The Board of Directors of Efore Plc resolved in March 2005, by authorization of the Annual General Meeting of Shareholders held in December 2004, that stock option program be issued in order to commit the key personnel to the employer on a long term basis. A share ownership plan, in which the key personnel is obliged to acquire Efore Plc shares with 20 % of the net income gained from the stock options and own these shares for one year, is incorporated to the stock option program.

Based on the stock option program a total of 2,250,00 stock options were issued, each entitling to subscription of one Efore Plc share. The stock options are divided in stock options 2005A (950,000), 2005B (650,000) and 2005C (650,000). Upon issue, a part of the stock options 2005A were distributed to the key personnel of Efore Plc and all of the stock options 2005B and 2005C as well as the remaining stock options 2005A were granted to Fi-Systems Oy, a wholly-owned subsidiary of Efore Plc, from which stock options can be distributed to the key personnel of Efore Group by resolution of the Board of Directors of Efore Plc.
 
The share subscription price shall be for stock option 2005A the trade volume weighted average quotation of the Efore Plc share on the Helsinki Stock Exchange between 1 January and 15 March 2005, i.e. EUR 3.07, for stock option 2005B the trade volume weighted average quotation of the Efore Plc share on the Helsinki Stock Exchange between 1 January and 15 March 2006 and for stock option 2005C the trade volume weighted average quotation of the Efore Plc share on the Helsinki Stock Exchange between 1 January and 15 March 2007.  From the share subscription price of stock options will be deducted the amount of the dividend distributed annually.
 
The share subscription period for stock options 2005A is 1 November 2007 - 30 April 2010, for stock options 2005B 1 April 2008 - 30 April 2011 and for stock options 2005C 1 April 2009 - 30 April 2012. 

Stock option terms (100.99 kilobytes)