26 RELATED PARTY TRANSACTIONS Teleste Group has related party relationships with its Board members and CEO. Companies owned by the Group and parent company
Group holding, %
Group voting, %
Cableway AG, Bergisch Gladbach, Germany
100
100
Cableway Cyber Optic GmbH & Co. KG, Bergisch Gladbach, Germany
100
100
MKS Management GmbH, Bergisch Gladbach, Germany
100
100
Cableway Service Nord GmbH & Co. KG, Bergisch Gladbach, Germany
100
100
Cableway Nord GmbH, Bergisch Gladbach, Germany
100
100
Cableway Süd GmbH, Munchen, Germany
100
100
DINH TeleCom S.A., Herstal, Belgium
100
100
Flomatik A/S, Porsgrun, Norway
100
100
Flomatik Network Services Ltd, Fareham, UK
100
100
Kaavisio Oy, Turku, Finland
100
100
Promacom AB, Stockholm, Sweden
100
100
Satlan S.p.z.o.o., Wroclaw, Poland
100
100
Suomen Turvakamera Oy, Espoo, Finland
100
100
Teleste Belgium SPRL, Bryssel, Belgium
100
100
Teleste d.o.o.,Ljutomer, Slovenia
100
100
Teleste Electronics (SIP) Co., Ltd, Shuzhou, China
100
100
Teleste France SAS, Paris, France
100
100
Teleste GmbH, Hildesheim, Germany
100
100
Teleste India Ptv. Mumbai, India
100
100
Teleste LLC, Georgetown Texas, USA
100
100
Teleste Networks Services S.A., Yverdon, Switzerland
100
100
Teleste Services GmbH, Hildesheim, Germany
100
100
Teleste Sweden AB, Stockholm, Sweden
100
100
Teleste UK Ltd, Cambridge, UK
100
100
Teleste Video Networks Sp zoo, Krakov, Poland
100
100
2012
2011
496
391
Parent company Teleste Oyj, Turku, Finland
The key management personnel compensations 1,000 € CEO Salaries and other short-term benefits
During 2012 no options were granted to the management of Teleste (2011: 0 options). The terms of the management share option plans are similar to those of other employees’ share option plans, except for the terms of 2007 options. According to the 2004 and 2007 option terms the recipient has to subscribe Teleste shares to the amount that equals his net annual salary. At 31 December 2012 management had 80,000 (2011: 120,000)
34
Teleste, Enabling Digital Evolution
options, of which 80,000 were exercisable (2011: 80,000). Management of the parent company has 0,38 % or 71,634 of the parent company’s shares (2011: 0,45% or 84,791 shares) CEO holding in the Teleste Management Ltd stands at 34.4% and in Teleste Management II Ltd 31.25%. A voluntary pension fee for CEO amounted 47 thousand euro (59 thousand euro in 2011).