In accordance with the Articles of Association, class B shares are preferred for a dividend, which is at least one percent and no more than 2.5 percent higher than the dividend paid to the holders of class A shares, calculated from the accounting par value of the share. The accounting par value of the share is EUR 0.25.
Payment of dividends
According the to the proposal by the Board of Directors, the Annual General Meeting decided that for the financial year 2012 a dividend of EUR 1,745 be paid for each class A share and a dividend of EUR 1,75 be paid for each class B share. All shares existing on the dividend record date, February 28, 2013 are entitled to the dividend. The dividend will be paid on March 7, 2013.
|Class B share, EUR
|Class A share, EUR
*) Extra dividend
**) A double dividend was paid for the financial year 2009
In the table above for 2007-2005 the figures have been adjusted taking into account the share issue without payment (split) on February 28, 2008.
Kone Corporation demerged into two new listed corporations, KONE Corporation and Cargotec Corporation. The demerger was registered in the trade register on 1 June, 2005. Hence, the dividends shown in the table below illustrate the situation that existed before the demerger.
| Class B share, EUR
| Class A share, EUR
KONE has not defined a specific target for dividends or share buy-backs. The dividend proposal by the Board of Directors is determined on the basis of the overall business outlook, business opportunities, as well as the present capital structure and the anticipated changes in it.*) At the end of December 2012, KONE had 4,160,339 class B shares in its possession.
In the case of dividend distribution, the dividend paid on the class B share is higher than that on the class A share. The difference between the dividends is at minimum one (1) percent and at maximum two-and-a-half (2.5) percent, calculated from the accounting par value of the share. The accounting par value of the share is EUR 0.25.