A total of 1,328,250 new B shares were subscribed for with Kesko Corporation B and C stock options. The book counter value of a B share is EUR 2.00. According to the terms and conditions of the stock option scheme, the share subscription price with a B stock option is EUR 8.87 and with a C stock option EUR 7.11 per share. In consequence of the share subscription, Kesko Corporation's registered share capital increases by EUR 2,656,500 to a total of EUR 190,337,584.
After the share capital increase, the total number of Kesko Corporation shares has risen to 95,168,792, of which 31,737,007 are A shares and 63,431,785 are B shares. Each A share entitles the holder to ten votes and each B share to one vote. The new B shares entitle to dividends for the financial year 2004 and the other shareholder rights they carry take effect today.
The B and C stock options are based on the decision made by Kesko Corporation's Annual General Meeting, held on 10 April 2000, to offer stock options to Kesko Corporation's top or middle management. In accordance with the year 2000 stock option scheme, 3,825,000 B stock options and 2,015,000 C stock options, a total of 5,840,000, were issued. One stock option entitles to the subscription of one Kesko Corporation B share until the end of subscription period on 31 March 2006. After this share capital increase, a total of 1,791,608 B shares remain to be subscribed for with B and C stock options, which corresponds to a share capital increase of EUR 3,583,216. The shares can be subscribed for at the offices of Nordea Bank Finland Plc.
The terms and conditions of the year 2000 stock option scheme were published in a stock exchange release on 10 April 2000.
Further information is available from Corporate Counsel Jarkko Karjalainen, telephone +358 1053 22602.
Kesko Corporation
Corporate Communications
Corporate Communications
Atte Kaksonen
Communications Manager
Communications Manager
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