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KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

Stock Exchange Release Published 07/03/2022

KONE Corporation, stock exchange release, March 7, 2022 at 5.45p.m. EET

KONE Corporation: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

KONE Corporation has received an announcement from BlackRock, Inc. on March 7, 2022, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. 

According to the announcement, the total number of KONE Corporation shares owned by BlackRock, Inc. and its funds excluding financial instruments according to SMA 9:6a decreased to below five (5) per cent of the total number of shares of KONE Corporation on March 4, 2022. The total number of shares including financial instruments according to SMA 9:6a owned by BlackRock, Inc. and its funds amounts to five (5) per cent of the total number of shares of KONE Corporation.

Total position of BlackRock, Inc. and its funds subject to the notification: 

% of shares and voting rights% of shares and voting rights through financial instruments% of totalTotal number of shares and voting rights of issuer
Resulting situation on the date on which the threshold was crossed or reached

4.92% shares

Below 5% voting rights

0.08% shares

Below 5% voting rights

5.00% shares

Below 5% voting rights

529,395,860 shares

121,527,427 voting rights

Position of previous notification (if applicable)

5.06% shares

Below 5% voting rights

0.05% shares

Below 5% voting rights

5.12% shares

Below 5% voting rights

Notified details of the resulting situation on the date on which the threshold was crossed:

A: shares and voting rights

Class / type of sharesNumber of shares and voting rights% of shares and voting rights
Direct (SMA 9:5)Indirect (SMA 9:6 and 9:7)Direct (SMA 9:5)Indirect (SMA 9:6 and 9:7)
FI0009013403

26,067,290 shares

Below 5% voting rights

4.92% shares

Below 5% voting rights

SUBTOTAL A

26,067,290 shares 

Below 5% voting rights

4.92% shares

Below 5% voting rights

B: Financial instruments according to SMA 9:6a:

Type of financial instrumentExpiration dateExercise / Conversion PeriodPhysical or cash settlementNumber of shares and voting rights% of shares and voting rights
Depositary ReceiptN/AN/APhysical

215,130 shares

Below 5% voting rights

0.04% shares

Below 5% voting rights

Securities LentN/AN/APhysical

61,330 shares

Below 5% voting rights

0.01% shares

Below 5% voting rights

CFDN/AN/ACash

148,160 Shares

Below 5% voting rights

0.02% shares

Below 5% voting rights

SUBTOTAL B

424,620 shares

Below 5% voting rights

0.08% shares

Below 5% voting rights

For further information, please contact:

Natalia Valtasaari, Head of Investor Relations, tel. +358 (0)204 75 4705 

Sender: 

KONE Corporation

Johannes Frände
General Counsel, Secretary of the Board

Ilkka Hara
CFO

About KONE

At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2021, KONE had annual sales of EUR 10.5 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com

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