Cargotec Shares Subscribed with Option Rights
A total number of 33,837 new class B shares have been subscribed with Cargotec option rights that were granted as part of the demerged Kone Corporation's year 2004 option program. The amount of 2005A and 2005B option rights used for share subscription was 10,495 and 784 respectively. The subscriptions increase Cargotec's share capital by EUR 33,837. The share capital increase has been entered in the trade register on April 29, 2008 and trading in the shares together with the old shares will begin on April 30, 2008.
Cargotec's share capital after the increase totals EUR 64,269,120. The amount of class B shares after the subscription is 54,743,031 shares. The number of class A shares remains unchanged at 9,526,089 shares. The new shares will entitle to all shareholder rights from the registration date April 29, 2008.
Each Cargotec option right entitles the holder to subscribe for three Cargotec class B shares. The share subscription price according to the terms of the option program is EUR 8.59 per share.
The share subscription period with 2005A option rights ended on March 31, 2008. During the subscription period, a total of 216,555 Cargotec class B shares were subscribed with the option rights. The share subscription period with 2005B option rights lasts until March 31, 2009 and 139,890 shares remain to be subscribed for with them.
Eeva Mäkelä, CFO
For further information, please contact:
Ulla Silvonen, Legal Assistant, tel. +358 204 55 4367
Cargotec improves the efficiency of cargo flows by offering handling systems and the related services for the loading and unloading of goods. Cargotec's brands, Hiab, Kalmar and MacGREGOR, are global market leaders in their fields and their solutions are used on land and at sea - wherever cargo is on the move. Extensive services close to customers ensure the continuous usability of equipment. Cargotec is the technology leader in its field, its R&D focusing on innovative solutions that take environmental considerations into account. Cargotec's sales are EUR 3 billion and the company employs over 11,000 people. Cargotec's class B shares are quoted on the OMX Nordic Exchange Helsinki.