ASPOCOMP’S BOARD: STOCK OPTIONS AS PART OF THE INCENTIVE SCHEME FOR MANAGEMENT
Aspocomp Group Oyj Company Announcement May 10, 2007 at 2:15 pm
As part of the comprehensive incentive scheme for Aspocomp’s management, the Board of Directors has decided to distribute stock options – which were issued by the Annual General Meeting held on April 10, 2006 – to the Group’s key personnel. The shareholding scheme and the financial performance-linked subscription rights aim to align the objectives of executives and other shareholders.
The Board of Directors distributed a total of 310,000 stock options 2006B and 25,000 stock options 2006A to key personnel of the Group. The beginning of the share subscription period for stock options 2006B is subject to attainment of the targets set for the Group’s cash flow. The Board of Directors decided on the financial targets for stock options 2006A in the spring of 2006. The share subscription period with stock options 2006A is from May 1, 2008 to May 31, 2010 and with stock options 2006B from May 1, 2009 to May 31, 2011.
The share subscription price with stock options 2006B is EUR 0.84 (average share turnover-weighted price on the Helsinki Stock Exchange in April 2007). The subscription price with stock options 2006A changed due to the share issue carried out in March-April 2007 such that with stock options 2006A the subscription price of shares is EUR 2.47 and a total of 1.387 shares in the company can be subscribed for with one stock option. When shares are subscribed for, the total number of shares will be rounded down to a full number. The total subscription price will be calculated using the rounded number of shares. After this change, a maximum of 429,970 shares in the company can be subscribed for with stock options 2006A, instead of 310,000 shares, and the company’s share capital can rise by a maximum of EUR 429,970, instead of EUR 310,000. Annual dividends paid are deducted from the subscription price.
The Board of Directors also decided on a separate share-based incentive scheme covering about 10 senior executives. Benefits, if any, will be paid in January 2008 at the latest.
The Board of Directors will continue to develop the company’s incentive schemes.
The terms and conditions of the 2006 stock options are available on the company’s Internet site at www.aspocomp.com.
For further information, please contact Maija-Liisa Friman, CEO,
tel. +358 9 7597 0711.
ASPOCOMP GROUP OYJ
President and CEO
Aspocomp: Innovative interconnection solutions for the electronics industry
The Aspocomp Group offers and develops innovative interconnection solutions for the electronics industry in close cooperation with its customers. We are strongly positioned as a supplier of mobile data terminal equipment components and aim to further bolster our position as a supplier to the automotive industry and data communications networks. We offer our global customers a fast road to mass production through flexible and cost-effective adaptation of new technologies.
The Aspocomp Group’s production facilities are located close to its customers in Finland, China, and Thailand. In 2006, the Group’s net sales stood at EUR 149 million and it had about 3,350 employees.
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