KONE Corporation, stock exchange release, October 21, 2011 at 9.45 a.m. EET
A total of 300,000 KONE class B shares have been subscribed for with 2007 option rights. The subscribed shares have been delivered to the subscribers on October 21, 2011. In accordance with KONE Corporation’s Board of Directors’ resolution, the subscriptions were made using treasury class B shares held by KONE Corporation.
After the subscription and delivery of the shares, KONE Corporation holds 5,228,120 of its own class B shares on October 21, 2011.
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™ 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 2010, KONE had annual net sales of EUR 5 billion and approximately 33,800 employees. KONE class B shares are listed on the NASDAQ OMX Helsinki Ltd in Finland.
For further information, please contact:
Jukka Ala-Mello, Secretary to the Board, tel. +358 (0)204 75 4226
Secretary to the Board
Executive Vice President
Marketing & Communications