The Board of Directors has resolved that the performance criterion for the discretionary period 2014–2016 is the cumulative Earnings per Share (EPS) of the financial years 2014—2016. The criterion is unchanged from the discretionary period 2013—2015.
The target group of the plan consists of approximately 185 people during the discretionary period 2014—2016. The rewards to be paid on the basis of the discretionary period correspond to the value of an approximate maximum total of 700,000 Konecranes Plc shares. If the target determined by the Board of Directors is attained, the reward payout may be a half of the maximum reward. The maximum reward payout requires that the target is clearly exceeded.
The Board of Directors proposes to the Annual General Meeting of Shareholders to be held on March 27, 2014, that the Board of Directors be authorized to decide on issuance of shares or transfer of own shares needed for the implementation of the performance share plan.
The launch and essential terms and conditions of the performance share plan have been published in a stock exchange releases on March 22, 2012 and January 31, 2013.
KONECRANES PLC
Miikka Kinnunen
Director, Investor Relations
FURTHER INFORMATION
Mr Miikka Kinnunen, Director, 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 and machine tools of all makes. In 2013, Group sales totaled EUR 2,100 million. The Group has 11,800 employees at 600 locations in 48 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).
DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com
