KONECRANES PLC STOCK EXCHANGE RELEASE February 26, 2020 at 09.00 EET
Konecranes Employee Share Savings Plan 2016-2017 – directed share issue
The Board of Directors of Konecranes Plc has on February 25, 2020 decided on a directed share issue related to the reward payment for the Savings Period 2016-2017 of Konecranes Employee Share Savings Plan.
In the share issue, 10,874 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 June 15, 2016.
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 28, 2019. 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 27, 2020. After the share delivery, the company will hold a total of 369,106 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 2019, Group sales totaled EUR 3.33 billion. Including MHE-Demag, the Group has around 18,000 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com
