SHARES SUBSCRIBED WITH TELESTE 2002B STOCK OPTIONS
TELESTE CORPORATION STOCK EXCHANGE RELEASE 16.10.2008 AT 10:00
SHARES SUBSCRIBED WITH TELESTE 2002B STOCK OPTIONS
A total of 100,946 shares in Teleste Corporation have been subscribed for with
the stock options 2002B after the increase of shares registered on 8 September
2008. In accordance with the Terms and Conditions, the share subscription price
with the stock options 2002B stock options is EUR 1.85/share.
The share subscription period with the stock options 2002B commenced in February
2006. The stock option program was approved by the Annual General Meeting on 8
April 2002.
These shares, 100,946 in total, have been entered into the Trade Register on 16
October 2008. As a result of the share subscriptions, the number of shares was
increased by a total of 100,946 new shares. The share subscription price will be
recorded under the invested non-restricted equity fund.
After the increase of 100,946 shares registered on 16 October 2008, the number
of Teleste shares is 17,805,590. The shares have no nominal value.
The holders of the new shares are entitled to all shareholder rights from the
registration date, i.e. 16 October 2008. Listing of the new shares will be
applied for on the NASDAQ OMX Helsinki together with the old shares beginning 17
October 2008.
Teleste is an international technology group founded in 1954, which is
specialized in broadband data communication systems and solutions. The group is
divided into two Strategic Business Units: Broadband Cable Networks and Video
Networks. Broadband Cable Networks serves cable operators and a major part of
its business activities are handled through direct customer contact. Video
Networks supplies solutions for optical signal transmission and video network
management software solutions for video surveillance and a major part of its
business is handled through system integrators. Both Business Units are among
the leading providers in their market areas and are globally recognized for
their know-how and ability to produce technically cutting edge solutions year
after year. In 2007 the group's net sales totalled EUR 125.1 million and the
group employed 672 persons at the year-end. The company has approximately 30
offices world-wide and over 90% of Teleste's net sales are generated outside
Finland. The company is listed on the NASDAQ OMX Helsinki Ltd.
Visit www.teleste.com for more information.
TELESTE CORPORATION
Jukka Rinnevaara
CEO
ADDITIONAL INFORMATION:
CFO Erja Saarikoski tel. +358 2 2605 685 or +358 40 550 9677
DISTRIBUTION:
NASDAQ OMX Helsinki
Media
www.teleste.com
