ERJ staff report (DS)
Helsinki, Finland - Nokian Tyres plc is proposing a rights issue for its 2010A of Nokian Tyres plc Stock Options 2010 program to commence on 2 May 2012. As a result of the exercise of the outstanding stock options 2010A, the number of the Nokian Tyres plc shares may increase by a maximum of 1,320,000 new shares.
The company said the subscription price is Euro 16.29 (not euro 17.49 as published in some early editions)
As a result, the company stands to gain around euro 21.5 million before costs.
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Press release (corrected version) from Nokian