Resolution of the supervisory board on execution of option agreements
Posted on 15.02.2007
Option agreements were concluded with members of the management board of OEG and employees of OEG and its subsidiaries. Option agreements entitle every member of the management board to subscribe altogether 166,812 shares of OEG and every employee respectively 66,723 shares during the period of 2008 - 2010. The exact number of shares that may be subscribed by every member of the management board and every employee of OEG and its subsidiaries depends on fulfilment of the financial goals and goals related to specific area of activity of every member of the management board and employee.
The options may be exercised every year from 2008 until 2010. The subscription periods of the shares will be determined in relevant resolutions on increase of share capital. The subscription price for the options of 2008 is 80 kroons and 30 cents per share (EUR 5,13). The subscription prices for exercising the options of 2009 and 2010 will be determined by adding 10% to weighted average price of the share of OEG paid for in transactions made during the previous calendar year through mediation of the Tallinn Stock Exchange. The executed option agreements grant the right to receive dividends for a financial year on which the respective share capital increase is entered into the Commercial Register.
For additional information please contact:
Member of the Management Board
Olympic Entertainment Group
Phone + 372 667 1250