TALV Talvivaara

 
TIDMTALV 
 
Stock Exchange Release 
 
Talvivaara Mining Company Plc 
 
29 April 2011 
 
 
 
 
Talvivaara Mining Company Plc Share Subscription Price and Market Value of Stock 
Options 2011A 
 
 
The  Annual General  Meeting of  Shareholders of  Talvivaara Mining  Company Plc 
decided  on issue  of stock  options to  the Talvivaara  Group key employees and 
partly to the personnel on 28 April 2011. The share subscription price for stock 
option  2011A is EUR 6.33 per share (the trade volume weighted average quotation 
of  the share  on NASDAQ  OMX Helsinki  Ltd. during 1 March-31 March 2011). Each 
year  dividends  and  repayments  of  equity  will  be  deducted  from the share 
subscription price. 
 
A  total of 2,500,000 new shares  or existing shares held  by the Company can be 
subscribed for with stock options 2011A. The share subscription period for stock 
options  2011A will be 1 April 2014-31 March 2016. The commencement of the share 
subscription  period  requires  attainment  of  certain operational or financial 
targets of the Group determined by the Board of Directors. 
 
The  Board of Directors decides on the distribution of stock options annually in 
spring  2011, 2012 and 2013. The target group of  the Plan consists of the Group 
key  employees including the members of the Group Executive Committee and partly 
the personnel of the Group. 
 
The  theoretical  market  value  of  one  stock  option  2011A is  EUR 2.00. The 
theoretical  market value of the stock  options 2011A is EUR 5,000,000 in total. 
The theoretical market value of one stock option has been calculated through the 
use  of Black  & Scholes  stock option  pricing model  with the  following input 
factors:  share  price  EUR  5.98, share  subscription price EUR 6.33, risk free 
interest rate 2.84%, validity of stock options five years and volatility 35%. 
 
The  terms  and  conditions  of  the  Stock  Options  2011 are  available on the 
Company's website www.talvivaara.com/options-scheme-2011-terms. 
 
 
Enquiries: 
 
Talvivaara Mining Company Plc, tel. +358 20 712 9800 
Pekka Erkinheimo, Chief Commercial Officer 
Saila Miettinen-Lähde, Chief Financial Officer 
 
 
Talvivaara Mining Company Plc 
Talvivaara Mining Company is an internationally significant base metals producer 
with its primary focus on nickel and zinc using a technology known as 
bioheapleaching to extract metals out of ore. Bioheapleaching makes extraction 
of metals from low grade ore economically viable. The Talvivaara deposits 
comprise one of the largest known sulphide nickel resources in Europe. The ore 
body is estimated to support anticipated production for several decades. 
Talvivaara has secured a 10-year off-take agreement for 100 per cent of its main 
output of nickel and cobalt to Norilsk Nickel and entered into a long-term zinc 
streaming agreement with Nyrstar NV. Talvivaara is listed on the London Stock 
Exchange Main Market and NASDAQ OMX Helsinki and is included in the FTSE 250 
Index. Further information can be found atwww.talvivaara.com. 
 
 
 
Share Subscription Price and Market Value of Talvivaara Stock Options: 
http://hugin.info/136227/R/1510839/446050.pdf 
 
 
 
 
This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
 
Source: Talvivaaran Kaivososakeyhtiö Oyj via Thomson Reuters ONE 
 
[HUG#1510839] 
 

Talvivaara (LSE:TALV)
Historical Stock Chart
From May 2024 to Jun 2024

Talvivaara (LSE:TALV)
Historical Stock Chart
From Jun 2023 to Jun 2024