The effect of Neste Oil shares distributed as a dividend on the subscription price of Fortum options
In Fortum option programs, the dividend correction of the subscription
price for Neste Oil Corporation shares distributed as a dividend is
calculated by dividing the sales price of the Neste Oil Corporation
share by four which results in a decrease of 3.75 euros in the
subscription price of Fortum Corporation share.
Of the option programs currently listed on the Helsinki Stock Exchange
this affects the options of Fortum Corporation’s 1999 bond loan with
warrants to the employees (Fortum Corp -99 warrant FUM1VEW199) and the
share options 2002A for key employees (Fortum Corp -02A warrant
FUM1VEW102), and the new subscription price of both is the nominal
value of the Fortum Corporation share, that is EUR 3.40.
The possibility to subscribe shares based on the share warrants
relating to Fortum Corporation’s 1999 bond loan with warrants to the
employees will end on 17 May 2005.
