Your World of Legal Intelligence
 United Kingdom | +44 (0) 20 7284 8080

Digitalist Group's board decides on option rights plan for employees.

Document Cited in Related
Vincent

NORDIC BUSINESS REPORT-August 29, 2019-Digitalist Group's board decides on option rights plan for employees

(C)2019 M2 COMMUNICATIONS http://www.m2.com

Finnish IT services provider Digitalist Group Oyj (HEL:DIGIGR) announced on Wednesday the decision by its board of directors to issue option rights on the basis of an authorisation granted by the Annual General Meeting held on 2 April 2019.

These option rights will be distributed gratuitously, as determined by the board of directors, to key persons employed or recruited by a company belonging in Digitalist Group for the purpose of improving their commitment and motivation.

Option rights may be distributed to a totally owned subsidiary of the company in so far as they are not distributed to group personnel. A subsidiary of the company is not entitled to subscribe for shares on the basis of option rights.

According to the company, these option rights will be marked as series 2019A1, 2019A2, 2019B1, 2019B2, 2019C1 and 2019C2. The maximum amount of option rights issued is 19,530,000 and they entitle holders to subscribe for a maximum of 19,530,000 of new company shares.

The company's board may decide on any additional conditions related to the receipt of option rights and on the redistribution of option rights that later revert back to the company.

Each option right entitles its holder to subscribe for one new Digitalist Group share. Shares subscribed on the basis of the option rights represent a maximum of approximately 3% of all...

To continue reading

Request your trial
COPYRIGHT Normans Media Ltd.

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT