Stonesoft Corporation Stock Exchange Release April 2, 2012 at 3:10 p.m.
SUBSCRIPTION PRICE AND MARKET VALUE OF STONESOFT CORPORATION STOCK OPTIONS 2012A
The Board of Directors of Stonesoft Corporation decided on 18 January 2012 about the issuance of stock options to the Stonesoft Group key employees by authorization of the Annual General Meeting of Shareholders held on 13 April 2011. The share subscription price for stock option 2012A is EUR 1.42 per share (the trade volume weighted average quotation of the share on NASDAQ OMX Helsinki Ltd. during 1 February-31 March 2012). Each year dividends and equity returns will be deducted from the share subscription price.
A total of 1,500,000 new shares or existing shares held by the Company can be subscribed for with stock options 2012A. The share subscription period for stock options 2012A will be 1 March 2015-31 March 2017. The share subscription period will only begin if the Net Sales in consolidated financial statements of any financial year 2012-2016 is at least forty-two (42) million Euros. The stock options for which the target has not been attained will expire in the manner decided by the Board of Directors.
The theoretical market value of one stock option 2012A is EUR 0.79. The theoretical market value of the stock options 2012A is EUR 1 185 000 in total. The theoretical market value of one stock option has been calculated through the use of Black & Scholes stock option pricing model with the following input factors: share price EUR 1.42, share subscription price EUR 1.42, risk free interest rate 2.35%, validity of stock options five years and volatility 64%.
The terms and conditions of the Stock Options 2012 are available on the Company's internet pages www.stonesoft.com.
Stonesoft Corporation
Ilkka Hiidenheimo
Chief Executive Officer
For further information, please contact:
CEO Ilkka Hiidenheimo, Stonesoft Corporation
Tel. +358 9 4767 11
Distribution:
NASDAQ OMX Helsinki Ltd
www.stonesoft.com
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.
Source: Stonesoft Oyj via Thomson Reuters ONE
