INCREASE IN KONECRANES' NUMBER OF SHARES
KONECRANES PLC STOCK EXCHANGE RELEASE NOVEMBER 14, 2008 9.00 A.M.
INCREASE IN KONECRANES' NUMBER OF SHARES
The 45,884 new Konecranes shares subscribed for with stock options under
Konecranes 1997 stock option plan have been recorded in the Trade Register on
November 14, 2008. Following these subscriptions the number of Konecranes Plc's
shares will increase to 61,516,320 shares. The subscription price, EUR
299 048.97 will be booked in its entirety to the paid in capital. The new shares
will carry shareholders' rights from the date of registration. Konecranes will
apply for their listing on the NASDAQ OMX Helsinki Ltd with the company's
existing shares. Trading in the new shares will start on or about November 17,
2008.
Subscription period for the 1997 stock option plan ended
The subscription period for the options under Konecranes 1997 stock option plan
ended on October 31, 2008. The 1997 stock option plan entitled to subscriptions
of 1,200,000 shares in total. The subscription price was EUR 6.5175 per share,
and a total of 947,200 new shares were subscribed under the program. Following
the subscriptions made before March 8, 2007 Konecranes' share capital increased
by EUR 389,200. According to the decision made by the Annual General Meeting of
Shareholders on 8 March, 2007, new shares subscribed for under Konecranes'
option programs and recorded in the Trade Register will no longer increase the
share capital, but will be booked entirely to the paid in capital. The option
rights that were not exercised by the end of the subscription period are no
longer valid.
Ongoing stock option plans
Stock options distributed by Konecranes Plc's three ongoing stock option plans
entitle to subscriptions of 2,464,200 shares in total. The terms and conditions
of all Konecranes stock option plans are available on the Investor Relations
website at www.konecranes.com/investor.
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 2007, Group sales totaled EUR 1,750 million. The Group has 9,600
employees, at more than 470 locations in 43 countries. Konecranes is listed on
the NASDAQ OMX Helsinki Ltd (symbol: KCR1V).
KONECRANES PLC
Sanna Päiväniemi
IR Manager
FURTEHR INFORMATION
Konecranes Plc
Teo Ottola, Chief Financial Officer, tel. +358 20 427 2040
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Media
www.konecranes.com