Ended option schemes and share-based incentive plans
Share-based incentive plan 2006-2008
On March 22, 2006, the Board of Directors of Raute Corporation approved a
share-based incentive plan. The earning period started on 1 January 2006 and ended on 31 December 2008.
The amount of the reward paid on the basis of the plan, was bound to Raute's operating profit (weight 75%) and on the evaluation of the Board of Directors' on e.g. the materialization of the strategy (weight +/- 25%). The reward from the plan was paid as combination of shares and cash payment.
On 27 March 2009, Raute Corporation conveyed 18,900 Raute's series A shares held by the company gratuitously to 17 key persons of the company's share-based incentive plan. The shares earned through the plan had to be held for a minimum of two years after the date of payment, until 23 March 2011.
Bond loan with warrants 1998
Accordingly its rules, Raute Corporation's 1998 bond loan with warrants ended on 30 September 2006.
The last subscriptions of 115,300 pcs of series A shares with B warrants related to the 1998 Raute bond loan with warrants were made during August-September 2006.
The registration date of the shares was 2 November 2006. The new shares were traded on the Nordic list of Helsinki Stock Exchange together with the old shares on 3 November 2006.
The total amount of B warrants related to the Raute bond loan with warrants was 212,500 pcs. 22,350 pcs of warrants remained unsubscribed.