KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
KONE Corporation, stock exchange release, January 27, 2020 at 5.30 p.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 January 27, 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5.
According to the announcement, the total number of KONE Corporation shares owned by BlackRock, Inc. and its funds decreased to below five (5) per cent of the share capital of KONE Corporation on January 24, 2020.
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 | 4.87% shares Below 5% voting rights | 0.10% shares Below 5% voting rights | 4.98% shares Below 5% voting rights | 529,395,860 shares 121,527,427 voting rights |
| Position of previous notification (if applicable) | 4.89% shares Below 5% voting rights | 0.12% shares Below 5% voting rights | 5.01% 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) | |
| FI0009013403 | 25,805,710 shares Below 5% voting rights | 4.87% shares Below 5% voting rights | ||
| SUBTOTAL A | 25,805,710 shares Below 5% voting rights | 4.87% 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 | 36,480 Shares Below 5% voting rights | 0.00% shares Below 5% voting rights |
| Securities Lent | N/A | N/A | Physical | 35,270 Shares Below 5% voting rights | 0.00% shares Below 5% voting rights |
| CFDs | N/A | N/A | Cash | 496,070 Shares Below 5% voting rights | 0.09% shares Below 5% voting rights |
| SUBTOTAL B | 567,820 Shares Below 5% voting rights | 0.10% shares Below 5% voting rights |
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations, tel. +358 (0)204 75 4705
Sender:
KONE Corporation
Jukka Ala-Mello
Secretary to the Board
Ilkka Hara
CFO
About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2018, KONE had annual sales of EUR 9.1 billion, and at the end of the year over 57,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com