EXCHANGE OFFER FOR OPTION RIGHTS 2006B AND DISTRIBUTION OF STOCK OPTIONS 2009
Tecnomen Lifetree Corporation STOCK EXCHANGE RELEASE
4th February 2010, at 9.00 am
EXCHANGE OFFER FOR OPTION RIGHTS 2006B AND DISTRIBUTION OF STOCK OPTIONS 2009
The Board of Directors of Tecnomen Lifetree has decided to offer an exchange of
the option rights 2006B to the option holders in such a manner that fifteen (15)
option rights 2006B of Tecnomen Lifetree can be exchanged into two (2) option
rights 2009A of Tecnomen Lifetree. The exchange offer is directed to the stock
option 2006B holders currently employed by Tecnomen Lifetree.
The time reserved for the approval of the exchange offer will end on 15th March
2010. The option rights 2006B will remain in force to the extent not exchanged
by the option holders.
In addition to the stock options 2009A subject to the exchange offer the Board
of Directors of Tecnomen Lifetree has decided to allocate a total of 1 651 334
stock options to the key employees of the company as follows:
386 250 stock options 2009A
520 917 stock options 2009B and
744 167 stock options 2009C.
Vesting of stock options 2009B and 2009C will partly be based on performance.
The stock options form a part of the incentive and commitment programme for key
personnel. Those stock options 2009 that are not distributed to key employees of
Tecnomen Lifetree are allocated to a wholly-owned subsidiary of Tecnomen
Lifetree.
Should the exchange be carried out in its entirety the number of all the
distributed 2006 and 2009 options after the exchange will be a maximum of 4 203
563 options with a corresponding dilution effect of 5.40 %.
Tecnomen Lifetree announced the issue of the stock options 2006 and stock
options 2009 on 15 March 2006 and 19 March 2009, respectively. The terms and
conditions of Tecnomen Lifetree Stock Options 2006 and 2009 are available on the
Company's internet pages www.tecnotree.com.
TECNOMEN LIFETREE CORPORATION
Board of Directors
FURTHER INFORMATION
Tuomas Wegelius, CFO, tel. +358 9 8047 8650
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main Media
www.tecnotree.com
About Tecnotree
Tecnotree, (Tecnomen Lifetree) founded in 1978, is one of the leading suppliers
of Business and Operations Support Systems (BSS/OSS) and Value Added Services
(VAS) for telecom operators worldwide. Tecnotree markets and sells its products
and services through its own organisation, as well as through global and local
partners, and has supplied its products to more than 120 customers around the
world. Headquartered in Espoo, Finland, Tecnotree has about 800 employees
working in 20 locations worldwide. The company is listed on the main list of
NASDAQ OMX Helsinki Ltd with the trading code TEM1V. For more information
on Tecnotree visit www.tecnotree.com
