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KONE Corporation, stock exchange release, October 22, 2013 at 12.35 p.m. EET
The Board of Directors of KONE Corporation has decided to propose to an extraordinary general meeting of the shareholders to be held in December, 2013 that an extra dividend of EUR 1.30 per class B share and EUR 1.295 per class A share be distributed to KONE shareholders. The proposed extra dividend would amount to EUR 332.8 million in total, based on the current ownership of treasury shares.
Further the Board of Directors of KONE Corporation proposes that the number of shares in the company be increased by issuing new shares to the shareholders without payment in proportion to their holdings so that one (1) class A share will be given for each class A share and one (1) class B share will be given for each class B share. Based on the number of the shares on the date of this proposal, a total of 38,104,356 new class A shares and 223,068,735 new class B shares would be issued, so that after the share issue, there would be a total of 76,208,712 class A shares and a total of 446,137,470 class B shares. The share issue would be implemented in the book-entry system and does not require measures by the shareholders. New shares would produce shareholder rights as of the registration of the share issue, however, the new shares will not entitle their holders to the dividends to be decided in the extraordinary general meeting of the shareholders to be held on December 2013.
The invitation to the extraordinary general meeting will be published by means of a separate stock exchange release and on KONE's website at a later stage.
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
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(TM) 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 2012, KONE had annual net sales of EUR 6.3 billion and approximately 40,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.