Konecranes Plc's (“Konecranes” or the “Company”) Board of Directors has today resolved to cancel 3,950,436 class A treasury shares held by the Company. The Company had 4,450,436 class A treasury shares before the cancellation and will keep 500,000 class A treasury shares to be used in the current incentive programs of the Company. The cancellation of the treasury shares will be registered with the Finnish Trade Register on or about June 13, 2017. After the cancellation of the treasury shares is registered with the Finnish Trade Register, Konecranes will have 78,921,906 shares in total of which 73,271,906 will be outstanding class A shares, 5,150,000 outstanding class B shares, and 500,000 will be class A treasury shares.
The Board of Directors of the Company have authorizations for the transfer of the remaining class A treasury shares as resolved by the Annual General Meeting of Shareholders of the Company on March 23, 2017.
KONECRANES PLC
Miikka Kinnunen
Vice President, Investor Relations
FURTHER INFORMATION
Miikka Kinnunen, Vice President, Investor Relations, Konecranes Plc, tel. +358 (0)20 427 2050
Konecranes is a world-leading group of Lifting Businesses™, serving a broad range of customers, including manufacturing and process industries, shipyards, ports and terminals. Konecranes provides productivity enhancing lifting solutions as well as services for lifting equipment of all makes. In 2016, Group (comparable combined company) sales totaled EUR 3,278 million. The Group has 17,000 employees at 600 locations in 50 countries. Konecranes class A shares are listed on the Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com
