Alma Media Corporation Stock Exchange Release 4 May 2009 at 15.05
ALMA MEDIA: SHARE SUBSCRIPTION PRICE WITH STOCK OPTIONS 2009A AND MARKET VALUE OF STOCK OPTIONS 2009A
The share subscription price for a stock option 2009A is EUR 5.21/share (the trade volume weighted average quotation of the share on the NASDAQ OMX Helsinki Oy during 1 April-30 April 2009). Each year the dividend is deducted from the subscription price.
A total of 710,000 new shares or existing shares held by the Company can be subscribed for with stock options 2009A. The share subscription period for stock options 2009 will be 1 April 2012-31 March 2014.
The theoretical market value of a stock option 2009A is EUR 1.57/stock option. The theoretical market value of all of the stock options 2009A is thus approximately EUR 1.1 million. The theoretical market value of one stock option has been calculated through the use of Black & Scholes stock option pricing model with the following input factors: share price EUR 5.08, share subscription price EUR 5.21, risk free rate 3.0%, validity of stock options 5 years and volatility 30%.
The terms and conditions of the Stock Options 2009 are available on the company's internet pages www.almamedia.fi/option_programmes.
Alma Media Corporation
Mikko Korttila, General Counsel
For further information, please contact:
Alma Media Corporation, Mikko Korttila, tel. +358 10 665 2201
NASDAQ OMX Helsinki Ltd.
Alma Media in brief
Alma Media is a profitably growing and internationally expanding company that invests in the future of newspapers and online media. It's best known products are the Aamulehti, Iltalehti, Kauppalehti and Etuovi.com.
Net sales in 2008 totalled EUR 341 million and the operating margin was over 14%. The company's share is listed in the Mid Cap segment of the NASDAQ OMX Helsinki Exchange, trading code ALN1V.