AS HANSAPANK

ANNOUNCEMENT

04.01.99

 

 

SHARE OPTIONS FOR HANSABANK GROUP’S EMPLOYEES

 

 

According to the decision of the extraordinary general meeting 

of shareholders held on October 11, 1998, Hansabank’s Board 

decided today to issue share options to the organization’s 

employees under the following conditions:

 

1. Employees subject to the option plan and the number of 

options issued to each person was decided by the Board based on 

the performance during 1998.

2. One person may receive an option for up to 40,000 shares.

3. A total of 718 000 shares will be issued under this option 

plan, provided that all employees subject to the option plan 

wish to use their options in full.

4. The maturity date is 04.01.2000.

5. Option type is Europe.

6. Strike price is 49.92 EEK  (the average price at 31.12.98).

7. The shares issued are first entitled to the dividends for 

the economic year of 1999.

8. The shares issued are B-series common shares.

 

 

 

HANSABANK Ltd.

 

 

 

Mart Toevere

Economist

Tel. +372 6131 569