Stock Exchange Releases
Dec 18, 2019
Qt Group Plc applies for listing of option rights 2016
Qt Group Plc will apply for the listing of its 2016 option rights on the Nasdaq Helsinki Ltd First North Growth marketplace as of December 19, 2019.
A total number of the 2016 option rights is 2,000,000. Each option rights entitles its holder to subscribe to one (1) company’s shares. The company holds 514,885 2016 option rights.
Currently, the share subscription price under the 2016 series option rights is EUR 4.84 per share. Should the Company distribute dividends or assets from reserves of unrestricted equity, from the share subscription price of the stock options may, by a resolution of the Board of Directors, be deducted the amount of the dividend or the amount of the distributable unrestricted equity per share decided after the resolution by the Board of Directors on the issuance of stock option but before the share subscription, as per the dividend record date or the record date of the repayment of equity.
Company has noted that the criteria of the 2016 stock options plan have been met and resolved that the share subscription period will begin on December 19, 2019 in accordance with the terms and conditions of the option scheme 2016 II.2.The share subscription period for 2016 option rights ends on December 31, 2022.The stock options will be freely transferable on December 19, 2019.
The option holders can subscribe the shares during the subscription period by giving the payment and subscription details to their own bank. New shares subscribed with stock options 2016 will be listed as additional lots of Company shares on the main list of Nasdaq Helsinki together with the old shares after the shares increase has been registered.
The grounds for the granting of the 2016 option rights and the original terms and conditions were published in a stock exchange release on June 22, 2016. The terms and conditions of the option scheme 2016, as well as the approval schedule for share subscriptions under the option rights are available on the company's website at https://investors.qt.io.
Qt Group Oyj
For further information, please contact:
CEO Juha Varelius, +358 9 8861 8040
Nasdaq Helsinki Ltd