01.10.2009

Cramo applies for options listing

The directors of Finnish based rental company – Cramo is to apply for a listing of its stock option rights 2006A on the NASDAQ OMX Helsinki exchange from 20th October 2009 2009.

A total of 1,000,000 stock options 2006A were issued in 2006 to certain key managers of which 31 remain, holding a total of 690.000 options. A wholly-owned subsidiary of Cramo currently holds a further 310.000 2006 options which will not be used for share subscription.

Each stock option entitles its holder to acquire one share of Cramo at a price of €13.16. The share subscription period is 1st October 2009 – 31st January 2011.

As a result of the exercise of the outstanding 2006 stock options the number of the Cramo shares could increase by a maximum of 690.000 new shares, which accounts for 2.3 percent of the equity.