Option programs

The Annual General Meeting held on 4 April 2006 approved the option program 2006 for Affecto. The Annual General Meeting held on 31 March 2008 approved the option program 2008 for Affecto. This page contains the general description of these programs, while the exact option terms can be found from separate pages.

Stock options 2006 in brief

The maximum total number of stock options issued shall be 824,700. Of the stock options, 234,900 shall be marked with the symbol 2006A, 274,900 shall be marked with the symbol 2006B and 314,900 shall be marked with the symbol 2006C. The stock options shall be gratuitously distributed, by the resolution of the Board of Directors, to the key personnel employed by or to be recruited by the Affecto group. Upon issue, those stock options that are not distributed to the key personnel shall be granted to Affecto Securities Oy, a wholly owned subsidiary of the Company.

The share subscription price for stock option 2006A shall be the offer price of the Company share in the Initial Public Offering, EUR 4.80, for stock option 2006B, the trade volume weighted average quotation of the share on the Helsinki Stock Exchange during 1 January - 31 March 2007, and for stock option 2006C, the trade volume weighted average quotation of the share on the Helsinki Stock Exchange during 1 January - 31 March 2008. If the dividend ex date is in 2007 and 2008 during the period for determination of the share subscription price, such dividend shall be added to the above-mentioned average quotations of the trading days after the dividend ex date. From the share subscription price of stock options shall, as per the dividend record date, be deducted the amount of the dividend decided after the beginning of the period for determination of the subscription price but before share subscription.

The share subscription period shall be: for stock options 2006A, 1 April 2009 - 31 December 2010, for stock options 2006B, 1 April 2010 - 31 December 2011 and for stock options 2006C, 1 April 2011 - 31 December 2012. The subscription period has ended for 2006A and 2006B options, and no subscriptions were done with the options.

Subscription with 2006 options

Evli Bank Plc shall be the subscription place where option holders may subscribe for shares with their options.

Should you wish to subscribe shares with Affecto 2006 options, you can get more information from Evli's Help Desk:
email: operations@eam.fi
Tel.: +358 9 4766 9931
http://www.evli.com/web/FI/en/private-clients-and-companies/other-services/incentive-programs/affecto

Stock options 2008 in brief

The maximum total number of stock options issued shall be 1,050,000. Of the stock options, 300,000 shall be marked with the symbol 2008A, 350,000 shall be marked with the symbol 2008B and 400,000 shall be marked with the symbol 2008C. The stock options shall be gratuitously issued, by the resolution of the Board of Directors, to the key personnel of the Group employed by or to be recruited by the Group. Upon issue, all stock options shall be granted to a wholly owned subsidiary of the Company, Affecto Securities Oy. The stock options shall be distributed to the key personnel employed by or to be recruited by the Group by the resolution of the Board of Directors at the later date.

The share subscription price shall be for stock option 2008A, the trade volume weighted average quotation of the share on the Helsinki Stock Exchange during 1 July - 30 September 2008, for stock option 2008B, the trade volume weighted average quotation of the share on the Helsinki Stock Exchange during 1 January - 31 March 2009, and for stock option 2008C, the trade volume weighted average quotation of the share on the Helsinki Stock Exchange during 1 January - 31 March 2010. If the ex date of a dividend or distributable non-restricted equity is during the period for determination of the share subscription price, such dividend or amount of distributable non-restricted equity shall be added to the above-mentioned average quotations of the trading days after the ex date. From the share subscription price of the stock options shall, as per the record date for dividend or other distribution of funds, be deducted the amount of the dividend or distributable non-restricted equity decided after the beginning of the period for determination of the share subscription price but before share subscription. The share subscription price shall, nevertheless, always amount to at least EUR 0.01.

The share subscription period shall be: for stock option 2008A 1 October 2011 - 30 November 2012, for stock option 2008B 1 April 2012 - 31 May 2013, and for stock option 2008C 1 April 2013 - 31 May 2014.

Subscription with 2008 options

Evli Bank Plc shall be the subscription place where option holders may subscribe for shares with their options.

Should you wish to subscribe shares with Affecto 2008 options, you can get more information from Evli's Help Desk:
email: operations@eam.fi
Tel.: +358 9 4766 9931
http://www.evli.com/web/FI/en/private-clients-and-companies/other-services/incentive-programs/affecto

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Updated: 12 January 2012