The Board of Directors of Konecranes Plc has on August 2, 2017 decided on a directed share issue related to the reward payment for the Konecranes Performance Share Plan 2016.
In the share issue, 334,239 Konecranes Plc class A shares held by the company are conveyed without consideration to the key 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 the 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 23, 2017. According to the authorization, a maximum of 1,000,000 shares may be issued as part of the company’s share-based incentive programmes.
The shares will be delivered to the plan participants on August 8, 2017. After the share delivery, the company will hold a total of 165,761 own class A shares.
KONECRANES PLC
Miikka Kinnunen
Vice President, Investor Relations
FURTHER INFORMATION
Mr. Miikka Kinnunen, Vice President, Investor Relations, 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. The Group has 16,800 employees at 600 locations in 50 countries. Konecranes class A shares are listed on the Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Media
www.konecranes.com
