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The Board of Directors of Konecranes Plc has decided the criterion for the measurement period 2023 of the Performance Share Plans 2021 and 2022

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KONECRANES PLC STOCK EXCHANGE RELEASE February 1, 2023 at 8:45 p.m. EET

 

The Board of Directors of Konecranes Plc has decided the criterion for the measurement period 2023 of the Performance Share Plans 2021 and 2022

 

The Board of Directors of Konecranes Plc has decided adjusted earnings per Share (EPS) as the criterion for 2023, which is the third measurement period of the Performance Share Plan 2021 and the second measurement period of the Performance Share Plan 2022. Adjustments to the EPS include defined restructuring costs, mergers and acquisitions related transaction costs and other unusual items. The targets for the measurement period 2023 were also decided by the Board of Directors.

 

The three-year long performance periods of both Performance Share Plans 2021 and 2022 include three separate one-year-long measurement periods and separate targets for each year with equal weighting. Payments of potential rewards will only take place after the three-year-long performance period if the Plan terms and conditions are met. The launch and essential terms and conditions of the Plan 2021 are available in a stock exchange release published on February 3, 2021, and those of the Plan 2022 in a stock exchange release published on March 30, 2022.

 

 

KONECRANES PLC

Kiira Fröberg

Vice President, Investor Relations

 

FURTHER INFORMATION

Kiira Fröberg,

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 2021, Group sales totaled EUR 3.2 billion. The Group has around 16,500 employees in approximately 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).

 

 

DISTRIBUTION

Nasdaq Helsinki

Major media

www.konecranes.com

 

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