Home » Investors » Share » Option rights

Option rights

Option rights 2010

The Annual General Meeting on 5 March 2010 confirmed that stock options will be issued to the key personnel of Cargotec and its subsidiaries. The maximum total number of stock options issued will be 1,200,000 and the stock options entitle their owners to subscribe for a maximum total of 1,200,000 new class B shares in Cargotec or existing class B shares held by the Company. The target group of the plan is approximately 60 people.

The share subscription price will be based on the volume weighted average price of the Company’s class B share on the NASDAQ OMX Helsinki Ltd. during two full weeks following the Annual General Meeting in 2010, 2011 and 2012.

Share subscription periods

Option right	Subscription period	Subscription price
2010A	1 April 2013 - 30 April 2015	EUR 21.35/share
2010B	1 April 2014 - 30 April 2016
2010C	1 April 2015 - 30 April 2017

The beginning of the share subscription period requires attainment of targets established for a financial criterion determined by the Board of Directors annually.

If the operating profit of the financial year 2010 is below EUR 100 million, the share subscription period with stock options 2010A will not commence; if the operating profit of the financial year 2010 is at least EUR 100 million but below EUR 120 million, the share subscription period will commence with half of the stock options 2010A; if the operating profit of the financial year 2010 is EUR 120 million or above, the share subscription period will commence with all of the stock options 2010A.