The Board of Directors of Konecranes Plc has on February 15, 2019 decided on a directed share issue related to the reward payment for the Savings Period 2015-2016 of Konecranes Employee Share Savings Plan.
In the share issue, 22,923 Konecranes Plc shares held by the company are conveyed without consideration to the employees participating in the plan in accordance with the terms and conditions of the plan. More detailed information about the launch and the terms and conditions of the plan is available in a Stock Exchange Release published on February 4, 2015.
The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on March 27, 2018. According to the authorization, a maximum of 500,000 shares may be issued as part of the Employee Share Savings Plan.
The shares will be delivered to the plan participants on February 28, 2019. After the share delivery, the company will hold a total of 82,480 own shares.
KONECRANES PLC
Eero Tuulos
Vice President, Investor Relations
FURTHER INFORMATION
Eero Tuulos, Vice President, Investor Relations, Konecranes Plc,
tel. +358 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 2018, Group sales totaled EUR 3,156 million. The Group has 16,100 employees at 600 locations in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).
