Would you like to explore our corporate site or visit your local website?

Stay on Corporate site

Would you like to browse the solutions available in your area and the local contact information? Please go to your local website.

Your suggested website is

United States

Go to your suggested website

We use cookies to optimize site functionality and to give you the best possible experience while browsing our site. If you are fine with this and accept all cookies, just click the 'Accept' button. You can also review our privacy statement.

  • Home
  • News & Insights
  • Releases
  • 2005-09-23 KONE's Share Capital Increases through Subscription of Shares with 2005 A and B Option Rights
Back to top

KONE's Share Capital Increases through Subscription of Shares with 2005 A and B Option Rights

Stock Exchange Release Published 23/09/2005

Based on the KONE 2005 option program, 3,900 new KONE class B shares have been subscribed for with A option rights and 21,030 new KONE class B shares with B option rights.

The Finnish Board of Patents and Registration has on 23 September, 2005 entered the corresponding 24,930.00 euro increase of KONE Corporation’s share capital into the Trade Register. Trading of the new shares will start on 26 September, 2005. The shares acquired shall first qualify for dividend payment for the financial year during which the subscription has taken place. Other rights related to the shares shall commence on the date when the increase in the share capital is entered in the Trade Register.
KONE 2005 option rights were listed on the main list of the Helsinki Stock Exchange on 1 June, 2005. To date, 70,530 shares have been subscribed for with the option rights. The maximum number of shares that can be subscribed for is 654,255. The subscription price is EUR 16.08 per share.
KONE’s share capital is 63,825,285.00 euro after the entry, comprising 54,299,196 listed class B shares and 9,526,089 unlisted class A shares.
KONE Corporation
Tapio Hakakari
Director, Secretary to the Board
Minna Mars
Senior Vice President, Corporate Communications & IR
For further information, please contact:
Tapio Hakakari, Director, Secretary to the Board, tel. +358 (0)204 75 4226
KONE is the world’s fourth largest elevator and escalator company and provides complete and innovative solutions for the installation, maintenance and modernization of elevators and escalators and the maintenance of automatic building doors. KONE provides safe and easy access to hundreds of millions of people daily in all parts of the world. KONE has annual net sales of approximately EUR three billion and about 27,000 employees. Its class B shares are listed on the Helsinki Exchanges.