KONE Corporation, stock exchange release, March 14, 2013 at 9:30 a.m. EET
KONE Corporation will apply for the listing of its 2010 stock
options on the NASDAQ OMX Helsinki Ltd so that the listing begins
as of April 2, 2013.
The total number of the 2010 stock options is 3,000,000. Each option right entitles its holder to subscribe for one (1) class B share. In total, the 2010 stock options entitle to subscribe for 3,000,000 class B shares of KONE Corporation, at maximum. KONE Corporation's subsidiary, KONE Capital Oy, has 896,000 stock options in its possession. KONE Corporation's Board of Directors has resolved, in accordance with the terms and conditions of the stock options that the stock option holders will be offered new class B shares in the company.
The current subscription price for 2010 stock options is EUR 29.45 per share. The subscription price of the shares subscribed for by the stock options has been reduced in accordance with the terms and conditions by the amount of dividends declared before the share subscription at the record date for each dividend distribution.
KONE Corporation's Board of Directors has noted that the criteria of the 2010 stock options plan have been met and resolved that the share subscription period will begin on April 1, 2013 in accordance with the terms and conditions. The stock options may be freely transferred as of that date. The subscription period will end on April 30, 2015. The place of subscription will be Evli Bank Plc.
The reasons to grant the 2010 stock options and the original
terms and conditions have been published by a stock exchange
release on July 20, 2010. The updated, full version of the terms
and conditions of the 2010 stock options is available on the
company's website at www.kone.com.
The share subscription timetable with the option rights 2010 in 2013 is as follows:
|Subscriptions/Payments on or before||Estimated Trade Register day|
|April 18, 2013||May 8, 2013|
|July 15, 2013||August 9, 2013|
|October 17, 2013||November 6, 2013|
|December 16, 2013||December 31, 2013|
The Board will not handle share subscriptions between the end of the financial year 2013 and the subsequent Annual General Meeting.
For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 204 75 4226
Secretary to the Board
Executive Vice President
Marketing and 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.