PROHA PLC'S BOARD OF DIRECTORS APPROVED THE SUBSCRIPTIONS OF THE OPTION ISSUE

PROHA PLC'S BOARD OF DIRECTORS APPROVED THE SUBSCRIPTIONS OF THE OPTION ISSUE In its meeting on April 24, 2001, Proha Plc's Board of Directors approved the subscriptions of the second subsciption period of the option issue that is part of Proha's incentive system. In the issue, a total of 1,592,720 Proha Plc stock options were subscribed entitling to a subscription of 159,272 shares in accordance with the terms and conditions of the option issue. The options were given free of charge mainly for the new personnel of Proha-group. The subscription price for the shares subscribed on the basis of the stock options was confirmed to be EUR 1.35 per share by the Board of Directors. The Proha Board of Directors decided on the issuance of the options on February 4, 2001 on the basis of the authorization given by the Extraordinary General Meeting on December 13, 2000. The Proha Board of Directors decided on the second subscription period on April 11, 2001. The terms and conditions of the option issue were published in a stock exchange bulletin on February 5, 2001. Proha Plc Pekka Pere President & CEO More information PROHA PLC CEO Pekka Pere, tel. +358 20 4362 000 pekka.pere@proha.fi http://www.proha.fi DISTRIBUTION: Helsinki Stock Exchange Major Media ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/04/24/20010424BIT01730/bit0001.doc http://www.bit.se/bitonline/2001/04/24/20010424BIT01730/bit0002.pdf

About Us

Proha is globally operating software group operating in Project Management (Artemis), Financial Management (Accountor), and ASP services (Intellisoft). Pro forma net sales were EUR 82.2 mio in 2000, number of personnel nearly 700.

Subscribe