PresseBox
Press release BoxID: 556622 (SSH Germany)
  • SSH Germany
  • Otto-von-Guericke-Ring 7
  • 65205 Wiesbaden
  • https://www.ssh.com
  • Contact person
  • Jyrki Lalla
  • +358 (45) 3404641

SSH Communications Security Corporation's Share Issue Directed to thr Personnel Ended

(PresseBox) (Helsinki, Finland, ) The Board of Directors of SSH Communications Security Corporation decided on 31 October 2012 to arrange a share issue directed to the company's and the group's personnel.

A maximum total of 1,000,000 new shares were offered for subscription. The subscription price was EUR 0.70 per share. The share subscription period ended on 16 November 2012. The Board of Directors has decided on the approval of the share subscriptions.

The Board of Directors approved 200,300 subscriptions for new shares. The total subscription price of the new shares is EUR 140,210. Approved subscriptions shall be paid not later than 30 November 2012.

The shares subscribed for in the share issue represent in total 0.66 percent of the company's existing shares and the voting rights carried by the existing shares before the share issue and 0.65 percent of the company's existing shares and new shares and the voting rights carried by the existing and new shares after the share issue.

The shares subscribed for and paid in accordance with the terms and conditions of the share issue will be entered into the Trade Register and applied for public trading estimated during week 50. After the Trade Register entry of the new shares, the total number of shares of the company will increase by 200,300 shares to 30,749,508 shares. If all the approved subscriptions will be paid in accordance with the terms and conditions, the part of subscription price of EUR 6,009 related to nominal share price will be credited to share capital and subscription price of EUR 132,201 will be credited to the reserve of the company's unrestricted equity.

The decision on the share issue is based on the authorization given by the Annual General Meeting of Shareholders held on 28 March 2012.