KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
KONE Corporation, stock exchange release, November 12, 2024 at 5:00 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 November 12, 2024, 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 fell below the threshold of five (5) per cent of the share capital of KONE Corporation on November 11, 2024.
Total position of BlackRock, Inc. and its funds subject to the notification:
| % of shares and voting rights (total of 7.A) |
% of shares and voting rights through financial instruments (total of 7.B) |
Total of both in % (7.A + 7.B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which 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 |
529,395,860 shares 121,527,427 voting rights |
| Position of previous notification (if applicable) |
4.86% shares Below 5% voting rights |
0.16% shares Below 5% voting rights |
5.02% 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 ISIN code |
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 |
Below 5% shares Below 5% voting rights |
Below 5% share 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 |
| American Depositary Receipt (US50048H1014) | 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 |
| SUBTOTAL B |
Below 5% shares Below 5% voting rights |
Below 5% shares Below 5% voting rights |
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations, tel. +358 204 75 0031
Sender:
KONE Corporation
Ilkka Hara
CFO
About KONE
At KONE, our purpose is to shape the future of cities. As a global leader in the elevator and escalator industry, we move two billion people every day, making their journeys safe, convenient, and reliable with smart and sustainable People Flow®. In 2023, KONE had annual sales of EUR 11.0 billion, and at the end of the year over 60,000 employees in more than 60 countries. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.
www.kone.com