Ixonos Oyj announced that in order to gain more efficiency in its overall operations the Company reorganizes its operations in China by centralizing software production to Beijing. The Company's service centre in Chengdu will be gradually ramped down by the end of 2011.
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Ixonos Oyj Reorganizes China Operations – Stock Quote News …
(Journey & Leisure Close – Up Via Buy Media NewsEdge) Ixonos’ test laboratory has fulfilled the requirements certain by the Car Connectivity Consortium (CCC) and is conditionally approved as a CCC Authorized Test Laboratory.
According to a relief, Ixonos can help car and electronics manufacturers to accelerate the entry to market of their new MirrorLink-enabled products by assuring that they fulfil the strict criteria set by the CCC. For manufacturers interested in utilizing the momentum of the new MirrorLink technology, Ixonos functions as an enabler, delivering significant reductions in time to market and R&D costs. To consumers, MirrorLink conformance guarantees seamless compatibility of their select phone and car model with one another.
Ixonos’ experts have been working with MirrorLink technology for the past 2 years already, rising solutions for seamless connectivity linking smart phones and in-vehicle infotainment systems. A limb of the Car Connectivity Consortium since last June, Ixonos has become an integral contributor to the development of sophisticated in-vehicle connectivity solutions.
“Being heavily involved in the consortium and in MirrorLink development as well as having state-of-the-art test laboratory facilities and competence for thorough SW, HW and mechanics testing means the CCC certification was a logical step for us,” said Damien De Maya, Manager, Customer Operations, Automotive & Home, from Ixonos.
Ixonos’ role as a MirrorLink Authorized Test Laboratory (ATL) means it can officially test and certify that car and phone manufacturers’ products meet the requirements certain by the CCC. The clientele for MirrorLink conformance and IOP testing comprises the additional Car Connectivity Consortium members.
Currently, only two laboratories in the world have MirrorLink ATL status, and of persons two, Ixonos is the only one offering software development services for smart phones and head units. At the moment, Ixonos is also the only MirrorLink test laboratory in Europe, while also working towards getting comprehensive accreditation for a network of test laboratories by joining forces with testing and type approval partner Nemko.
“Our MirrorLink product offering includes MirrorLink server & client software, software development and verification services, and all-encompassing user experience design. Device manufacturers crosswise the world and crosswise industries are showing increasing interest towards our MirrorLink offering and the first MirrorLink-certified customer products will be shipping early next year,” said Antti Aumo, head of Comprehensive Marketing at Ixonos.
More information: www.ixonos.com ((Comments on this tale may be sent to newsdesk@closeupmedia.com)) (c) 2011 ProQuest Information and Learning Company; All Rights Reserved.
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Ixonos' Test Laboratory Garners Certification as the First Authorized …
(PRWEB) December 01, 2011
Comprehensive Intelligence Alliance (GIA) announces two new Finnish clients for its Intelligence Desk® service, a customized market monitoring solution that boosts awareness and allotment of insights in organizations.
The new Intelligence Desk clients are Patria, a trusted provider of defense, security and aviation life-cycle support services and technology solutions, and Ixonos, a company making wireless technologies, software and solutions for mobile devices and services enhancing the competitiveness of customers by enabling stuck-up user experience and quicker time-to-market.
GIA analysts will monitor Patria Group's complex market environment on a day after day basis, providing hand-picked news with a tailored delivery to all users. For Ixonos, GIA provides 24/7 monitoring services customized for the company's key choice makers in management, marketing, sales, and R&D functions. In both companies the Intelligence Desk service by GIA is complemented by the companies' internal analysts providing their own information to the customized online platform of each company.
"A successful Market Intelligence function is built upon continuous, systematic and automatized monitoring of the business environment, with outsourced professional intelligence assets and services rounding out the wrap. Powerful tools and processes lay a foundation for clever management and use of market and competitive information", says Ilona Kauppinen, Market Intelligence Manager, Patria Oyj.
