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Mr. Antti Herlin, Mr. Ilkka Herlin, Ms. Ilona Herlin and Mr. Niklas Herlin have on 5 April, 2005 signed an agreement aiming at the reorganisation of the ownership of the holding companies of Kone Corporation (”KONE”), Security Trading Oy and Holding Manutas Oy, as well of their holdings in KONE and their other holdings. The multi-phased reorganization will be completed by 15 July 2005. By that date KONE Corporation will have already demerged into the new KONE Corporation and Cargotec Corporation (demerger estimated to enter into force on 31 May, 2005).
When effected, the agreement will result in the shares of the new KONE Corporation controlled by Mr. Antti Herlin entitling to more than 20 % of the shares and more than 60 % of the votes.
The entire release with enclosed tables is available in attached PDF file.
Director, secretary to the Board of Directors
Senior Vice President, Corporate Communications & IR
For additional information, contact:
Tapio Hakakari, tel. +358 204 75 4226