KONE Corporation's Annual General Meeting held on February 23, 2009 authorized the Board of Directors to repurchase and redistribute the company's own shares. On the basis of this authorization, KONE Corporation's Board of Directors has decided to commence the possible repurchasing of shares at the earliest on March 3, 2009. The repurchasing of shares can continue until otherwise announced.
The shares may be repurchased in order to develop the capital structure of the Company, finance or carry out possible acquisitions, implement the Company's share-based incentive plans, or to be transferred for other purposes or be cancelled. Altogether no more than 25,570,000 shares may be repurchased, of which no more than 3,810,000 are to be class A shares and 21,760,000 class B shares, taking into consideration the provisions of the Companies Act regarding the maximum amount of own shares that the Company is allowed to possess. The KONE Group currently has 4,905,506 class B shares in its possession.
The minimum and maximum consideration for the shares to be purchased is determined for both class A and class B shares on the basis of the trading price for class B shares determined on the NASDAQ OMX Helsinki Ltd on the time of purchase.
The table is updated weekly. Real-time information about the purchases can be found in the homepage of the NASDAQ OMX Helsinki Ltd.
Shares owned by the corporation 2009
|
|
|
|
| Date |
Purchased amount of shares |
Average price
/share, EUR |
Total amount of own shares |
| 30.04.2009 |
-195,264* |
20.79 |
4,710,242 |
*) Shares assigned to the share-based incentive plan. The assigned shares have been valued at the average market price of the assignment day.
Shares owned by the corporation 2008
|
|
|
|
| Date |
Purchased amount of shares |
Average price
/share, EUR |
Total amount of own shares |
| 29.04.2008 |
-326,000* |
25.14 |
4,905,506 |
| 28.02.2008 |
Share issue without payment (1:1) |
|
5,231,506 |
*) Shares assigned to the share-based incentive plan. The assigned shares have been valued at the average market price of the assignment day.
Shares owned by the corporation 2007
|
|
|
|
| Date |
Purchased amount of shares |
Average price
/share, EUR |
Total amount of own shares |
|
25.04.2007 |
-129,000* |
45.22 |
2,615,753 |
|
07.02.2007 |
6,000 |
47.06 |
2,744,753 |
*) Shares assigned to the share-based incentive plan. The assigned shares have been valued at the average market price of the assignment day.
Previous buy-back 
2006 I 2005