Konecranes' share issue to the company itself without consideration

Konecranes' share issue to the company itself without consideration

KONECRANES PLC STOCK EXCHANGE RELEASE February 7, 2020 at 09:00 EET

Konecranes' share issue to the company itself without consideration

The Board of Directors of Konecranes Plc has on February 7, 2020, pursuant to the share issue authorization granted to it by the Annual General Meeting held on March 28, 2019, resolved on an issue of 300,000 new shares in the company to the company itself without consideration. The new shares to be issued are of the same class as the existing shares in the company. The total number of the company’s shares after the share issue is 79,221,906 shares, of which 379,980 shares in total are held by the company.

The new shares to be issued to the company will be used for reward payments under the company’s incentive programs.

The new shares will be registered with the Finnish Trade Register on or about February 25, 2020 after which the company will without delay apply for the admission of the new shares to public trading alongside the company's existing shares on the official list of Nasdaq Helsinki Ltd.
 

KONECRANES PLC
Eero Tuulos
Vice President, Investor Relations

FURTHER INFORMATION
Eero Tuulos, Vice President, Investor Relations, tel. +358 20 427 2050

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 of all makes. In 2019, Group sales totaled EUR 3.33 billion. Including MHE-Demag, the Group has around 18,000 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).


DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com