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KONE Corporation has assigned a total of 311,375 KONE class B shares to the 41 participants of the KONE share-based incentive program as a reward payment for the 2009 earning period. 290,639 of the shares were transferred by KONE Corporation and 20,736 were transferred by KONEBV Incentive Oy, subsidiary of KONE Corporation.
The handover date for the shares was April 29, 2010. After the transfer, KONE Corporation holds 4,198,867 of its own class B shares.
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 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 2009, KONE had annual net sales of EUR 4.7 billion and approximately 34,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland. Founded in 1910, KONE celebrates its centennial anniversary in 2010.
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