Based on the KONE 2005 option program, 6,600 new KONE class B shares have been subscribed for with 2005A option rights and 35,580 new KONE class B shares with 2005B option rights.
The Finnish Board of Patents and Registration has on 26 October, 2005 entered the corresponding 42,180.00 euro increase of KONE Corporation’s share capital into the Trade Register. Trading of the new shares will start on 27 October, 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 2005A and 2005B option rights were listed on the main list of the Helsinki Stock Exchange on 1 June, 2005. To date, 112,710 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 63,867,465.00 euro after the entry, comprising 54,341,376 listed class B shares and 9,526,089 unlisted class A shares.
Director, Secretary to the Board
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.