Wärtsilä Corporation COMPANY ANNOUNCEMENT 20.3.2008 at 9.00 am
The extra dividend of 2 euros per share approved by Wärtsilä's Annual General Meeting on 19 March 2008 will reduce the subscription price of the 2002 stock options as provided by the terms and conditions of these schemes, by the amount of the extra dividend, i.e. by 2 euros per share. Thus the subscription price of the Wärtsilä B share under the under the 2002 options is 5.40 euros. The deduction from the share subscription price shall be effected as per the dividend record date, 26 March 2008.
Due to the resolution of the Annual General Meeting to combine the share series, the references to series B shares in the 2002 stock option scheme shall change to the reference to company shares on 26 March 2008 when the change has been registered in the Trade register.
Wärtsilä Corporation, STOCK EXCHANGE ANNOUNCEMENT 24.1.2007 at 3.30 pm
The extra dividend of 1.50 euros per share approved by Wärtsilä's Extraordinary General Meeting on 24 November 2006 will reduce the subscription price of the 2001 and 2002 stock options as provided by the terms and conditions of these schemes, by the amount of the extra dividend, i.e. by 1.50 euros per share. Thus the subscription price of the Wärtsilä B share under the 2001 options is 14.60 euros and under the 2002 options 7.40 euros.
Wärtsilä Corporation STOCK EXCHANGE ANNOUNCEMENT 4 April 2005, 11.00
Wärtsilä Corporation has today paid an ordinary dividend of 0.45 euros per share and an extra dividend of 0.45 euros per share, as decided by the Annual General Meeting. The extra dividend has reduced the subscription price of the B shares under the 2001 and 2002 stock options, in line with the terms of these schemes, by the amount of extra dividend, i.e. by 0.45 euros per share. Hence the share subscription price under the 2001 options now stands at 16.70 euros per share and under the 2002 options at 9.50 euros per share.
Wärtsilä Corporation STOCK EXCHANGE RELEASE 1 December 2004 at 17.45
The extraordinary general meeting of Wärtsilä Corporation held on 1 December 2004 decided to pay an extra dividend of one euro per share on the financial year 2003 as proposed by the company’s Board of Directors. The meeting also approved a bonus issue under which one new A share will be issued for two existing A shares and one B share for two existing B shares.
Effect of extra dividend and bonus issue on option schemes:
Wärtsilä has two option schemes: 2001 and 2002. The extra dividend will reduce the share subscription prices under Wärtsilä Corporation’s 2001 and 2002 option schemes according to the terms and conditions of these schemes.
Under the terms and conditions of these schemes, should the company increase its share capital with a bonus issue before the subscription of shares, the share subscription ratio shall be amended so that the ratio to the share capital of shares to be subscribed for by virtue of the warrants remains unchanged. Accordingly, the share subscription price as determined under the terms and conditions of the option schemes will be divided by 1.5 and two (2) warrants shall entitle their holder to subscribe for three (3) Wärtsilä Corporation B shares.
The effect of the extra dividend on the share subscription price of the 2001 warrants will be 17.15 euros and on the share subscription price of the 2002 warrants 9.95 euros.
