Investors
Share options plans
By resolution passed at the General Meeting of Shareholders on 28 February 2007, the Company resolved to issue free stock options to the key personnel of the Company and its subsidiaries entitling them, after the split of the Company's shares 1:70, to subscribe for a maximum of 6,999,300 new shares in the Company (2007 Option Scheme). Pursuant to the terms and conditions of the 2007 Option Scheme, the Board of Directors shall decide upon the distribution of the stock options.
The voting rights attached to the shares to be issued against the outstanding share options amount to 2.0 % of the total share capital of the Company.
Details of the 2007 option scheme
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Option |
# of |
# of shares |
Exercise Price |
Subscription period |
Expiry Date |
|
2007A |
2,333,100 |
1 |
£2.25 |
1 April 2010 |
31 March 2012 |
|
2007B |
2,333,100 |
1 |
£2.625 |
1 April 2011 |
31 March 2013 |
|
2007C |
2,333,100 |
1 |
£2.75 |
1 April 2012 |
31 March 2014 |
The shares subscribed for under Stock Options 2007 during 2011 will be registered in the Trade Register and listed on NASDAQ OMX Helsinki on the following target dates:
| Share subscription deadline |
Entry into the Trade Register on or about |
New shares tradable on or about |
| 28 February 2011 | 14 March 2011 | 15 March 2011 |
| 29 April 2011 | 13 May 2011 | 16 May 2011 |
| 30 June 2011 | 14 July 2011 | 15 July 2011 |
| 31 August 2011 | 15 September 2011 | 16 September 2011 |
| 31 October 2011 | 15 November 2011 | 16 November 2011 |
| 30 December 2011 | 16 January 2012 | 17 January 2012 |
Shares will establish shareholders rights as of the date of share registration.
Talvivaara Mining Company Plc reserves the right to change any of the Trade Register entry dates indicated above, if necessary. Also, Talvivaara does not assume any liability for non-registrations occurring on any of the above-mentioned dates.
Talvivaara share subscription agent
Evli Bank Plc will act as the share subscription agent. In case you wish to subscribe shares with your stock options please contact Evli help desk phone +358 9 4766 9931 or operations(at)eam.fi in order to receive a share subscription form.
After signing the subscription form and paying the subscription price according to the payment instructions Evli Bank Plc will take care of the required entries in your book-entry account, whereby the options used for subscription will be removed and new shares of Talvivaara Mining Company Plc will be entered.
The subscribed share is not immediately available for selling on the stock exchange but the new shares will first be entered into the Trade Register and after that the shares will be applied for listing on the stock exchange as a so-called supplementary lot. Therefore a stock option holder should be aware that the subscribed share would only be quoted after several weeks from the share subscription.