TELESTE CORPORATION STOCK EXCHANGE RELEASE 24.3.2010 AT 09:00 TELESTE CORPORATION APPROVED SHARE SUBSCRIPTION OF THE DIRECTED SHARE ISSUE RELATED TO THE MANAGEMENT INCENTIVE PLAN The Board of Directors of Teleste Corporation has on 2 March 2010 decided on a share issue against payment directed to Teleste Management Oy, a company owned by the members of the Teleste Management Group. The decision on a share issue is based on the authorization granted by the Annual General Meeting of Shareholders on 7 April 2009. A total of 381,000 new shares in the Company were offered for subscription in the share issue. The share subscription period was 3 March-26 March 2010, and the subscription price was EUR 3.80/share (the trade volume weighted average quotation of the Company´s share on the NASDAQ OMX Helsinki Ltd. during 15 February-26 February 2010). The Board of Directors of the Company has today decided to approve the subscription of 381,000 new shares. The subscription price of the new shares, EUR 1,447,800, will be credited to the reserve for invested unrestricted equity of the Company. Right to dividend and other shareholder rights will commence when the new shares have been entered into the Trade Register, around week 13. The shares will be registered on the book-entry account of the subscriber and will be applied for public trading on NASDAQ OMX Helsinki Ltd when the shares have been entered into the Trade Register, around week 13. After the Trade Register entry of the new shares, the number of the Teleste Corporation shares will be 18,186,590 shares. March 23, 2010 TELESTE CORPORATION The Board of Directors Further information: Jukka Rinnevaara, CEO, Tel. +358 2 2605 866 or +358 400 747 488 Distribution: NASDAQ OMX Helsinki Ltd Main Media www.teleste.com
TELESTE CORPORATION APPROVED SHARE SUBSCRIPTION OF THE DIRECTED SHARE ISSUE RELATED TO THE MANAGEMENT INCENTIVE PLAN
| Source: Teleste Oyj