18 Dec 2020
Componenta Corporation, Stock Exchange Release, 18 December at 21:30
The Board of Directors of Componenta Corporation has today, 18 December 2020, resolved on adjustments to the company’s share-based incentive plans. These adjustments are based on the rights issue the final results of which were announced on 9 December 2020, and on the reverse share split executed today, 18 December 2020.
Adjustment to the Terms and Conditions of Stock Options 2018
The Board of Directors of Componenta Corporation announced the issue of stock options 2018 on 12 November 2018. Due to the rights issue executed by the Company earlier and the reverse share split executed today on 18 December 2020, the number, subscription ratio and share subscription prices of stock options 2018 have been adjusted in order to secure that the shareholders and stock option holders are treated equally.
The maximum total number of stock options 2018 issued is 146,410, out of which 40,275 is marked with the symbol 2018A, 57,230 are marked with the symbol 2018B and 48,905 are marked with the symbol 2018C. Each stock option entitles its holder to subscribe for two new shares in the company or existing shares held by the company. The maximum total number of shares subscribed by exercising stock options issued is 292,820 shares. The share subscription price for stock options 2018A is 5.25 euros per share, for stock options 2018B, 3.85 euros per share, and for stock options 2018C, 3.025 euros per share.
The number of shares subscribed by exercising stock options 2018 issued corresponds to a maximum total of approximately 3 per cent of all shares and votes of the shares in the company after the potential share subscription with the options, if new shares are issued in the share subscription in question.
Adjustment to the Terms and Conditions of Restricted Share Plan 2018
The Board of Directors of Componenta Corporation announced the launch of the Restricted Share Plan 2018 on 12 November 2018. Due to the rights issue executed by the Company earlier and the reverse share split executed today on 18 December 2020, the maximum amount of rewards to be paid from the plan has been adjusted. After the adjustment, the rewards to be paid from the plan correspond to the value of a maximum total of 55,000 shares also including the proportion to be paid in cash.
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 operations located in Finland. With its wide technology portfolio, Componenta produces e.g. cast, machined and unmachined components for its clients who are local and global manufacturers of vehicles, machines and equipment. The company’s share is listed on Nasdaq Helsinki.