The Office of the Prosecutor General of Finland has decided today not to proceed with charges against KONE Corporation’s CEO and Board Chairman Antti Herlin or Board Secretary Tapio Hakakari.
According to the decision, no inside information was abused in the trading of shares by Security Trading Oy. Antti Herlin holds a controlling interest in Security Trading Oy, where Tapio Hakakari serves as Managing Director.
KONE Corporation announced on 24 May, 2005 that it had become aware of the Finnish Financial Supervision Authority’s request for a preliminary investigation regarding suspected abuse of inside information in connection with trades carried out by Security Trading Oy involving shares in Partek Corporation during the spring of 2002. Herlin and Hakakari have consistently denied any involvement in the abuse of inside information.
Senior Vice President, Corporate Communications & IR
For more information, please contact:
Minna Mars, SVP, Corporate Communications & IR, tel. +358 (0)204 75 4501