KONECRANES PLC STOCK EXCHANGE RELEASE May 2, 2011 at 18.00
The share subscription price for Konecranes stock option 2009 C is EUR 31.37/share (the trade volume weighted average quotation of the share on the NASDAQ OMX Helsinki during 1 April – 30 April 2011).
A total of 750,000 new shares or existing shares held by the Company can be subscribed for with stock options 2009 C. The share subscription period for stock options 2009 C will be 1 April 2014 - 30 April 2016.
The theoretical market value of stock options in Stock Option Plan 2009 C is EUR 8,17/stock option. The theoretical market value of the entire stock option series 2009 C is thus EUR 6,129,206. 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 32.30, share subscription price EUR 31.37, risk free interest rate 2.82 %, validity of stock options 5 years and volatility 20 %.
The terms and conditions of the Stock Option Plan 2009 are available on the Company's internet pages www.konecranes.com > Investors > Share information > Stock option plans.
Konecranes announced the Stock Option Plan 2009 on 12 March 2009.
KONECRANES PLC
Miikka Kinnunen
Director, Investor Relations
FURTHER INFORMATION
Konecranes Plc
Miikka Kinnunen, Director, Investor Relations, tel. +358 (0)20 427 2050
DISTRIBUTION
NASDAQ OMX Helsinki
Media
www.konecranes.com
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 2010, Group sales totaled EUR 1,546 million. The Group has 10,000 employees at 578 locations in 46 countries. Konecranes is listed on the NASDAQ OMX Helsinki (symbol: KCR1V).
