The Board of Directors of Konecranes Plc has on December 17, 2019 decided on a directed share issue related to the reward payment for the Vesting Period 2018-2019 of Konecranes Restricted Share Unit Plan 2017.
In the share issue, 2,500 Konecranes Plc shares held by the company are conveyed without consideration to the key employees participating in the plan in accordance with the terms and conditions of the plan. More detailed information about the launch and the terms and conditions of the plan is available in the stock exchange release published on June 16, 2017.
The decision on the directed share issue is based on the authorization granted to the Board of Directors by the Annual General Meeting of Shareholders held on March 28, 2019. According to the authorization, a maximum of 1,350,000 shares may be issued as part of the company’s share-based incentive programmes.
The shares will be delivered to the plan participants on January 2, 2020. After the share delivery, the company will hold a total of 79,980 own shares.
Vice President, Investor Relations
Eero Tuulos, Vice President, Investor Relations, tel. +358 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 2018, Group sales totaled EUR 3.16 billion. The Group has 16,200 employees in 50 countries. Konecranes shares are listed on the Nasdaq Helsinki (symbol: KCR).