Share subscription price and market value of Nokian Tyres plc stock options 2013C

Nokian Tyres plc Stock Exchange Release 28 May 2015, 10:30 a.m.

Share subscription price and market value of Nokian Tyres plc stock options 2013C

The Annual General Meeting of Shareholders decided on 11 April 2013 on issue of stock options to the Nokian Tyres Group personnel and to a fully owned subsidiary of the Company. The share subscription price for stock option 2013C is EUR 24.42 per share (the trade volume weighted average quotation of the share on NASDAQ Helsinki Ltd. during 1 January – 30 April 2015). Each year dividends and equity returns will be deducted from the share subscription price. 

A total of 1,150,000 new shares or existing shares held by the Company can be subscribed for with stock options 2013C. The share subscription period for stock options 2013C will be 1 May 2017 – 31 May 2019.

The theoretical market value of one stock option 2013C is EUR 9.81. The theoretical market value of the stock options 2013C is EUR 11,281,500 in total. The theoretical market value of one stock option has been calculated through the use of Black & Scholes stock option pricing model with the following input factors: share price EUR 29.28, share subscription price EUR 24.42, risk free interest rate 0.60%, validity of stock options four years and volatility 32.5%. 

The terms and conditions of the Stock Options 2013 are available on the Company’s internet pages http://www.nokiantyres.com/company/investors/share/stock-options/

Nokian Tyres plc

Antti-Jussi Tähtinen
Vice President, Marketing and Communications

Further information: Anne Leskelä, Vice President, CFO & IR, tel. +358 10 401 7481

Distribution: NASDAQ Helsinki, media and www.nokiantyres.com

Nokian Tyres is the only tyre manufacturer in the world that focuses on customer needs in northern conditions. The company supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has over 1,300 outlets in 27 countries. In 2014 Nokian Tyres had over 4,200 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the NASDAQ Helsinki. Further information: www.nokiantyres.com

About Us

Nokian Tyres is the world’s northernmost tyre manufacturer. The company promotes and facilitates safe driving in demanding conditions. It supplies innovative tyres for cars, trucks and special heavy machinery mainly in areas with special challenges on tyre performance: snow, forests and harsh driving conditions in different seasons. Nokian Tyres’ product development is consistently aiming for sustainable solutions for safety and the environment, taking into account the whole life cycle of the tyre. A part of the Nokian Tyres group, the tyre chain Vianor has approximately 1,500 stores in 27 countries. In 2016 Nokian Tyres had approximately 4,400 employees and net sales of approximately 1,4 billion euros. Nokian Tyres’ share is listed on the Nasdaq Helsinki. Further information: www.nokiantyres.com

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