KONE Oyj : KONE Corporation applies for listing of its 2010 stock options
KONE Corporation, stock exchange release, March 14, 2013 at 9:30 a.m. EET
KONE Corporation will apply for the listing of its 2010 stock options on the
NASDAQ OMX Helsinki Ltd so that the listing begins as of April 2, 2013.
The total number of the 2010 stock options is 3,000,000. Each option right
entitles its holder to subscribe for one (1) class B share. In total, the
2010 stock options entitle to subscribe for 3,000,000 class B shares of KONE
Corporation, at maximum. KONE Corporation's subsidiary, KONE Capital Oy, has
896,000 stock options in its possession. KONE Corporation's Board of Directors
has resolved, in accordance with the terms and conditions of the stock options
that the stock option holders will be offered new class B shares in the
The current subscription price for 2010 stock options is EUR 29.45 per share.
The subscription price of the shares subscribed for by the stock options has
been reduced in accordance with the terms and conditions by the amount of
dividends declared before the share subscription at the record date for each
KONE Corporation's Board of Directors has noted that the criteria of the 2010
stock options plan have been met and resolved that the share subscription
period will begin on April 1, 2013 in accordance with the terms and
conditions. The stock options may be freely transferred as of that date. The
subscription period will end on April 30, 2015. The place of subscription will
be Evli Bank Plc.
The reasons to grant the 2010 stock options and the original terms and
conditions have been published by a stock exchange release on July 20, 2010.
The updated, full version of the terms and conditions of the 2010 stock
options is available on the company's website at www.kone.com.
The share subscription timetable with the option rights 2010 in 2013 is as
Subscriptions/Payments on or before Estimated Trade Register day
April 18, 2013 May 8, 2013
July 15, 2013 August 9, 2013
October 17, 2013 November 6, 2013
December 16, 2013 December 31, 2013
The Board will not handle share subscriptions between the end of the financial
year 2013 and the subsequent Annual General Meeting.
For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 204 75 4226
Secretary to the Board
Executive Vice President
Marketing and Communications
KONE is one of the global leaders in the elevator and escalator industry. The
company has been committed to understanding the needs of its customers for the
past century, providing industry-leading elevators, escalators and automatic
building doors as well as innovative solutions for modernization and
maintenance. The company's objective is to offer the best People Flow(TM)
experience by developing and delivering solutions that enable people to move
smoothly, safely, comfortably and without waiting in buildings in an
increasingly urbanizing environment. In 2012, KONE had annual net sales of EUR
6.3 billion and approximately 40,000 employees. KONE class B shares are listed
on the NASDAQ OMX Helsinki Ltd in Finland.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: KONE Oyj via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.