Amer Group's Board of Directors propose management incentive cheme
1998-02-24, 17:00
Amer Group Plc's Board of Directors have decided to propose to the
General Shareholders Meeting to be held on 18 March 1998 that
warrants be issued to Amer Group Plc's key personnel.
The proposed number of warrants to be issued will be 850,000 with
entitlement to subscribe for a maximum of 850,000 Amer Group A
shares.
Of these warrant certificates 225,000 will be marked with the letter A,
225,000 with the letter B and 340,000 with the letter C. The share
subscription price shall be the trade volume weighted average price of
the shares on the Helsinki Stock Exchange during the period from
11 March to 17 March 1998 with an addition of ten (10) per cent,
rounded upwards to the nearest full Finnish markka. From the share
subscription price, as per the date when the relevant dividend is
available for payment, shall be deducted the amount of dividend
distributed after 18 March 1998 but before the date of subscription. The
subscription period starts in three stages, on 1 January 2001, on
1 January 2002 and on 1 January 2003. The subscription period ends
on 31 March 2004 for all the warrant certificates.
The warrants are part of a management incentive scheme with the
intention of increasing management s commitment to work in the
long-term interests of the Company and to increase shareholder value.
General Shareholders Meeting to be held on 18 March 1998 that
warrants be issued to Amer Group Plc's key personnel.
The proposed number of warrants to be issued will be 850,000 with
entitlement to subscribe for a maximum of 850,000 Amer Group A
shares.
Of these warrant certificates 225,000 will be marked with the letter A,
225,000 with the letter B and 340,000 with the letter C. The share
subscription price shall be the trade volume weighted average price of
the shares on the Helsinki Stock Exchange during the period from
11 March to 17 March 1998 with an addition of ten (10) per cent,
rounded upwards to the nearest full Finnish markka. From the share
subscription price, as per the date when the relevant dividend is
available for payment, shall be deducted the amount of dividend
distributed after 18 March 1998 but before the date of subscription. The
subscription period starts in three stages, on 1 January 2001, on
1 January 2002 and on 1 January 2003. The subscription period ends
on 31 March 2004 for all the warrant certificates.
The warrants are part of a management incentive scheme with the
intention of increasing management s commitment to work in the
long-term interests of the Company and to increase shareholder value.