YIT announces new strategy and financial targets for 2025-2029, introduces a new segment structure
STOCK EXCHANGE ANNOUNCEMENT MAY 6, 2004 9:30 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, a total of 35,130 YIT Corporation shares have been subscribed for during the period April 1 - April 28, 2004. The increase in the share capital as a consequence of these share subscriptions, totalling EUR 35,130, was entered in the Trade Register on May 6, 2004.
Following the increase, YITs share capital is EUR 61,081,880 and the number of shares outstanding is 61,081,880. The nominal value of the share is one euro.
The new shares confer all shareholder rights as from the date of registration, May 6, 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 May 7, 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. The subscription price is EUR 6.545/share.
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.
In 2004, it is intended that the increases in the share capital on the basis of the subscriptions will be carried out as follows:
Share subscription Entry into the Trade New shares listed deadline Register April 28 May 6 May 7 June 17 June 28 June 29 August 13 August 23 August 24 November 30 December 9 December 10
YIT Corporation
Veikko Myllyperkiö Vice President, Corporate Communications 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