KONECRANES PLC STOCK EXCHANGE RELEASE December 15, 2023 at 12:15 pm EET
Konecranes Restricted Share Unit Plan 2017 – directed share issue
The Board of Directors of Konecranes Plc has on December 15, 2023 decided on a directed share issue related to the reward payment for Konecranes Restricted Share Unit Plan 2017.
In the share issue, 6,868 Konecranes Plc shares held by the Company are conveyed without consideration to the key employee 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 16, 2017.
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 29, 2023. According to the authorization, a maximum of 1,350,000 shares may be issued as part of the company’s share-based incentive programmes.
The shares will be delivered to the plan participant, Konecranes’ President and CEO Anders Svensson, on January 2, 2024. The Board has decided that the award will be fully settled in shares. As there is no cash reward element included, Anders Svensson will pay taxes on the full award himself. After the share delivery, Konecranes will hold a total of 12,788 own shares.
KONECRANES PLC
Kiira Fröberg
Vice President, Investor Relations
FURTHER INFORMATION
Kiira Fröberg
Vice President, Investor Relations
tel. +358 (0) 20 427 2050
Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,500 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2022, Group sales totalled EUR 3.4 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).
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www.konecranes.com
