KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
KONE Corporation, stock exchange release, March 18, 2016 at 10.00 a.m. EET
KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
KONE Corporation has received an announcement from BlackRock, Inc. on March 17, 2016, in accordance with the Finnish Securities Market Act Chapter 9, Section 10.
According to the announcement, the total number of KONE Corporation shares owned by BlackRock, Inc. and its funds decreased below five (5) per cent of the share capital of KONE Corporation on March 16, 2016.
Total position of BlackRock, Inc. and its funds subject to the notification:
| % of shares and voting rights | % of shares and voting rights through financial instruments | % of total | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which the threshold was crossed or reached | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights | 525,406,314 shares 121,128,472 voting rights |
| Position of previous notification (if applicable) | 4.31% shares Below 5% voting rights | 0.85% shares Below 5% voting rights | 5.17% shares Below 5% voting rights |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: shares and voting rights
| Class / type of shares | Number of shares and voting rights | % of shares and voting rights | ||
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI009013403 | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights | ||
| SUBTOTAL A | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights | ||
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument | Expiration date | Exercise / Conversion Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Depositary receipt | N/A | N/A | Physical | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights |
| Securities Lent | N/A | N/A | Physical | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights |
| CFD | N/A | N/A | Cash | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights |
| SUBTOTAL B | Below 5% shares Below 5% voting rights | Below 5% shares Below 5% voting rights |
For further information, please contact:
Katri Saarenheimo, Director, Investor Relations, tel. +358 (0)204 75 4705
Sender:
KONE Corporation
Jukka Ala-Mello
Secretary to the Board
Eriikka Söderström
CFO
About KONE
KONE is one of the global leaders in the elevator and escalator industry. KONE's objective is to offer the best People Flow® experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides industry-leading elevators, escalators, automatic building doors and integrated solutions to enhance the People Flow in and between buildings. KONE's services cover the entire lifetime of a building, from the design phase to maintenance, repairs and modernization solutions. In 2015, KONE had annual net sales of EUR 8.6 billion, and at the end of the year close to 50,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com