KONECRANES PLC'S SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS; STOCK OPTION PLAN 2003 ENDED
KONECRANES PLC STOCK EXCHANGE RELEASE May 6, 2009 at 9.45 a.m. EET
KONECRANES PLC'S SHARE SUBSCRIPTIONS BASED ON STOCK OPTIONS; STOCK OPTION PLAN 2003 ENDED A total of 72,000 of Konecranes Plc's new shares were subscribed for under the company's stock option plans as follows: -------------------------------------------------------------------------------- | Stock option right | Shares | Subscription price | | | | (EUR/share) | -------------------------------------------------------------------------------- | 2003C-series | 72,000 | 6.25 | -------------------------------------------------------------------------------- The full subscription price of EUR 450,000 will be entered in the paid-in capital. Following the related subscriptions, the number of Konecranes Plc shares will increase to 61,811,320. This number includes the shares held by the company. The shares subscribed for under the stock options were registered in the Trade Register on May 6, 2009 on the basis of which the new shares will establish shareholder rights. Konecranes will apply for their listing, together with its existing shares, on the Main List of the NASDAQ OMX Helsinki. Trading in the new shares will begin on or around May 7, 2009. The subscription period for C series stock options under the 2003 stock option plan ended on March 31, 2009. The C series stock options entitled to subscriptions of a total of 800,000 shares. The subscription price was EUR 6,25 per share, and a total of 792,000 new shares were subscribed for under the plan. The full subscription price 4,950,000 has been entered in the paid-in capital. The option rights that were not exercised by the end of the subscription period are no longer valid. The stock option plan 2003 ended A total of 2,392,000 new shares were subscribed under the series A, B and C of the program. Following the subscriptions made before March 8, 2007 Konecranes' share capital increased by EUR 675,600 and EUR 6,215,636 was booked into the share premium account. 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. Stock options issued under Konecranes Plc's ongoing stock option plans entitle their holders to subscribe for a total of 2,131,500 shares. The terms and conditions of all of the company's stock option plans are available 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 2008, Group sales totaled EUR 2,103 million. The Group has 9,900 employees, in 485 locations in 43 countries. Konecranes is listed on NASDAQ OMX Helsinki Ltd (symbol: KCR1V). KONECRANES PLC Sanna Päiväniemi IR Manager FURTHER INFORMATION Teo Ottola, Chief Financial Officer, Konecranes Plc, tel. +358 20 427 2040 DISTRIBUTION NASDAQ OMX Helsinki Ltd Major media www.konecranes.com