TELESTE APPLIES FOR LISTING OF STOCK OPTIONS 2007B and 2007C

Teleste 

22.03.2012 08:00

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Turku, Finland, 2012-03-22 08:00 CET (GLOBE NEWSWIRE) -- 
TELESTE CORPORATION STOCK EXCHANGE RELEASE 22.3.2012 AT 09:00



TELESTE APPLIES FOR LISTING OF STOCK OPTIONS 2007B and 2007C

Teleste Corporation applies for listing of stock option rights 2007B and 2007C
of Teleste Corporation Stock Options 2007 programme on NASDAQ OMX Helsinki
stock exchange to commence on 2 April 2012. 

A total of 280,000 stock options 2007B were issued. There are currently 33 key
employees holding a total of 240.000 stock options 2007B. The company currently
holds 40.000 stock options 2007B. 

A total of 280,000 stock options 2007C were issued. There are currently 39 key
employees holding a total of 261,000 stock options 2007C. The company currently
holds 19,000 stock options 2007C. 

Each stock option 2007B entitles its holder to subscribe for one share of
Teleste Corporation at a subscription price of EUR 6.38. The share subscription
period is from 1 April 2011 to 30 April 2013. 

Each stock option 2007C entitles its holder to subscribe for one share of
Teleste Corporation at a subscription price of EUR 3.37. The share subscription
period is from 1 April 2012 to 30 April 2014. 

As a result of the exercise of the outstanding stock options 2007B, the number
of the Teleste Corporation shares may increase by a maximum of 280.000 new
shares. 

As a result of the exercise of the outstanding stock options 2007C, the number
of the Teleste Corporation shares may increase by a maximum of 280.000 new
shares. 

Evli Bank plc acts as a subscription place for share subscriptions with Teleste
Corporation 2007 stock options. 

The shares subscribed for under stock options 2007 during 2012 will be
registered in the Trade Register and listed on NASDAQ OMX Helsinki on the
following target dates: 



Share subscriptioin     Entry into the Trade Register    New shares tradable on 
 deadline                on or about                      or about              
April 23, 2012          May 11, 2012                     May 14, 2012           
June 12, 2012           July 2, 2012                     July 3, 2012           
September 25, 2012      October 12, 2012                 October 15, 2012       
October 26, 2012        November 14, 2012                November 15, 2012      
December 14, 2012       January 7, 2013                  January 8, 2013        



Shares will establish shareholders rights as of the date of share registration.

The terms and conditions of Teleste Corporation Stock Options 2007 with
additional information are available on the company's website
www.teleste.com/Investors/Teleste Share 



TELESTE CORPORATION

Jukka Rinnevaara
CEO



DISTRIBUTION:
NASDAQ OMX Helsinki
Main Media
www.teleste.com
News Source: NASDAQ OMX



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Language:     English
Company:      Teleste
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009007728
WKN:          
 
End of Announcement                             DGAP News-Service
 
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