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- Stock Exchange Release
- 17.03.2009 10:00 CET
TRADING AND SHARE SUBSCRIPTIONS WITH YIT'S SERIES M AND N SHARE OPTIONS IN 2009
STOCK EXCHANGE RELEASE March 17, 2009 at 11:00
TRADING AND SHARE SUBSCRIPTIONS WITH YIT'S SERIES M AND N SHARE OPTIONS IN 2009
YIT Corporation has applied for the listing of the Series N share options issued in 2006 on the NASDAQ OMX Helsinki such that trading would begin on April 1, 2009. YIT's Series M share options, issued in 2006, are listed on the NASDAQ OMX Helsinki, and in 2009 shares can be subscribed for with them as from April 1.
Furthermore, YIT Corporation has applied for the listing of an additional lot of the company's shares on the NASDAQ OMX Helsinki. The application concerns the new shares subscribed for with the Series M and N share options in 2009.
Share subscriptions
Each Series M and N share option entitles its holder to subscribe for one YIT Corporation share (YTY1V).
A total maximum of 900,000 shares can be subscribed for with Series M share options and max 900,000 shares with Series N share options.
The subscription price of a share subscribed for with the Series M share options is EUR 19.73 per share and the subscription price of a share subscribed for with the Series N share options EUR 19.23 per share.
The shares can be subscribed for annually during the period from April 1 - November 30. The subscription period with the Series M share options is in 2008-2009 and with Series N share options in 2009-2010.
Share subscriptions will be made at Nordea Bank Finland plc's offices.
The shares entitle their holder 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. The terms and conditions of the share option programmes as a whole are presented on the company's internet site www.yitgroup.com.
Increases in the share capital
It is intended that the increases in the share capital on the basis of the subscriptions will be carried out in 2009 as follows: -------------------------------------------------------------------------------- | Share subscription | Entry into the Trade | New shares listed | | deadline | Register | | -------------------------------------------------------------------------------- | April 17, 2009 | April 30, 2009 | May 4, 2009 | -------------------------------------------------------------------------------- | July 17, 2009 | July 29, 2009 | July 30, 2009 | -------------------------------------------------------------------------------- | September 18, 2009 | September 28, 2009 | September 29, 2009 | -------------------------------------------------------------------------------- | November 30, 2009 | December 7, 2009 | December 8, 2009 | --------------------------------------------------------------------------------
General information on the issuer
Name: YIT Corporation Domicile: Helsinki Registration date: August 31, 1940 Legal form and applicable law: Public limited company, Finnish law Group to which the issuer belongs and its position in it: the YIT Group's parent company Field of business according to the Articles of Association: The objects of the Company are to engage in production in the construction industry, manufacture and leasing of and trade with building materials and components, and building engineering, network services and industrial turn-key projects, including operation, servicing and maintenance activities related to the foregoing in Finland and abroad. In addition to the foregoing activities, the Company shall buy and sell real estate property and shares in real estate and housing companies as well as lease and maintain apartments and properties complete with buildings and facilities and engage in other activities related to the foregoing. The Company may also trade in securities. The Company may engage in the activities in accordance with its declared objects either directly and/or through its subsidiaries and affiliated companies and joint ventures. In its capacity as the parent company in the Group, the Company may assume responsibility for the administration, human resources management, finances, legal affairs and communications on behalf of the Group and other joint services and tasks.
Register in which the issuer is recorded and Business ID: Trade Register, Business ID 0112650-2 The terms of the share option programmes as a whole and YIT Corporation's Articles of Association are available on the company's internet site, www.yitgroup.com. The company's Corporate Governance is presented in the Annual Report and the company's internet site.
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
Veikko Myllyperkiö Senior Vice President, Corporate Communications
Distribution: NASDAQ OMX, principal media, www.yitgroup.com