The subscription period for the B series options under Konecranes 2003 option program ended on 31 March, 2008. In total, 800,000 new shares were subscribed under the program, which increased Konecranes' share capital by EUR 275,600. The subscription rights for the 2003B series stock options were fully exercised.
The Konecranes 1999B option program ended on 31 March, 2008, and 416,000 new shares were subscribed under the program, which increased Konecranes share capital by EUR 155,400.
According to the decision made by the Annual General Meeting of Shareholders on 8 March, 2007, new shares subscribed for under Konecranes' option programs and recorded in the Trade Register will no longer increase the share capital, but will be booked entirely to the invested non-restricted equity fund. The Konecranes 1999B option program entitled to subscriptions of 600,000 shares in total. The option rights that were not exercised by the end of the subscription period are no longer valid. The terms and conditions of Konecranes' option programs are available at www.konecranes.com/investor.
Further information can be obtained from
Konecranes Plc
Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040
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 and machine tools of all makes. In 2007, Group sales totaled EUR 1,750 million. The Group has 8,400 employees, at more than 470 locations in 43 countries. Konecranes is listed on the OMX Nordic Exchange Helsinki (symbol: KCR1V).
DISTRIBUTION
OMX Nordic Exchange Helsinki
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