Suomen Hoivatilat Oyj: Share options and subscriptions in accordance with Suomen Hoivatilat Plc's share reward system

Published: 28. February 2018 at 07:05:00 CET

Suomen Hoivatilat Plc

Stock exchange release 28 February 2018 8:05 am EET

Share options and subscriptions in accordance with Suomen Hoivatilat Plc's share reward system

On 27 February 2018, the Board of Directors of Suomen Hoivatilat Plc (Hoivatilat" or "the Company") decided on granting options to the Company's key employees for share subscription in accordance with the conditions of the Company's 2015 share reward system. A total of 150.370 options were given without charge to the Company's CEO and other key personnel, all of whom are included in the share reward system. Each option entitles the holder to subscribe for one (1) share at a subscription price of EUR 0.01 per share. 

The options issued on 27 February 2018 were used to subscribe for 150.370 new shares in the Company. The subscription price of the shares, which totals EUR 1.503,70, will be fully subscribed in the Company's invested non-restricted equity reserve. The estimated date for entry of the new shares in the Trade Register and entry in the book-entry account of the subscribers is 1 March 2018. The estimated starting date for trading with the new shares is 2 March 2018. The right to dividends from the new shares, and other shareholder rights, begin from the moment of registration of the shares. Shares subscribed with options may be released only after the end of the vesting period, on 31 December 2019. As a result of the subscriptions, the number of the Company's shares has increased to 25.439.229 shares.

The decision to issue the options was based on the authorisation given to the Company's Board of Directors at the Annual General Meeting on 18 February 2016, and on the terms and conditions of the Company's existing share reward system. The stock options have been issued to encourage and maintain the commitment of the Company's personnel and management. The Company therefore had a weighty financial reason to issue share options.

Suomen Hoivatilat Plc
BOARD OF DIRECTORS

Further information:
Suomen Hoivatilat Plc, CEO Jussi Karjula, jussi.karjula@hoivatilat.fi, tel. +358 40 773 4054

Suomen Hoivatilat in brief:
Suomen Hoivatilat specialises in producing, developing, owning and leasing out daycare centre and nursing home premises, service blocks and schools. Hoivatilat was established in 2008 and cooperates with around 50 Finnish municipalities. It has started over 120 real estate projects throughout Finland. The company was listed on Nasdaq OMX Helsinki on 1 March 2017.