Stock options
Stock option terms and conditions
Stock options 2023
The Board of Directors of Componenta Corporation has resolved to launch a new stock option plan directed to the key employees of the company. The purpose of the stock options is to encourage the key employees to work on a long-term basis to increase shareholder value. In addition, the purpose is to retain the key employees at the company.
The maximum total number of stock options to be issued is 400,000, and they entitle their owners to subscribe for a maximum total of 400,000 new shares in the company or existing shares held by the company. The stock options will be issued gratuitously. Of the stock options, 133,348 are marked with the symbol 2023A, 133,326 are marked with the symbol 2023B and 133,326 are marked with the symbol 2023C.
The number of shares subscribed by exercising stock options issued corresponds to a maximum total of 3.90 per cent of all shares and votes of the shares in the company after the potential share subscriptions, if new shares are issued in the share subscription.
The share subscription period is: for stock options 2023A, 1 June 2026–31 May 2028, for stock options 2023B, 1 June 2027–31 May 2029 and for stock options 2023C, 1 June 2028 – 31 May 2030.
The share subscription price is: for stock option 2023A, the trade volume weighted average quotation of the share on Nasdaq Helsinki Ltd during 21 April–22 May 2023, for stock option 2023B, the trade volume weighted average quotation of the share on Nasdaq Helsinki Ltd during 22 April–21 May 2024 and for stock option 2023C, the trade volume weighted average quotation of the share on Nasdaq Helsinki Ltd during 17 April–19 May 2025.
The share subscription price is credited to the company’s reserve for invested unrestricted equity.
As a result of the share subscriptions with the stock options, the number of the company’s shares may increase by a maximum total of 400,000 shares if new shares are issued in the share subscription.
The Board of Directors decided on the new stock option plan based on the authorisation given by the Annual General Meeting held on 13 April 2023. The company has a weighty financial reason for the issue of stock options, since the stock options are intended to form part of the Group’s incentive and commitment program for the key employees. Read more in the stock exchange release
13 April 2023 Componenta Corporation_Stock Options Terms 2023
Stock options 2018
On 12 November 2018, the Board of Directors resolved, by virtue of an authorization granted by the General Meeting, to implement share-based incentive plan for the Group key employees. The purpose of the stock options is to encourage the key employees to work on a long-term basis to increase the shareholder value. The purpose is also to retain the key employees at the company. It is a prerequisite for receiving remuneration based on an option programme that the receiving person’s contract of employment or service is valid at the time the remuneration is paid, but the Board of Directors may decide otherwise at its discretion.
Componenta’s stock option plan has a total of 146,410 option rights on 31 December 2021, 33,650 of which are marked as option 2018A, 36,298 are marked as option 2018B, and 76,462 are marked as option 2018C. Each option right of 2018 entitles the holder to a subscription for two new shares or shares held by the company.
The subscription price is EUR 5.25 per share with stock option 2018A; EUR 3.85 per share with stock option 2018B and EUR 3.025 per share with stock option 2018C. The subscription period is 1 December 2021 – 30 November 2023 for option 2018A, 1 December 2022 – 30 November 2024 for option 2018B, and 1 December 2023 – 30 November 2025 for option 2018C.
On 10 February 2020, the Board of Directors resolved to convert stock options 2018A (416,250) that have been returned to the company to stock options 2018B. Read more in the stock exchange release.
On 18 December 2020, the Board of Directors resolved on adjustments to the company’s share-based incentive plans. These adjustments are based on the rights issue the final results of which were announced on 9 December 2020, and on the reverse share split executed on 18 December 2020. Read more in the stock exchange release.
On 21 June 2021, The Board of Directors of Componenta Corporation has resolved to convert stock options 2018A and 2018B that have been returned to the company to stock options 2018C. Read more in the stock exchange release.
The terms and conditions of the stock options 2018 (12 November 2018)