AndhraNews.net
Home » Business News » 2014 » January » January 8, 2014

New Treasury Shares of Biotie Therapies Corp registered with the Trade Register


January 8, 2014 - London

BIOTIE THERAPIES CORP. STOCK EXCHANGE RELEASE  8 January 2014, at 10.30 am

New Treasury Shares of Biotie Therapies Corp registered with the Trade Register

The new shares issued in accordance with the resolution passed by the Board of Directors of Biotie Therapies Corp. ("Company") on 2 January 2014 have been registered with the Trade Register today on 8 January 2014. A total of 3,321,660 new shares ("Treasury Shares") were issued to the Company itself without consideration for the purposes of being conveyed to employees entitled to them pursuant to the terms and conditions of the Stock Option Plan 2011 and the Equity Incentive Plan 2011 ("Plans").

The Treasury Shares will be entered into the book-entry system maintained by Euroclear Finland Ltd. The registered new shares can be traded together with the Company's current series of shares on the stock exchange list of NASDAQ OMX Helsinki Ltd on 9 January 2014.

Biotie has 456,032,398 shares in total of which 446,213,948 are outstanding shares. Should all the Treasury Shares issued be conveyed to employees pursuant to the Plans, then this will represent a 0.74 per cent of the current outstanding shares. The total number of the Company's shares after the share issue held by the Company or its fully owned subsidiary is 9,818,450 shares (2.15 per cent).

In Turku, 8 January 2014

Biotie Therapies Corp.

Timo Veromaa, President and CEO

For further information, please contact:

Virve Nurmi, Biotie Therapies Corp.
tel. +358 2 274 8900, e-mail: virve.nurmi@biotie.com

www.biotie.com

Distribution:
NASDAQ OMX Helsinki Ltd
Main Media




This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Biotie Therapies Oyj via Globenewswire

HUG#1753356

GlobeNewswire

Comment on this story

Share