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Scanfil Releases Decision of Board of Directors on Stock Option Plan
October 28, 2015 | ScanfilEstimated reading time: 1 minute
On 18 April 2013, the General Meeting of shareholders of Scanfil Plc decided to authorise the Board of Directors to decide on granting stock options rights to certain key personnel of the company and its subsidiaries. The total number of option rights can be 750,000 and they entitle the key personnel to subscribe for a combined total of 750,000 of the company's new shares or shares in company’s possession.
Based on the authorisation by the General Meeting, the Board of Directors has decided to grant the CEO of Scanfil plc and seven key persons of the Group option rights in all for 250,000 shares. The option rights shall be marked "2013C". Each option right entitles its holder to subscribe for one (1) of the company's new shares or shares in its possession. The subscription period for option right 2013C is 1 May 2018 – 30 April 2020. The subscription period for the option rights included in the option plan will not begin, unless the production and financial goals and conditions, set separately by the Board of Directors for exercising the option rights, are met. The option rights whose goals are not met will expire as determined by the Board. The subscription price of option right 2013C is EUR 2.91, which is the trading-volume weighted average share price in the NASDAQ OMX Helsinki of the period 1 - 31 March 2015.
About Scanfil GroupScanfil Group is an international supplier and system supplier to the telecommunication and electronics industries with extensive experience in demanding contract manufacturing. Our customers include international operators in the automation, energy, data transmission and health technology sectors, and companies operating in fields related to urbanization, among other industries. Scanfil is listed on the Helsinki Stock Exchange. In 2014 the group’s turnover was EUR 215 million and it employed 1.800 people in Finland, China, Estonia, Hungary and Germany. In 2015 Scanfil acquired PartnerTech, a global industrial partner offering customized solutions throughout the product lifecycle, with a turnover of SEK 2.2 billion and some 1,400 employees in Sweden, Norway, Finland, Poland, the UK, the United States and China. The combined company will be a strong player in the international EMS market with a comprehensive global network of factories and an extensive service portfolio.
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