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Changes in the Composition of the Konecranes’ Shareholders’ Nomination Board

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KONECRANES PLC STOCK EXCHANGE RELEASE June 7, 2023 at 22:15 EEST

 

Changes in the Composition of the Konecranes’ Shareholders’ Nomination Board

 

Konecranes has a Shareholders' Nomination Board which prepares proposals to the Annual General Meeting, and, if necessary, to an Extraordinary General Meeting, for the election and remuneration of the members of the Board of Directors and to identify potential Board member candidates.

 

The Shareholders' Nomination Board is comprised of one member appointed by each of the four largest shareholders of Konecranes Plc. The shareholders entitled to appoint a member are determined on the basis of the shareholders' register of the Company maintained by Euroclear Finland Ltd. on August 31 each year.

 

According to the Charter of the Shareholders’ Nomination Board, the member appointed by a shareholder shall resign from the Nomination Board if the shareholder concerned later transfers more than half of the shares held on August 31 and as a result thereof is no longer amongst Konecranes’ ten largest shareholders. Following HC Holding Oy Ab sold its Konecranes shares, Peter Therman, the member appointed by HC Holding Oy Ab, has resigned from Konecranes Shareholders’ Nomination Board.

 

In addition, according to the Charter of the Shareholders’ Nomination Board, the right to appoint a member to replace the resigned member shall be offered to the shareholder who, immediately after the settlement of the relevant share transfer, is the largest holder of shares who has not yet appointed a member to the Nomination Board. Accordingly, Varma Mutual Pension Insurance Company has with its 2,085,293 shares appointed Markus Aho, Chief Investment Officer of Varma, as a member of the Konecranes’ Shareholders’ Nomination Board.

 

From June 7, 2023, onwards the Konecranes’ Shareholders Nomination Board consists of the following members:

 

  • Reima Rytsölä, CEO of Solidium, appointed by Solidium Oy,
  • Stig Gustavson, appointed by Stig Gustavson,
  • Markus Aho, Chief Investment Officer of Varma, appointed by Varma Mutual Pension Insurance Company, and
  • Mikko Mursula, Deputy CEO, Investments of Ilmarinen, appointed by Ilmarinen Mutual Pension Insurance Company.

 

Christoph Vitzthum, the Chairman of the Board of Directors of Konecranes, serves as an expert in the Nomination Board without being a member.

 

KONECRANES PLC

Kiira Fröberg

Vice President, Investor Relations

 

FURTHER INFORMATION

Kiira Fröberg,

Vice President, Investor Relations,

tel. +358 (0) 20 427 2050

 

Konecranes is a global leader in material handling solutions, serving a broad range of customers across multiple industries. We consistently set the industry benchmark, from everyday improvements to the breakthroughs at moments that matter most, because we know we can always find a safer, more productive and sustainable way. That's why, with around 16,600 professionals in over 50 countries, Konecranes is trusted every day to lift, handle and move what the world needs. In 2022, Group sales totalled EUR 3.4 billion. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).

 

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