The demerger of Kone Corporation into two new listed corporations, Cargotec Corporation (“Cargotec”) and KONE Corporation (“New KONE”), is now in its final stages. The last trading day for Kone Corporation class B shares, and A and B series option rights is 31 May, 2005. The demerger will be registered in the trade register on 1 June, 2005, which is the first trading day for Cargotec and New KONE class B shares, and A and B series option rights on the Helsinki Stock Exchange.
Kone Corporation will publish the Listing Particulars for Cargotec and New KONE today, 25 May, 2005. On 9 December, 2004, Kone Corporation published a Demerger Prospectus. On 2 May, 2005 the financial statements for the extended 15-month period 1 January, 2004–31 March, 2005 were disclosed. The accounting period was extended in order to allow the capital markets to have as comprehensive and timely financial information as possible at the time of demerger.
The Listing Particular includes descriptions of Cargotec’s operations, strategy and financial position, as well as a reiterated outlook for year 2005 from the financial statements. Shareholders and investors are advised to acquaint themselves with the entire Listing Particular.
The appendix of this release include previously undisclosed pro forma figures for year 2002, which include the marine cargo-handling operations of MacGREGOR. These figures are now being disclosed, as they were included in the listing application to the Helsinki Stock Exchange.
The Listing Particular is available on Kone’s website www.konecorp.com in the “Investors” section, at OMX way at the address Fabianinkatu 14, FIN-00130 Helsinki, and can be ordered from Cargotec by e-mail from email@example.com or by telephone from Tiina Aaltonen, tel. +358 204 55 4284.
Kone Corporation, Board of Directors
Director, Secretary to the Board of Directors
Senior Vice President, Corporate Communications & IR
For further information, please contact:
Kari Heinistö, Senior Executive Vice President, Cargotec, tel. +358 (0)204 55 4542
Eeva Mäkelä, Senior Vice President, IR & Communications, Cargotec,
tel. +358 (0)40 727 6766