on the company’s website www.cramo.com .
CRAMO PLC
Vesa Koivula President and CEO
Further information
Vesa Koivula, President and CEO, tel. +358 40 510 5710
Distribution NASDAQ OMX Helsinki Ltd. Major media www.cramo.com
Cramo is one of the largest equipment rental service companies in Europe, specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries with close to 400 depots. With a group staff around 2.550, Cramo's consolidated sales in 2012 was EUR 690 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd. Further information: www.cramo.com