TRADING AND SHARE SUBSCRIPTIONS WITH YIT?S SERIES C, D AND E SHARE OPTIONS
YIT CORPORATION STOCK EXCHANGE ANNOUNCEMENT, MARCH 14, 2006, 10:30
TRADING AND SHARE SUBSCRIPTIONS WITH YITS SERIES C, D AND E SHARE OPTIONS
YIT Corporations Board of Directors has decided to apply for the listing of the Series E share options issued in 2004 on the Main List of the Helsinki Stock Exchange such that trading will begin on April 3, 2006. YITs Series C and D share options, issued in 2002, are listed on the Helsinki Stock Exchange, and in 2006 shares can be subscribed for with them as from April 3.
Furthermore, YIT Corporations Board of Directors has decided to apply for the listing of an additional lot of the companys shares on the Main List of the Helsinki Stock Exchange. The application concerns the new shares subscribed for with the Series C, D and E share options in 2006.
Each Series C and D share option entitles its bearer to subscribe for four (4) YIT Corporation shares having a nominal value of EUR 0.50. The companys share capital may be raised by a maximum amount of EUR 2,800,000 on the basis of share subscriptions.
Each Series E share option entitles its bearer to subscribe for two (2) YIT Corporation shares with a nominal value of EUR 0.50. A total maximum of 360,000 shares can be subscribed for and the share capital can be increased by a maximum of EUR 180,000.
The subscription price of a share subscribed for with the Series C share options is EUR 3.2725 per share, with the Series D share options EUR 2.9225 per share and with the Series E share options EUR 6.80 per share.
The subscription period with the Series C and D share options is April 1 - November 30, 2006 and with the Series E share options during the period from April 1 - November 30 in 2006 and 2007.
Shares subscribed for on the basis of the share options impart all shareholder rights as from the registration date.
Share subscriptions will be made at Nordea Bank Finland plcs investment advisory branches.
The terms of the share option programmes as a whole are presented on the companys Internet site www.yit.fi/english.
Increases in the share capital
It is intended that the increases in the share capital on the basis of the subscriptions will be carried out in 2006 as follows:
Share subscription Entry into the Trade New shares listed deadline Register April 24 April 28 May 2 June 16 June 22 June 26 August 11 August 18 August 21 October 23 October 30 October 31 November 30 December 7 December 8
General information on the issuer
Name: YIT Corporation (On March 13, 2006, the Annual General Meeting resolved to change the companys Finnish name from YIT- Yhtymä Oyj to YIT Oyj.)
Registration date: August 31, 1940
Legal form and applicable law: Public limited company, Finnish law
Group to which the issuer belongs and its position in it: the YIT Groups parent company
Field of business according to the Articles of Association: The objects of the Company are to engage in production in the construction industry, manufacture and leasing of and trade with building materials and components, (on March 13, 2006 the Annual General meeting decided to add network services) and building engineering and industrial turn-key projects, including operation, servicing and maintenance activities related to the foregoing in Finland and abroad. In addition to the foregoing activities, the Company shall buy and sell real estate property and shares in real estate and housing companies as well as lease and maintain apartments and properties complete with buildings and facilities and engage in other activities related to the foregoing. The Company may also trade in securities. The Company may engage in the activities in accordance with its declared objects either directly and/or through its subsidiaries and affiliated companies and joint ventures. In its capacity as the parent company in the Group, the Company may assume responsibility for the administration, human resources management, finances, legal affairs and communications on behalf of the Group and other joint services and tasks.
Register in which the issuer is recorded and Business ID: Trade Register, Business ID 0112650-2
YIT Corporations Articles of Association are available on the companys Internet site. The companys Corporate Governance is presented in the Annual Report and the companys Internet site, www.yit.fi.
Veikko Myllyperkiö Vice President, Corporate Communications
For additional information, contact: Marja Salo, Director of Administration, YIT Corporation, tel. +358 20 433 2470, email@example.com Jaakko Mäkynen, Vice President, Finance, YIT Corporation, tel. +358 20 433 2307, firstname.lastname@example.org
Distribution: Helsinki Stock Exchange, principal media, www.yit.fi
YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2016, our revenue amounted to nearly EUR 1.8 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com