Tiimari Plc ("Tiimari" or the "Company") Board of Directors announces that based on the authorization granted by the Annual General Meeting on April 7, 2009 it will grant a total number of 480,000 option–rights entitling to 480,000 new shares in the company. Option-rights were granted to the new President of the Company who commenced in his position as the Company President on April 7, 2009 and to the new members of the Board elected at the Annual General Meeting. The options are granted as a part of the loyalty and incentive scheme.
The option-rights are divided into five option series. The subscription periods and subscription prices are the following.
| Series |
Subscription period |
Subscription price per share |
| 2009A |
1.6.2009 – 30.4.2010 |
EUR 1.35 |
| 2009B |
1.5.2010 – 30.4.2011 |
EUR 1.46 |
| 2009C |
1.5.2011 – 30.4.2012 |
EUR 1.57 |
| 2009D |
1.5.2012 – 30.4.2013 |
EUR 1.70 |
| 2009E |
1.5.2013 – 30.4.2014 |
EUR 1.84 |
The subscription price for series 2009A option-right is equivalent to share subscription price EUR 1.25 in the directed issue closed April 23, 2009 raised with eight per cent. The subscription prices for the consecutive option-rights series are raised with eight per cent from the price for the previous series. All proceeds for the shares will be booked into the distributable equity fund.