"GIA offers a reliable view to our markets, enhancing our understanding of the actions of our competitors, technology providers and clients. The system is intuitive to use, and it was simple to adopt. The market knowledge of our personnel has improved since we started using the Intelligence Desk service", says Kari Liuska, Senior Vice President, Ixonos Plc.
For additional information, visit the http://www.globalintelligence.com or send an email to media@globalintelligence.com
About Intelligence Desk®
The Intelligence Desk® service ensures an efficient flow of vital market intelligence to end users in each company. Information that is scattered in thousands of sources in multiple markets is composed and processed into an online platform by dedicated GIA analysts watching the business environment of the client company. Intelligence is immediately accessible to each end user as tailored email alerts, alerts to smartphones and tablets, or through the online dashboard. Users are also able to share personal insights with colleagues, bringing the market awareness of the organization to a high level and helping choice makers forecast opportunities and risks quick.
About Comprehensive Intelligence Alliance
Comprehensive Intelligence Alliance (GIA) is a strategic market intelligence and advisory group. GIA was formed in 1995 when a team of market intelligence specialists, management consultants, industry analysts and technology experts came collectively to build a powerful suite of customized solutions ranging from outsourced market monitoring services and software, to strategic analysis and advisory.
Today, we are the preferred partner for organizations seeking to know, compete and grow in international markets. Our industry expertise and coverage of over 100 countries enables our customers to make better informed decisions worldwide.
http://www.globalintelligence.com
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Patria and Ixonos Choose Intelligence Desk Market Monitoring …
Ixonos Plc Stock Exchange Relief 1 December 2011 at 17:30
CANCELLATION OF IXONOS PLC´S SHARE SUBSCRIPTION
The Board of Directors of Ixonos Plc has approved the cancellation of Ixonos Management Invest
Oy’s subscription for 20,490 new Ixonos shares. The Board of Directors of Ixonos Plc had approved
the subscription on 10 February 2011. The shares that had been subscribed for have not been
entered in the Trade Register or publicly traded. The cancellation is due to internal ownership
preparations in Ixonos Management Invest Oy.
Ixonos Management Invest Oy is a company wholly owned by Ixonos Plc’s management. The
purpose of the company is to encourage Ixonos’ management to own Ixonos shares.
IXONOS PLC
Board of Directors
For more information, please contact:
Ixonos Plc, Timo Leinonen, CFO, tel. +358 400 793 073, timo.leinonen@ixonos.com
Distribution:
NASDAQ OMX Helsinki
Main medi
Original post:
Cancellation of Ixonos Plc's share subscription
The NASDAQ-listed ICT services company Ixonos reports that its test laboratory has been conditionally approved by the Car Connectivity Consortium as a CCC Authorised Test Laboratory. Ixonos aims to h…
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Helsinki, Finland, 2011-12-01 16:15 CET (GLOBE NEWSWIRE) — Ixonos Plc Stock Exchange Relief 1 December 2011 at 17:15
IXONOS PLC’S STOCK OPTION PLAN IV; OPTION PLAN’S TERMS AND CONDITIONS
The Board of Directors of Ixonos Plc has chose to issue stock options on 30 November 2011, on the basis of the consent granted by the Annual General Meeting held on 29 March 2011.
The stock options will be offered to about one hundred members of the personnel of Ixonos Plc and its subsidiaries for the purpose of improving commitment and motivation. Neither any Board members of Ixonos Plc nor any members of the top management of the group (shareholders of Ixonos Management Invest Oy) belong to the stock choice plot.
The stock options will be marked as series IV/A, IV/B and IV/C. The aggregate number of stock options is 600,000. The Board of Directors will, in accordance the terms and conditions of the stock options, choose on the allocation of the stock options linking different series and, if necessary, on the conversion of stock options that has not been allocated into another series of stock options.
