YIT announces new strategy and financial targets for 2025-2029, introduces a new segment structure
STOCK EXCHANGE ANNOUNCEMENT JUNE 28, 2004 12:30 1 (1)
INCREASE IN YITS SHARE CAPITAL AS A CONSEQUENCE OF SHARE SUBSCRIPTIONS WITH THE SERIES C SHARE OPTIONS FROM 2002
Through the exercise of the 2002 Series C share options, after the previous entry in the Trade Register on May 6, 2004, a total of 78,060 YIT Corporation shares have been subscribed for by June 17, 2004. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 78,060, was entered in the Trade Register on June 28, 2004.
Following the increase, YITs share capital is EUR 61,159,940 and the number of shares outstanding is 61,159,940. The nominal value of the share is one euro.
The new shares confer all shareholder rights as from the date of registration, June 28, 2004, and they will be accepted for public trading on Helsinki Exchanges together with the existing shares.
The objective is that trading in the shares will commence on June 29, 2004.
A total of 450,000 Series C share options have been issued. Each Series C share option entitles its bearer to subscribe for two YIT Corporation shares. All in all, a maximum of 900,000 shares can be subscribed for with the Series C share options. Accordingly, the share capital can be increased by a maximum of EUR 900,000.
By June 17, 2004, a total of 113,190 shares have been subscribed for with the 2002 Series C share options. Max. 786,810 shares can be subscribed for with the remaining Series C share options.
The subscription period is stepwise as follows:
April 1 - November 30, 2004 April 1 - November 30, 2005 April 1 - November 30, 2006
Subscriptions will be accepted at Nordea Bank Finland plcs investment advisory branches.
The objective is that the increases in the share capital on the basis of the subscriptions will be carried out in 2004 as follows:
Share subscription Entry in the Trade New shares listed deadline Register August 13 August 23 August 24 November 30 December 9 December 10
YIT Corporation
Jaakko Mäkynen Vice President, Finance For additional information, contact: Jaakko Mäkynen, Vice President, Finance, tel. +358 20 433 2307, jaakko.makynen@yit.fi Marja Salo, Director of Administration, tel. +358 20 433 2470, marja.salo@yit.fi
Distribution: Helsinki Exchanges, principal media, www.yit.fi