Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
HELSINKI, Finland, Oct 29, 2007 - (Hugin via ABN Newswire) - YIT CORPORATION 29 OCT, 2007 at 10:05 CORPORATE RELEASE CORPORATE ACTION
LISTING OF SHARE SUBSCRIPTIONS IN 2008 ON THE BASIS OF YIT'S SERIES K, L AND M SHARE OPTIONS
In 2008, shares can be subscribed for in the period from April 1 to November 28 on the basis of the Series K, L and M share options issued by YIT Corporation in 2006.
It is intended that the increases in the share capital on the basis of the subscriptions will be carried out in 2007 as follows:
+-------------------------------------------------------------------+ | Share subscription | Entry into the Trade | New shares | | deadline | Register | listed | |--------------------+---------------------------+------------------| | April 18, 2008 | April 29, 2008 | April 30, 2008 | |--------------------+---------------------------+------------------| | June 10, 2008 | June 19, 2008 | June 23, 2008 | |--------------------+---------------------------+------------------| | August 14, 2008 | August 22, 2008 | August 25, 2008 | |--------------------+---------------------------+------------------| | October 23, 2008 | October 31, 2008 | November 3, 2008 | |--------------------+---------------------------+------------------| | November 28, 2008 | December 8, 2008 | December 9, 2008 | +-------------------------------------------------------------------+
Shares subscribed for on the basis of the share options entitle their holders to a dividend as from the date of subscription. Other rights will vest when the share capital increase has been entered in the Trade Register.
Subscriptions will be accepted at Nordea Bank Finland plc.
SUMMARY OF THE TERMS AND CONDITIONS OF THE SHARE OPTION PROGRAM
YIT Corporation's Annual General Meeting held in the spring of 2006 granted a maximum total of 300,000 K, 900,000 L, 900,000 M and 900,000 N share options for subscription without consideration.
The shares can be subscribed for annually during the period from April 1 - November 30. The subscription period with the Series K and L share options is in 2007-2008, with Series M share options in 2008-2009 and with Series N share options in 2009-2010.
Each Series K, L, M and N share option entitles its holder to subscribe for one YIT Corporation share (YTY1V).
The subscription price of a share subscribed for with the Series K and L share options is EUR 20.53 per share. The subscription prices of shares subscribed for with the other share options will be confirmed before the subscription period begins.
The terms and conditions of the share option programmes as a whole are presented on the company's internet site www.yitgroup.com.
For additional information, contact: Marja Salo, Director of Administration, YIT Corporation, tel. +358 20 433 2470, marja.salo@yit.fi Jaakko Mäkynen, Vice President, Finance, YIT Corporation, tel. +358 20 433 2307, jaakko.makynen@yit.fi
YIT CORPORATION
Juha Kostiainen Vice President, Corporate Communications and Business Development
Distribution: OMX Nordic Exchange in Helsinki, principal media, www.yitgroup.com
