Konecranes Plc: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
Konecranes has on May 25, 2017, received a notification under Chapter 9, Section 5 of the Securities Market Act, according to which the total holding of BlackRock, Inc. in Konecranes Plc’s shares and votes has exceeded 10 percent. On May 24, 2017, Blackrock Inc.’s total holding through shares and financials instruments amounted to 11.13 percent of Konecranes Plc’s shares and votes.
Total positions of BlackRock, Inc.:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (B) | Total of both in % (A+B) | Total number of shares and voting rights of issuer | |
| Resulting situation of the date on which the threshold was crossed of reached | 9.76% | 1.36% | 11.13% | 82,872,342 |
| Position of previous notification | 7.69% | 0.74% | 8.44% |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: shares and voting rights
| Class/type of shares ISIN code | Number of shares and voting rights | Number of shares and voting rights | % 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) | |
| FI0009005870 | 8,096,353 | 9.76% | ||
| SUBTOTAL A | 8,096,353 | 9.76% |
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 |
| Securities Lent | N/A | N/A | Physical | 493,381 | 0.59% |
| CFD | N/A | N/A | Cash | 635,235 | 0.76% |
| SUBTOTAL B | 1,128,616 | 1.36% |
The disclosure obligation arose due to total holding in shares and voting rights for BlackRock, Inc. going above 10 percent.
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| BlackRock Investment Management (UK) Limited | 8.60% | 1.03% | 9.63% |
KONECRANES PLC
Miikka Kinnunen
Vice President, Investor Relations
FURTHER INFORMATION
Mr. Miikka Kinnunen, Vice President, Investor Relations, tel. +358 (0) 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 2016, Group (comparable combined company) sales totaled EUR 3,278 million. The Group has 17,000 employees at 600 locations in 50 countries. Konecranes class A shares are listed on the Nasdaq Helsinki (symbol: KCR).
DISTRIBUTION
Nasdaq Helsinki
Major media
www.konecranes.com