KONE Corporation has assigned a total of 195,264 KONE class B shares held by its subsidiary KNEBV Incentive Oy to the 40 participants of the KONE share-based incentive program as a reward payment for the 2008 earning period.
The handover date for the shares was April 29, 2009. After the transfer, the KONE Group holds 4,710,242 of its own class B shares.
KONE’s objective is to offer the best people flow experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. KONE provides its customers with industry-leading elevators, escalators and innovative solutions for modernization and maintenance, and is one of the global leaders in its industry. In 2008, KONE had annual net sales of EUR 4.6 billion and over 34,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.
For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226
Secretary to the Board
Executive Vice President
Marketing & Communications