Share Capital increase resulting from the exercise of Stock Option Plans
S&B Industrial Minerals SA announces that the trading of the Company's 87,175 new, ordinary, registered vote bearing shares which resulted from the increase in the share capital by €87,175 will start on the Athens Exchange on January 11, 2013.
This share capital increase has resulted from the exercise of stock option rights, by 17 senior executives of the Company. In specific:
16 persons received 42,775 shares from the exercise of option rights of the 2009 stock option plan at an exercise price of €4.06 (in accordance with the AGM decision dated 16.06.2009 and the Board of Directors decision dated 7.12.2012)
15 persons received 35,300 shares from the exercise of option rights of the 2010 stock option plan at an exercise price of €3.90 (in accordance with the AGM decision dated 17.06.2010 and the Board of Directors decision dated 7.12.2012)
8 persons received 9,100 shares from the exercise of option rights of the 2011 stock option plan at an exercise price of €4.52 (in accordance with the AGM decision dated 1.06.2011 and the Board of Directors decision dated 7.12.2012)
The above mentioned increase, which does not constitute amendment of the Articles of Association, has been approved and certified by the Company's Board of Directors on 7.12.2012, and recorded in the Commercial Register with the K5-976/28.12.2012 approval of the Ministry of Development, Competitiveness, Infrastructure, Transport and Networks.
S&B Industrial Minerals SA announces that the trading of the Company's 87,175 new, ordinary, registered vote bearing shares which resulted from the increase in the share capital by €87,175 will start on the Athens Exchange on January 11, 2013.
This share capital increase has resulted from the exercise of stock option rights, by 17 senior executives of the Company. In specific:
16 persons received 42,775 shares from the exercise of option rights of the 2009 stock option plan at an exercise price of €4.06 (in accordance with the AGM decision dated 16.06.2009 and the Board of Directors decision dated 7.12.2012)15 persons received 35,300 shares from the exercise of option rights of the 2010 stock option plan at an exercise price of €3.90 (in accordance with the AGM decision dated 17.06.2010 and the Board of Directors decision dated 7.12.2012)
8 persons received 9,100 shares from the exercise of option rights of the 2011 stock option plan at an exercise price of €4.52 (in accordance with the AGM decision dated 1.06.2011 and the Board of Directors decision dated 7.12.2012)
The above mentioned increase, which does not constitute amendment of the Articles of Association, has been approved and certified by the Company's Board of Directors on 7.12.2012, and recorded in the Commercial Register with the K5-976/28.12.2012 approval of the Ministry of Development, Competitiveness, Infrastructure, Transport and Networks.
The Athens Exchange approved on 9/1/2013 the commencement of trading of 87,175 new ordinary shares of the Company.The new shares will be credited to the investor and securities accounts in the Dematerialized Securities System (D.S.S.) on January 11, 2013. The opening price of the Company’s shares on the above date will be determined in accordance with the Regulation of the Athens Exchange.
