The share issue without payment approved by KONE Corporation’s Annual General Meeting on February 25, 2008 has been entered in the Trade Register today, February 28, 2008.
The share issue without payment has the same effect as a share split. The number of shares in the company is increased by issuing new shares to the shareholders without payment in proportion to their holdings so that one class A share will be given for each class A share and one class B share will be given for each class B share. The number of shares is being increased in order to promote trading.
After the registration, the number of the company’s class A shares is 38,104,356 and the number of class B shares 218,600,832. The company’s share capital will remain unchanged at EUR 64,176,297.00.
The Financial Supervision Authority has granted the company an exemption order (Dnro 8/250/2008) from the obligation to publish a prospectus when applying for admission of the new class B shares to public trading. In accordance with the exemption order, the company provides the following information:
The new class B shares (ISIN FI0009013403, trading symbol KNEBV) will be entered into the book-entry system and admitted together with old shares on the Main List of the OMX Nordic Exchange Helsinki, starting on February 29, 2008. The number of new class B shares to be admitted to trading is 109,300,416.
The class B share traded without the dividend right and the share issue without payment right on February 26, 2008.
The share issue will be implemented in the book-entry system and does not require measures by the shareholders. Shareholders who are registered in the company’s shareholder register on the record date, February 28, 2008 are entitled to shares. The new shares will produce shareholder rights as of the registration of the share issue, however, the new shares will not entitle their holders to the dividends decided in the General Meeting held on February 25, 2008.
KONE is one of the world’s leading elevator and escalator companies. It provides customers with industry-leading elevators, escalators and innovative solutions for maintenance and modernization. KONE also provides maintenance services for automatic building doors. In 2007, KONE had annual net sales of EUR 4.1 billion and approximately 32,500 employees. KONE class B shares are listed on the OMX Nordic Exchange Helsinki in Finland. www.kone.com
For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226
Secretary to the Board of Directors
Senior Vice President,
Corporate Communications & IR