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KONECorporation, stock exchange
release, December 5, 2013 at 9.15 a.m. EET
The share issue without payment approved by KONE Corporation's Extraordinary General Meeting on December 2, 2013 has been entered in the Trade Register today, December 5, 2013.
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. After the registration, the number of the company's class A shares is 76,208,712 and the number of class B shares 446,256,146. The company's share capital will remain unchanged at EUR 65,308,107.25.
The new class B shares (ISIN FI0009013403, trading symbol KNEBV) are to be entered into the book-entry system and admitted to trading together with old shares on the NASDAQ OMX Helsinki Stock Exchange on December 9, 2013. The number of new class B shares to be admitted to trading is 223,128,073.
The effect of the share issue without payment was visible in the halving of the share price of the KONE class B share already on December 3, 2013, which was also the ex-dividend date for the extraordinary dividend approved by the Extraordinary General Meeting on December 2, 2013.
Following the share issue without payment, KONE Corporation holds in total 10,058,898 of its own class B shares.
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, December 5, 2013 are entitled to the 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 dividend approved by the Extraordinary General Meeting on December 2, 2013.
For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 204 75 4226
Secretary to the Board
Executive Vice President
Marketing and Communications
KONE is one of the global leaders in the elevator and escalator industry. The company has been committed to understanding the needs of its customers for the past century, providing industry-leading elevators, escalators and automatic building doors as well as innovative solutions for modernization and maintenance. The company's objective is to offer the best People Flow(TM) experience by developing and delivering solutions that enable people to move smoothly, safely, comfortably and without waiting in buildings in an increasingly urbanizing environment. In 2012, KONE had annual net sales of EUR 6.3 billion and approximately 40,000 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.