Conversion of stock options 2018 A and 2018 B to stock options 2018 C , distribution and market value of stock options 2018 C
Componenta Corporation Stock Exchange Release on 21 June 2021 at 2:30 p.m. EEST
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. The Board of Directors has converted 6,625 stock options 2018A and 20,932 stock options 2018B to stock options 2018C. The number of stock options 2018A is now 33,650 in total, stock options 2018B, 36,298 in total and stock options 2018C, 76,462 in total. The Board of Directors has decided to distribute stock options 2018C to the Group key employees.
The theoretical market value of one stock option 2018C is approximately 2.788 euros and the theoretical market value of stock options 2018C is approximately 213,188 euros in total. Each stock option 2018C entitles to subscribe for two new shares in the company or two existing shares held by the company. The theoretical market value of the stock option 2018C has been calculated by using the Black & Scholes stock option pricing model with the following input factors: share price 3.50 euros, share subscription price 3.025 euros, risk free interest rate 0%, validity of stock options approximately 4.4 years and volatility 43.08%.
President and CEO
For further information, please contact:
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Marko Karppinen, CFO, tel. +358 10 403 2101
Componenta is an international technology company with operational functions located in Finland. Componenta has an extensive technology portfolio. The company manufactures both cast and machined metal components, as well as forged blanks, pipe products and metal sheet cuttings for its customers, comprising both local and global vehicle, machine and equipment manufacturers. The company’s stock is listed on the Nasdaq Helsinki. www.componenta.com