Each choice entitles its holder to subscribe for one new or treasury share in Ixonos Plc. On 30 November 2011, the shares that can be subscribed for with options comprise 3.82 per cent of all Ixonos Plc shares and votes on a fully diluted basis.
The share subscription period with IV/A stock options starts on 1 October 2014, with IV/B stock options on 1 October 2015 and with IV/C stock options on 1 October 2016. The share subscription period ends with all stock options on 31 December 2018. The share subscription price for each series is the volume weighted average price of the company’s share on the Helsinki Exchanges during the period 1 September to 30 November 2011 for IV/A, 1 June to 31 August 2012 for IV/B and 1 June to 31 August 2013 for IV/C. The subscription price may be decreased with e.g. the amount of dividends paid and may also otherwise be theme to change in accordance with the terms and conditions of the stock options.
The entire terms and conditions of the stock options have been appended hereto and can also be accessed through Ixonos Plc’s website at www.ixonos.com. Additional information on the company’s additional incentive programs can be found also at the website.
APPENDIX
IXONOS PLC’S STOCK OPTION PLAN IV
I TERMS AND CONDITIONS OF STOCK OPTIONS
1. Number of stock options
The number of stock options issued will be 600,000, entitling to subscribe 600,000 shares in Ixonos Plc (hereinafter also the “Company”).
2. Issuing and allocation of stock options
The stock options are to be issued in the Finnish book-entry system. All stock options will initially be issued to a subsidiary of the Company determined by the Board of the Company. Stock options in the account of the Company’s subsidiary are considered part of the Group’s stock choice pool (hereinafter the “Stock Choice Pool”).
The stock choice subscription period is December 1 – December 31, 2011. Approval of subscriptions is theme to the Board’s discretion.
The subsidiary controlling the stock options may not subscribe shares in the Company by virtue of the stock options, and the distribution of the stock options is regarded as remaining under the Company’s sole control and disposal. The Company has the right to transfer any remaining part of the Stock Choice Pool to another subsidiary.
From the Stock Choice Pool, the stock options can be distributed by choice of the Board following the schedule and procedure outlined in section I.4 below. The stock options will be distributed to the managing directors of Ixonos Plc and Group companies, additional officers and key persons as certain by the Board in order to increase their commitment and motivation. These terms and conditions include below a description in detail of the schedule of distribution and the consequent distribution and conversion of the various stock choice series.
A deviation from the pre-emptive rights of the Company’s shareholders in the initial issuing of stock options to the Subsidiary and later in distributing the stock options is proposed because the stock options are intended to form part of the incentive programme for the Ixonos Plc Group. The Board believes that there is a pressing financial reason for the Company to be at variance from the pre-emptive rights of shareholders.
3. Subscription of choice rights and entering into the book-entry system
The stock options will initially be entered in the book-entry account of the subsidiary, from where they will be additional distributed to the recipients as described below.
Recipients will be told in prose by the Company of the issuing of stock options, in a manner to be determined by the Board. The stock options will be granted free of charge. Acceptance of receiving stock options will take place during a period and in a manner designated by the Board. Following this, the Company undertakes to transfer the stock options issued as book-entries to the book-entry account specified by the recipient on a date no later than the beginning of the share subscription period given in section II.2 after the acceptance of the recipient has been received by the Company. A legend regarding the restriction generated in accordance with section I.5 below shall be recorded in the book-entry account as a restriction concerning all stock options.
4. The schedule of distribution of stock options and determining of terms
The Board will choose on the division of the 600,000 stock options issued into stock choice series and, as necessary, on the conversion of undistributed stock options to another series. Surrounded by the maximum limits of stock options, no more than 600,000 stock options will be designated IV/A, no more than 600,000 will be designated IV/B and no more than 600,000 will be designated IV/C. The Board will choose on the actual number of stock options to be included in each series after the distribution period for that series has finished.
