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- Stock Exchange Release
- 10.12.2007 11:00 CET
INCREASE IN YIT'S SHARE CAPITAL AS A CONSEQUENCE OF SHARE SUBSCRIPTIONS WITH SHARE OPTIONS
DECEMBER 10, 2007 at 12.00 CORPORATE RELEASE CORPORATE ACTION
INCREASE IN YIT'S SHARE CAPITAL AS A CONSEQUENCE OF SHARE SUBSCRIPTIONS WITH SHARE OPTIONS
From October 20 to November 30, 2007 a total of 123,722 YIT shares were subscribed for on the basis of the Series E share options and a total of 180,932 shares on the basis of the Series F share options. The increase in the share capital as a consequence of these share subscriptions, EUR 1,954,041.40, was entered in the Trade Register on December 10, 2007. The subscription price will be used in full to increase the share capital. Following the increase, YIT's share capital is EUR 149,104,766.72 and the number of shares outstanding is 127,217,872.
The new shares confer all shareholder rights as from the date of registration, December 10, 2007, and they will be accepted for public trading on OMX Nordic Exchange in Helsinki together with the existing shares. The objective is that trading in the shares will commence on December 11, 2007.
THE SUBSCRIPTION PERIOD FOR SHARES WITH THE SERIES E AND SERIES F OPTIONS ENDED
The Series E share options issued in 2004 were made available for trading in OMX Nordic Exchange in Helsinki as from April 3, 2006 and the Series F share options as from April 2, 2007. The subscription period for shares with the Series E and Series F options ended on November 30, 2007.
A total of 180,000 Series E share options, a total of 420,000 Series F share options had been issued. Each Series E and F share option entitled its bearer to subscribe for two YIT Corporation shares. The subscription price with the Series E options was EUR 6.80 per share and with the Series F options EUR 6.15 per share.
When subscription periods began, a total of 167,400 Series E share options and a total of 140,560 Series F share options were held by YIT Group's management and key employees. Altogether a total of 333,400 shares were subscribed for with the Series E share options and a total of 281,120 shares with the Series F share options.
SHARE SUBSCRIPTIONS MADE ON THE BASIS OF K AND L SHARE OPTIONS
The Series K and L share options issued in 2006 were made available for trading in OMX Nordic Exchange in Helsinki as from April 2, 2007. The subscription period for shares with the Series K and L options continues from April 2 to November 28, 2008.
A total of 300,000 Series K share options, a total of 900,000 Series L share options have been issued. Each Series K and L share option entitles its bearer to subscribe for one YIT Corporation share. The subscription price with the Series K and L options is EUR 20.53 per share.
When subscription periods began, a total of 241,800 Series K share options and a total of 593,460 Series L share options were held by YIT Group's management and key employees. By November 30, 2007, a total of 1,600 shares had been subscribed for with the Series K share options and a total of 1,360 shares with the Series L share options. Hence, max. 237,600 shares can be subscribed for with the remaining Series K share options and max. 592,100 shares with the remaining Series L share options.
For additional information, contact: Marja Salo, Director of Administration, tel. +358 20 433 2470, marja.salo@yit.fi Jaakko Mäkynen, Vice President, Finance, tel. +358 20 433 2307, jaakko.makynen@yit.fi
YIT CORPORATION
Juha Kostiainen Vice President, Corporate Communications and Business Development Distribution: OMX Nordic Exchange in Helsinki, principal media, www.yitgroup.com