KONECRANES PLC STOCK EXCHANGE RELEASE FEBRUARY 22, 2023 9:00 AM EET
Konecranes Employee Share Savings Plan 2019 – directed share issue
The Board of Directors of Konecranes Plc has on February 22, 2023 decided on a directed share issue related to the delivery of matching shares for the savings period 2019-2020 of the Konecranes Employee Share Savings Plan.
In the share issue, 35,651 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 18, 2019.
The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting held on June 15, 2022. According to the authorization, a maximum of 500,000 shares may be issued without payment as part of the Employee Share Savings Plan.
The shares will be delivered to the plan participants on February 28, 2023. After the share delivery, the company will hold a total of 19,656 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 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 2022, Group sales totaled EUR 3.4 billion. The Group has approximately 16,500 employees in around 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com
