Warrants
General information on warrants
The issued warrants in question would have corresponded to 5.1% of the Company’s shares and votes as of December 31, 2007. The warrant programs were approved at Amer Sports shareholder meetings in the year when each program started. In Amer Sports’ current 2003 and 2004 warrant programs, one warrant entitles its holder to subscribe for three Amer Sports Corporation shares. In the 2007 warrant program, one warrant can be exercised to subscribe for one Amer Sports Corporation share. The Company’s Board of Directors decides on the number of warrants to be issued.
The warrants issued under all the warrant programs may not be transferred to a third party or pledged as security before the beginning of the share subscription period without the consent of the Company’s Board of Directors. Warrants will be transferred automatically to Amera Oy in the event that a warrant holder’s employment or position with Amer Sports comes to an end before the start of the share subscription period, as set out in detail in the terms and conditions of the warrants. As of December 31, 2007, Amera Oy held 123,550 of the 2004 warrants and 10,000 of the 2003 warrants.
Shares subscribed for on the basis of the warrant programs entitle the shareholder to a dividend for the fiscal year during which the subscription was made. Other shareholder rights commence when the increase in share capital corresponding to the share subscription has been entered in the Trade Register.
2005 warrant program was cancelled on June 20, 2008