Share subscription price and market value of Scanfil plc’s stock options 2022CI and 2022CII

Scanfil plc     Stock Exchange Release     3 December 2024 at 10:00 a.m. EET

Share subscription price and market value of Scanfil plc’s stock options 2022CI and 2022CII

On 25 October 2024, the Board of Directors of Scanfil plc decided to distribute stock options 2022CI and 2022CII to key personnel of the group. The Board of Directors decided on the stock option plan on 27 October 2022, by virtue of an authorization granted by the Annual General Meeting of the company on 21 April 2022. 

The subscription price of shares subscribed with the stock options 2022CI and 2022CII is the trade volume weighted average quotation of Scanfil plc share on Nasdaq Helsinki Ltd during the period of 1 November 2024 – 30 November 2024, which is EUR 7.76 per share. The share subscription price of the stock options 2022CI will be reduced by the amount of share capital distributed per share and, subject to the Board’s decision, by the amount of extra dividends and assets distributed from the reserve for invested unrestricted equity per share. The stock options 2022CI and 2022CII entitle their owners to subscribe for a maximum total of 400,000 new shares in the company or existing shares held by the company. The share subscription period of the stock options 2022CI and 2022CII is 1 May 2027 – 30 April 2029.

The theoretical market value of one stock option 2022CI and 2022CII is approximately EUR 1.62 per stock option. The theoretical market value of the stock options is approximately EUR 648 000 in total. The theoretical market value of the stock options has been calculated by using the Black & Scholes stock option pricing model with the following assumptions: share price EUR 7.9, share subscription price EUR 7.76, risk-free interest rate 2.04%, expected dividend yield 2.91%, validity of stock options approximately 4.5 years and volatility 29.04%. 

The terms and conditions of the stock options 2022 are available on the company’s website https://www.scanfil.com/investors/annual-general-meetings/option-scheme.

Scanfil plc

Board of Directors

Additional information:
Chairman of the Board of Directors, Harri Takanen
tel. +358 8 4882 111

Scanfil in brief
Scanfil plc is Europe’s largest listed provider of electronics manufacturing services (EMS), whose turnover in 2023 amounted to EUR 902 million. The company serves global sector leaders in the customer segments of Industrial, Energy & Cleantech, and Medtech & Life Science. The company’s services include design services, prototype manufacture, design for manufacturability (DFM) services, test development, supply chain and logistics services, circuit board assembly, manufacture of subsystems and components, and complex systems integration services. Scanfil’s objective is to grow customer value by improving their competitiveness and by being their primary supply chain partner and long-term manufacturing partner internationally. Scanfil’s longest-standing customer account has continued for more than 30 years. The company has global supply capabilities and 11 production facilities across four continents. www.scanfil.com