Scanfil Releases Decision of Board of Directors on Stock Option Plan


Reading time ( words)

On 18 April 2013, the General Meeting of shareholders of Scanfil Plc decided to authorise the Board of Directors to decide on granting stock options rights to certain key personnel of the company and its subsidiaries. The total number of option rights can be 750,000 and they entitle the key personnel to subscribe for a combined total of 750,000 of the company's new shares or shares in company’s possession.

Based on the authorisation by the General Meeting, the Board of Directors has decided to grant the CEO of Scanfil plc and seven key persons of the Group option rights in all for 250,000 shares.  The option rights shall be marked "2013C". Each option right entitles its holder to subscribe for one (1) of the company's new shares or shares in its possession. The subscription period for option right 2013C is 1 May 2018 – 30 April 2020. The subscription period for the option rights included in the option plan will not begin, unless the production and financial goals and conditions, set separately by the Board of Directors for exercising the option rights, are met. The option rights whose goals are not met will expire as determined by the Board. The subscription price of option right 2013C is EUR 2.91, which is the trading-volume weighted average share price in the NASDAQ OMX Helsinki of the period 1 - 31 March 2015. 

About Scanfil Group

Scanfil Group is an international supplier and system supplier to the telecommunication and electronics industries with extensive experience in demanding contract manufacturing. Our customers include international operators in the automation, energy, data transmission and health technology sectors, and companies operating in fields related to urbanization, among other industries. Scanfil is listed on the Helsinki Stock Exchange. In 2014 the group’s turnover was EUR 215 million and it employed 1.800 people in Finland, China, Estonia, Hungary and Germany. In 2015 Scanfil acquired PartnerTech, a global industrial partner offering customized solutions throughout the product lifecycle, with a turnover of SEK 2.2 billion and some 1,400 employees in Sweden, Norway, Finland, Poland, the UK, the United States and China. The combined company will be a strong player in the international EMS market with a comprehensive global network of factories and an extensive service portfolio.

Share

Print


Suggested Items

Cavity Board SMT Assembly Challenges (Part 2)

07/03/2019 | Dudi Amir and Brett Grossman, Intel Corporation
This article describes the details of a study of assembling SiP BGA packages into a cavity. It points out the challenges involved in the board cavity design and assembly of components in a cavity. The authors discussed the board design challenge of having a cavity and defining the proper depth of the cavity to accommodate the board fabricator, the product design, and the SMT assembly.

3D Optical Inspection Provides ‘Eyes’ for Process Improvements in Industry 4.0

06/21/2019 | Jenny Yuh, Koh Young Technology, and Brent Fischthal, Koh Young America
Automated 3D solder paste inspection (SPI) and 3D automated optical inspection (AOI) systems have become an integral part of the printed circuit board assembly (PCBA) process because they help ensure high-quality production. As today’s board complexity is increasing, inspection technology has become even more critical.

The GraftWorx Fluid Management Patch Story

05/31/2019 | Anthony Flannery, GraftWorx
The GraftWorx vision is to connect patients to clinicians with clinical data that will have a meaningful impact on their care. Its first application is to monitor patients with end-stage renal disease or kidney failure using a wearable device called the SmartPatch that records numerous clinical cardiovascular metrics. This article details how GraftWorx was designed, fabricated, and assembled.



Copyright © 2020 I-Connect007. All rights reserved.