KONECRANES PLC STOCK EXCHANGE RELEASE December 18, 2024 at 16:30 EET
Konecranes Restricted Share Unit Plan 2017 – directed share issue
The Board of Directors of Konecranes Plc has decided on a directed share issue related to the reward payment for Konecranes Restricted Share Unit Plan 2017.
In the share issue, 5,151 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 27, 2024. 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, 2025. The Board decided that 50% of the award will be settled in shares and 50% in cash to cover taxes. After the share delivery, Konecranes will hold a total of 7,637 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 16,700 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2023, Group sales totalled EUR 4.0 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com
