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[February 05, 2014]
The Board of Directors of Comptel Corporation Resolved Conditionally on Key Personnel Incentive Plan
(M2 PressWIRE Via Acquire Media NewsEdge) The Board of Directors of Comptel Corporation (the Company) has resolved on a new stock option incentive plan for the Group key personnel as part of the Company's incentive and commitment program. The target group of the Plan consists of approximately 30 people. The aim of the new plan is to combine the objectives of the shareholders and the key personnel in order to increase the value of the Company, to commit the key personnel to the Company, and to offer them a competitive reward plan based on long-term shareholding in the Company.
A maximum total of 4,200,000 options will be granted and they entitle their holders to subscribe to a maximum of 4,200,000 new or existing Company's own share. The new incentive plan is to replace the existing incentive plan from the year 2012 with a longer-term incentive plan. If the employee holds options of the 2012 inventive plan, the prerequisite for subscribing the stock options under the new incentive plan is that the employee simultaneously relinquishes his or her rights to stock options under the 2012 incentive plan.
Of the stock options, 2,200,000 are to be marked with the symbol 2014A, 1,000,000 are to be marked with the symbol 2014B and 1,000,000 are to be marked with the symbol 2014C. The Board of Directors of decides on how the stock options are allocated to the key personnel.
The subscription price for each option is defined as the weighted average trade price of the Company's stock in NASDAQ OMX Helsinki as follows: for the option 2014A between February 15 - March 15, 2014, for the options 2014B between February 15 - March 15, 2015 and for the options 2014C February 15 - March 15, 2016.
The subscription periods for the shares are as follows: for options 2014A February 1, 2016 - January 31, 2018; for options 2014B February 1, 2017 - January 31, 2019 and for options 2014C February 1, 2018 - January 31, 2020.
Pursuant to the stock option subscriptions, the number of shares can increase by a maximum of 4,200,000 new shares. The Board of Directors decided on the new incentive plan based on the authorization of the Annual General Meeting held at March 20, 2013.
COMPTEL CORPORATION Juhani Hintikka President and CEO Further information, please contact: Mr. Juhani Hintikka, President and CEO, tel. +358 9 700 1131 Distribution: NASDAQ OMX Helsinki Major Media Since 1986, Comptel has helped more than 290 service providers across 87 countries meet over one billion subscribers' communications and infotainment needs. Comptel's solutions are built on an event - analysis - action strategic framework that leverages the company's strengths in event data processing and advanced predictive analytics to enable real-time action. Comptel's service fulfillment, mediation, charging and policy control, and predictive social analytics products with implementation and professional services enable service providers to enhance customer engagement and, in turn, create revenue, reduce costs and lessen churn. Comptel has a global team of 679 professionals, and net sales were EUR 82 million in 2012.
For more information, visit www.comptel.com Comptel Corporation Salmisaarenaukio 1, 00180 HELSINKI Finland | T: +358 9 7001131 F: +358 9 70011375 www.comptel.com
(c) 2014 M2 COMMUNICATIONS
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