Choice series:
The stock options will be marked with letters and numbers corresponding to the distribution period, the name of the series and the beginning of the relevant share subscription period for each sub-category:
IV/A stock options distribution period December 1 – December 31, 2011
IV/B stock options distribution period September 1 – September 31, 2012
IV/C stock options distribution period September 1 – September 31, 2013
5. Prohibition to transfer and obligation to offer stock options
A stock choice must not be transferred to a third party or pledged without the consent of the Company before its respective vesting date in accordance with section II.2. The Board grants such consent. The stock options are freely transferable after their respective vesting date.
Should the employment or the association with the Ixonos Plc Group of a stock choice holder terminate for a reason additional than retirement or death before the respective Vesting Date in accordance with section II.2, the person in question must without delay offer the Company or a subsidiary indicated by it the right to buy free of charge such stock options in respect of which the subscription period had not started by the date of termination of the employment in accordance with section II.2. The Board may grant an exception for a special reason in connection with corporate acquisition.
Stock options that have reverted to the Company or the Subsidiary can, by a choice of the Board, be converted into an choice series whose distribution period has not yet begun and subsequently be redistributed as per section II.4.
In order to ensure compliance with the above, the Company shall be entitled, irrespective of whether or not the stock options have been offered to the Company, to apply for and to have the stock options referred to transferred from the holder’s book-entry account to a book-entry account of the Company or to a third-party account designated by the Company. The Company also has the right to have this prohibition to transfer registered in the book-entry system.
II TERMS AND CONDITIONS OF SHARE SUBSCRIPTION
1. Right to subscribe new shares
Each stock choice entitles its holder to subscribe one (1) share in Ixonos Plc. The Board of Directors decides prior to the share subscription period whether new or existing shares can be subscribed for. If new shares are issued, EUR 0.04 of the subscription price will be recorded as share capital and the remaining part in the fund for invested unrestricted justice.
2. Subscription price
The subscription price for a share for each stock choice series is the weighted average price of the Company’s shares quoted on the Helsinki Stock Exchange during the following periods:
Choice series Subscription price determination period
IV/A September 1 – November 30, 2011
IV/B June 1 – August 31, 2012
IV/C June 1 – August 31, 2013
The weighted average price shall be established on the basis of trades in the share made on the Helsinki Stock Exchange during said period, calculated by dividing the total monetary value by the number of shares.
The share subscription price may be lowered as set out in section 7. In any event, the share subscription price may not be lower than EUR 0.01.
3. Share subscription period, subscription and payment
The share subscription period for each series and sub-category of stock options starts as follows:
IV/A: Vesting Date October 1, 2014
IV/B: Vesting Date October 1, 2015
IV/C: Vesting Date October 1, 2016
The share subscription period for all stock options will end on December 31, 2018.
Shares can be subscribed at the head office of Ixonos Plc and/or maybe at another place designated later by the Company, according to the instructions and regulations issued by the Company and according to instructions and regulations concerning the book-entry system valid at the time of share subscription. Payment for shares subscribed must be submitted by the subscriber upon subscription. The stock options used for share subscription will be removed from the subscriber’s book-entry account. Subscription is theme to approval by the Board.
4. Registration of shares
The shares subscribed and fully paid will be registered in the Subscriber’s book-entry account once the increase in share capital has been registered in the Trade Register. The Company will approve subscriptions each quarter in the meeting of the Board immediately following the publication of quarterly financial statement and year-end financial statement. The Board will immediately submit the share capital increases pursuant to the approved subscriptions to the Trade Register. Item for public trading for the new shares along with the Company’s existing shares in the same share series will be applied for immediately when the increase in share capital has been registered and when the conditions for trading in the new shares have been fulfilled. Unless the Board decides otherwise, shares subscribed linking the end of the before accounting year and the date of the Annual General Meeting will be joined to the same share series as the Company’s existing shares and item applied for no earlier than on the first bank day after the Annual General Meeting.
