Listing prospectus for YIT’s EUR 100 million secured green notes is available and the amendments to the terms of EUR 100 million green notes 2026 have become effective
Back
- Stock Exchange Release
- 28.10.2009 07:10 CET
SHARE SUBSCRIPTIONS IN 2010 ON THE BASIS OF YIT'S SERIES N SHARE OPTIONS
STOCK EXCHANGE RELEASE OCT 28, 2009 at 8:10
SHARE SUBSCRIPTIONS IN 2010 ON THE BASIS OF YIT'S SERIES N SHARE OPTIONS
In 2010, shares can be subscribed for in the period from April 1 to November 30 on the basis of the Series N share options issued by YIT Corporation in 2006. With Series M share options the subscription period will end on November 30, 2009.
It is intended that the increases in the share capital on the basis of the subscriptions will be carried out in 2010 as follows:
-------------------------------------------------------------------------------- | Share subscription | Entry into the Trade | New shares listed | | deadline | Register | | -------------------------------------------------------------------------------- | April 20, 2010 | May 5, 2010 | May 6, 2010 | -------------------------------------------------------------------------------- | July 15, 2010 | July 28, 2010 | July 29, 2010 | -------------------------------------------------------------------------------- | September 17, 2010 | September 28, 2010 | September 29, 2010 | -------------------------------------------------------------------------------- | November 30, 2010 | December 8, 2010 | December 9, 2010 | --------------------------------------------------------------------------------
Shares subscribed for on the basis of the share options entitle their holders to a dividend as from the date of subscription. Other rights will vest when the share capital increase has been entered in the Trade Register.
Subscriptions will be accepted at Nordea Bank Finland plc.
SUMMARY OF THE TERMS AND CONDITIONS OF THE SHARE OPTION PROGRAM
YIT Corporation's Annual General Meeting held in the spring of 2006 granted a maximum total of 300,000 K, 900,000 L, 900,000 M and 900,000 N share options for subscription without consideration. Each Series K, L, M and N share option entitles its holder to subscribe for one YIT Corporation share (YTY1V). The shares can be subscribed for annually during the period from April 1 - November 30. The subscription period with the Series K and L share options ended in 2008.
With Series M share options shares can be subscribed until November 30, 2009. With Series N share options share subscription period is April 1 - November 30 in 2009 - 2010.
The subscription price of a share subscribed for with the Series M share options is EUR 19.73 per share and the subscription prices of shares subscribed for with the N share options is EUR 19.23 per share.
The terms and conditions of the share option programmes as a whole are presented on the company's internet site www.yitgroup.com.
For additional information, contact: Marja Salo, Director of Administration, YIT Corporation, tel. +358 20 433 2470, marja.salo@yit.fi
YIT CORPORATION
Virva Salmivaara Senior Vice President, Corporate Communications
Distribution: NASDAQ OMX, principal media, www.yitgroup.com