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Biohit Oyj’s Option Schemes I 2013 and II 2013


On the basis of authorization given by General Shareholders’ Meeting of 13.4.2011 Biohit Oyj’s Board of Directors has on 19th June 2013 decided on two option schemes. Option rights are distributed to company’s management and employees to strengthen their commitment and enhance their motivation. In addition option rights are distributed to Mikko Salaspuro and Martti Marvola on the basis of strengthening their commitment to product development performed for the Company and intellectual property rights received by the company and existing contractual obligations of the company that are waived by the recipients of the option rights in connection of the receipt of the option rights.

Option rights in scheme I 2013 are marked as I 2013A, I 2013B, I 2013C, I 2013D and I 2013E. The Board shall have the right to convert option rights possessed by the Company or its group of companies from a one option class to another option class and also to decide on the re-granting of option rights that have been restored to the company. The maximum total number of the option rights to be granted is 500.000 option rights. 200.00 option rights will be offered to Managing Director Semi Korpela and the remaining 300.000 option right will be offered to company management and employees later. Each option right entitles its holder to subscribe one new B-share in the company. For option right class I 2013A share subscription period commences on 1 June 2014, for option right class I 2013B on 1 June 2015, for option right class I 2013C on 1 June 2016, for option right class I 2013D on 1 June 2017 and for option right class I 2013E on 1 June 2018. For all option rights the share subscription period ends on 31 May 2019. Share subscription price is 3.00 euros. The subscription price can also be amended pursuant to terms and conditions of the option scheme.

Option rights in scheme II 2013 are marked as II 2013. 320.000 option rights are granted to Mikko Salaspuro and 100.000 option rights are granted to Martti Marvola. Each option right entitles its holder to subscribe one new B-share in the company. For option rights II 2013 share subscription period commences on 1 July 2013 and ends on 30 June 2015. Share subscription price is 3,00 euros. The subscription price can also be amended pursuant to terms and conditions of the option scheme.


Biohit oyj’s option schemes i 2013 and ii 2013 – terms update and management team option arrangement

Biohit Oyj October 10, 2013

Biohit Oyj’s Board of Directors has on October 10, 2013 decided to distribute in total 60.000 option rights in class I 2013A of the option scheme I 2013 to the members of the company management team as follows, excluding the CEO: Hendolin Panu 12.000 pcs, Mattila Jaana 12.000 pcs, Mickels Anu 12.000 pcs, Paloheimo Lea 12.000 pcs and Syrjänen Kari 12.000 pcs. For option rights in this class share subscription period commences on June 1, 2014 and ends on May 31, 2019. 

In addition, the Board of Directors has decided to amend the conditions of both the scheme I 2013 and II 2013 so that 0.17 euros from the subscription price is recorded in the share capital. Correspondingly, the subscription price shall be at least 0.17 euros. 

Biohit Oyj’s Option Scheme I 2013 – International Sales Management Option Arrangement

Biohit Oyj  December 17, 2013

Biohit Oyj’s Board of Directors has on December 16, 2013 decided to distribute option rights in class I 2013B of the option scheme I 2013 to Johnson Graham 10.000 pcs and 2013C of the option scheme I 2013 to Campolunghi Antonella 5.000 pcs and Patrakka Ilari 5.000 pcs.

For option rights in class 2013B share subscription period commences on June 1, 2015 and ends on May 31, 2019.
For option rights in class 2013C share subscription period commences on June 1, 2016 and ends on May 31, 2019.

Biohit Oyj’s Management Team Option Arrangement

Biohit Oyj, December 16, 2015

Biohit Oyj’s Board of Directors has decided to distribute in total 60,000 option rights in class I 2013C of the option scheme I 2013 to the members of the company’s management team excluding the CEO as follows: Hendolin Panu 15,000 pcs, Nordström Niklas 15,000 pcs, Mickels Anu 15,000 pcs and Astola Annika, 15,000 pcs.

Each option right entitles its holder to subscribe for one (1) of the company’s new class B-shares. Share subscription price is 2.2766 euros. The subscription price can be amended pursuant to the terms and conditions of the option scheme.

Biohit Oyj’s Option Scheme I 2013 – International Sales Management Option Arrangement

Biohit Oyj February 22, 2016 

Biohit Oyj’s Board of Directors has decided to distribute in total 10,000 pcs option rights in class I 2013E of the option scheme I 2013 to the key members of the company’s international sales management as follows: Ilari Patrakka 5,000 pcs, Qiongchao Zhang 5,000 pcs.

Each option right entitles its holder to subscribe for one (1) of the company’s new class B-shares. Share subscription price is 2.2766 euros. The subscription price can be amended pursuant to the terms and conditions of the option scheme. For option rights in class I 2013E share subscription period commences on June 1, 2018 and ends on May 31, 2019.

Biohit Oyj Stock Options I 2013 will be registered in the Finnish book-entry system

Biohit Oyj June 17, 2016 

Biohit Oyj has decided to convert all outstanding Biohit Oyj I 2013A–E stock options into Biohit Oyj I 2013 stock options. Additionally, the Board of Directors of Biohit Oyj has decided to register the Stock Options I 2013 in the Finnish book-entry system. Registration will not affect the terms of the Option Scheme or share subscription periods.

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Biohit Oyj’s Option Scheme I 2013 – Management Option Arrangement

Biohit Oyj December 5, 2016 

Biohit Oyj’s Board of Directors has decided on December 5, 2016 to distribute option rights of the option scheme I 2013 as follows: Graham Johnson 30,000 pcs, Panu Hendolin 30,000 pcs, Niklas Nordström 30,000 pcs, Daniela Söderström 30,000 pcs and Ilari Patrakka 30,000 pcs.

For the option rights share subscription period commences on January 1, 2017 and ends on May 31, 2019. The persons have accepted the option rights.


updated-terms-of-biohit-oyj-s-option-schemes-i-2013-and-ii-2013.pdf (394.07 Kt)