SCANFIL PLC STOCK EXCHANGE RELEASE 25 SEPTEMBER 2014 3.30 p.m.
DECISION OF SCANFIL PLC’S BOARD OF DIRECTORS ON STOCK OPTION PLAN
On 18 April 2013, the General Meeting of shareholders of Scanfil Plc decided to authorise the Board of Directors to decide on granting stock options rights to certain key personnel of the company and its subsidiaries. The total number of option rights can be 750,000 and they entitle the key personnel to subscribe for a combined total of 750,000 of the company’s new shares or shares in company’s possession.
Based on the authorisation by the General Meeting, the Board of Directors has decided to grant the CEO and Director of Finanace of Scanfil Plc and three key persons at the company’s subsidiary Scanfil EMS Oy option rights in all for 225,000 shares. The option rights shall be marked “2013B”. Each option right entitles its holder to subscribe for one (1) of the company’s new shares or shares in its possession. The subscription period for option right 2013B is 1 May 2017 – 30 April 2019. The subscription period for the option rights included in the option plan will not begin, unless the production and financial goals and conditions, set separately by the Board of Directors for exercising the option rights, are met. The option rights whose goals are not met will expire as determined by the Board. The subscription price of option right 2013B is EUR 1.41, which is the trading-volume weighted average share price in the NASDAQ OMX Helsinki of the period 1 – 31 March 2014.
The complete terms and conditions of the options plan 2013 (A) – (C) are enclosed with this stock exchange release and presented on Scanfil Plc’s website.
Board of Directors
Chairman of the Board of Directors, Harri Takanen
tel. +358 8 4882 111
DISTRIBUTION NASDAQ OMX Helsinki
Scanfil Group is engaged in contract manufacturing for international telecommunications technology and professional electronics manufacturers. Scanfil has almost 40 years of experience in demanding contract manufacturing. Scanfil is a systems supplier that offers its products and services to international telecommunications systems manufacturers and professional electronics customers. Typical products are equipment systems for mobile and public switched telephone networks, automation systems, frequency converters, lift control systems, equipment and systems for electricity production and transmission, analysers, slot machines and different meteorological instruments. The company has production facilities in China, Estonia, Hungary, Germany and Finland.