Amer Sports' 2005 warrants - subscription update
2005-06-23, 10:49
All 500,000 of Amer Sports' 2005 warrants have been subscribed. Each warrant shall entitle its holder to subscribe for one (1) Amer Sports Corporation share whose accounting countervalue is four (4) euros.
Waiving the pre-emptive subscription right of shareholders, the warrants were granted for subscription by Amera Oy, a fully-owned subsidiary of Amer Sports Corporation, and they will be used as long-term incentives for the Company's group management in 2005-2009 in a manner to be specified by the Company's Board of Directors. Warrants will be granted to the group management after the publication of the 2007 financial statements.
The share subscription price is EUR 14.86, which is the share turnover-weighted average price of Amer Sports Corporation's shares on the Helsinki Stock Exchange during the period from January 2 to February 14, 2005, plus ten (10) per cent. The share subscription period will begin on March 1, 2008, and end on December 31, 2009.
Waiving the pre-emptive subscription right of shareholders, the warrants were granted for subscription by Amera Oy, a fully-owned subsidiary of Amer Sports Corporation, and they will be used as long-term incentives for the Company's group management in 2005-2009 in a manner to be specified by the Company's Board of Directors. Warrants will be granted to the group management after the publication of the 2007 financial statements.
The share subscription price is EUR 14.86, which is the share turnover-weighted average price of Amer Sports Corporation's shares on the Helsinki Stock Exchange during the period from January 2 to February 14, 2005, plus ten (10) per cent. The share subscription period will begin on March 1, 2008, and end on December 31, 2009.