5. Shareholder rights
The shares will be eligible for a dividend for the financial year in which the shares have been subscribed. Additional shareholder rights will commence on the date of entry of the increase in share capital in the Trade Register.
6. Share issues, and issues of stock options or additional special rights before share subscription
Should the Company, prior to the share subscription with the stock options, issue shares, stock options or additional special rights entitling to shares the stock choice holder shall have the same or equal rights as a shareholder. The equality will be maintained in a way determined by the Board by amending the number of shares that can be subscribed or the subscription prices, or both.
In the event the new number of shares available per one stock choice being a fraction, the fraction shall be taken into account by sinking the subscription price.
7. Rights of the stock choice holder in certain special circumstances
a) Should the Company, prior to the share subscription with the stock options, reduce its share capital by distributing share capital to its shareholders, the stock-choice holder’s subscription right shall be amended correspondingly in the manner specified in the choice to reduce the share capital.
b) Should the Company, prior to the share subscription with the stock options, convert from a public limited company to a private limited company, the stock choice holder will be given an opportunity to exercise the share subscription right during a period to be determined by the Board after which time the subscription right will expire.
c) Should the Company, before the beginning of the share subscription period, be positioned in insolvency, the stock choice holder will be given an opportunity to exercise the share subscription right during a period determined by the Board before the beginning of insolvency, after which time the subscription right will expire.
d) Should the Company, before the end of the share subscription period, take a choice to buy its own shares in proportion to ownership, the stock choice holder shall have the same or equal rights as a shareholder. The equality is maintained in a way determined by the Board so that the stock choice holder will be given an opportunity to exercise the share subscription right during a period to be determined by the Board and before the acquisition of the Company’s own shares starts. If the Company buys or redeems its own shares or buys stock options or special rights entitling to shares in any additional manner, no measures will need to be taken in relation to the stock options.
e) Should the Company resolve to become merged with another company or to merge with another company so as to form a new company or to be divided, the Company or the company in which the Company is merged with or the new company to be formed in the merger or the division (conditionally) and the board of that company shall be entitled to choose to offer the stock choice holder a right to exchange stock options for corresponding stock options in accordance with the same entitlements as shareholders are offered. Should the exchange of stock options be offered as detailed above, the stock choice holder shall have no right to demand the redemption of stock options as per the Companies Act. In addendum, the Board shall be entitled to determine whether to offer the stock choice holder the opportunity to subscribe shares prior to the merger or division during a period determined by the Board before such merger or division, after which the share subscriptions rights shall be void.
f) Should the Company distribute dividends or the fund for unrestricted justice, the subscription price based of stock options shall be lowered as at the relevant record date by the amount of the distributed dividends or unrestricted justice that has been chose on prior to the share subscription.
g) Should the holding of a shareholder (hereinafter “Redeemer”) before share subscription reach or exceed the triggers set in chapter 18 section 1 of the Companies Act, or in chapter 6 section 10 of the Securities Market Act, generating a buy obligation, the stock choice holder shall offer his stock options to the Redeemer with the same or equal rights as the shareholders, as applicable. Should the Redeemer, in connection with the public offer, choose primarily to offer the stock choice holder new corresponding stock options with similar or related and financially equal or akin terms to the terms of this Stock Choice Plot, the stock options of this Stock Choice Plot shall become void one month from the offer of new stock options made by the Redeemer, provided that the offer starts surrounded by two (2) months of the aforementioned notification. Share subscription may be exercised with persons stock options whose Vesting Date has passed up to the time they become void. Though, the stock options will be void only if an investment bank independent of the party making the offer to exchange or buy Company shares and select by the Board has given a statement affirming the financial reasonability of the new offered terms for the stock choice holder. Should the Redeemer not redeem the stock options or offer new stock options in the aforementioned way surrounded by three (3) months from the entry in the Trade Register of the buy obligation provided for in chapter 18 section 1 of the Companies Act, or from the date when the Board of the Company became attentive of the buy obligation as per chapter 6 section 10 of the Securities Market Act, , the stock choice holder shall immediately gain the right to subscribe shares with all his stock options with a period of one month, in any case of whether the share subscription period for persons stock options has begun. Following this one-month period the subscription right shall expire.
