DISPOSAL OF TELESTE CORPORATION OWN SHARES ON 4 FEBRUARY 2008
TELESTE CORPORATION STOCK EXCHANGE RELEASE 4.2.2008 AT 16:30
DISPOSAL OF TELESTE CORPORATION OWN SHARES ON 4 FEBRUARY 2008
Date: 4 February 2008
Basis for Disposal: The shares are disposed to the President and CEO and members
of the Management Group in accordance with the incentive plan determined by the
Board of Directors.
Trading Code: TLT1V
Number of Shares: 7,761 shares
Price/share: Gratuitous
After the disposal on 4 February 2008, the number of own shares in Teleste's
possession is 344,721 shares.
Teleste is an international technology group founded in 1954, which is
specialized in broadband data communication systems and solutions. The group is
divided into two Strategic Business Units: Broadband Cable Networks and Video
Networks. Broadband Cable Networks serves cable operators and a major part of
its business activities are handled through direct customer contact. Video
Networks supplies solutions for optical signal transmission and video network
management software solutions for video surveillance and a major part of its
business is handled through system integrators. Both Business Units are among
the leading providers in their market areas and are globally recognized for
their know-how and ability to produce technically cutting edge solutions year
after year. In 2007 the group's net sales totalled EUR 125.1 million and the
group employed 672 persons at the year-end. The company has approximately 30
offices world-wide and over 91% of Teleste's net sales are generated outside
Finland. The company is listed on the OMX Nordic Exchange Helsinki.
Visit www.teleste.com for more information.
TELESTE CORPORATION
Jukka Rinnevaara
CEO
ADDITIONAL INFORMATION:
Mr Jukka Rinnevaara President and CEO, tel +358 2 2605 866 or +358 400 747 488
DISTRIBUTION:
OMX Nordic Exchange Helsinki
Media
www.teleste.com