SHARE SUBSCRIPTION PRICE WITH KONECRANES STOCK OPTIONS 2009 A AND MARKET VALUE OF THE OPTION SERIE 2009 A
KONECRANES PLC STOCK EXCHANGE RELEASE May 4, 2009 at 5.45 p.m. EET
SHARE SUBSCRIPTION PRICE WITH KONECRANES STOCK OPTIONS 2009 A AND MARKET VALUE
OF THE OPTION SERIE 2009 A
The share subscription price for Konecranes stock option 2009 A is EUR
14.55/share (the trade volume weighted average quotation of the share on the
NASDAQ OMX Helsinki Ltd. during 1 April - 30 April 2009).
A total of 750,000 new shares or existing shares held by the Company can be
subscribed for with stock options 2009 A. The share subscription period for
stock options 2009 A will be 1 April 2012 - 30 April 2014.
The theoretical market value of stock options in Stock Option Plan 2009 A is EUR
5.13/stock option. The theoretical market value of the entire stock option serie
is thus EUR 3,847,500. The theoretical market value of one stock option has been
calculated through the use of Black &Scholes stock option pricing model with the
following input factors: share price EUR 15.55, share subscription price EUR
14.55, risk free interest rate 2.93 %, validity of stock options 5 years and
volatility 28 %.
The terms and conditions of the Stock Option Plan 2009 are available on the
Company's internet pages www.konecranes.com
Konecranes announced the Stock Option Plan 2009 on 12 March 2009.
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
Media
www.konecranes.com