h) Should the public item and trading of the shares of Ixonos Plc stop on the Helsinki Stock Exchange, the stock choice holder will be given an opportunity to exercise the share subscription right before the de-item of the Company’s shares during a period to be determined by the Board. After the de-item, the subscription right will be void.
i) Should the stock choice holder gain the right to exercise his share subscription right under clause b), c), e), g) or h) above in a situation where it is not yet possible to determine the share subscription price, the subscription rights vested in the stock options shall be void.
8. Governing law and dispute resolution
These terms and conditions of Ixonos Plc Stock Choice Plot IV are governed by the laws of Finland.
Disputes arising in relation to these stock options will be finally matured by negotiation in accordance with the Rules of the Negotiation Institute of the Finland Chamber of Commercewith the use of one arbitrator.
9. Additional matters
The Board shall resolve any additional matters related to the stock options and share subscription. The Board may make amendments to these terms, provided that they do not substantially alter the terms. Any financial subsidy associated with the stock options under this Stock Choice Plot will not be pensionable.
If the stock choice holder breaches these terms, stipulations of the Company related thereto and/or law and official regulations, the Company has the right to redeem free of charge all stock options held by the stock choice holder which have not at the time of the breach been transferred or used for share subscription. Though, the stock choice holder resigning from the use of the Company or the Group shall not constitute such a breach.
In the event of a conflict linking the Finnish and English versions of these terms of Stock Choice Plot IV, the Finnish version shall prevail. In the case of ambiguities, the Company interpretation of these terms will be decisive.
Any notifications related to this Stock Choice Plot IV may be sent by the Company to the stock choice holder by post or e-mail. If the stock options have been separately listed on a stock exchange, the Company may submit notifications by means of a stock exchange bulletin.
The documentation for the stock options may be viewed at the Company’s head office in Helsinki.
IXONOS PLC
Kari Happonen
President and CEO
For more information, please contact:
Ixonos Plc, Timo Leinonen, CFO, tel. +358 400 793 073, timo.leinonen@ixonos.com
Distribution:
NASDAQ OMX Helsinki
Main media
See more here:
Ixonos Plc's stock choice plot IV; choice plot's terms and conditions
November 30, 2011
Helsinki, Finland, 2011-11-30 07:05 CET (GLOBE NEWSWIRE) — Ixonos Plc Stock Exchange Relief 30 November 2011 at 08.05
IXONOS’ CHINA OPERATIONS REORGANIZED
Throughout 2011 Ixonos has made various efforts crosswise the organization to adjust its cost structure to decreased business volume as well as to improve its ability to maintain the best possible profitability in the changing comprehensive operating environment.
To gain more efficiency in its overall operations Ixonos reorganises its operations in China by centralizing software production to Beijing. The company’s service centre in Chengdu will be gradually ramped down by the end of 2011.
Ixonos established its first Chinese software production and testing service centre in Beijing in the end of 2008 and expanded operations to Chengdu in 2009. In 2011 the company intensified efforts to secure new customers globally. To support these efforts, Ixonos extended its Device Creation Centre’s operations to Beijing in March and opened up a User Experience Design Studio there in August.
Ixonos has reorganised its comprehensive service offering to consist of Connected Devices software and hardware development solutions; multi-channel, cloud-based Online Solutions for e-business, e-government and digital content delivery; and comprehensive User Experience Design services for applications, services and devices.
IXONOS PLC
Kari Happonen
President and CEO
For more information, please contact:
Distribution:
NASDAQ OMX Helsinki
Main media
Read more:
Ixonos' China operations reorganized
