Ended option schemes and share-based incentive plans

 

Option-based incentive plan 2010
 
The Annual General Meeting held on March 31, 2010 resolved to issue stock options to the key personnel of Raute Group. The stock options were offered to key personnel of Raute Group separately determined by the Board of Directors in 2010-2013. The stock options were issued free of charge.
 
The total number of stock options was 240,000. Each stock option entitles the subscription for or acquisition of one (1) series A share. Of the stock options, a total of 80,000 are marked with the symbol 2010 A (2010), a total of 80,000 with the symbol 2010 B (2011) and a total of 80,000 with the symbol 2010 C (2012). The share subscription period for stock options 2010 A is from March 1, 2013 to March 31, 2016, for stock options 2010 B from March 1, 2014 to March 31, 2017 and for stock options 2010 C from March 1, 2015 to March 31, 2018. 
 

Terms and conditions of the 2010 option plan

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.

Rules of Raute Corporation's 1998 bond loan with warrants