CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 MARCH 2014 AT 4.25 PM (EET)
Change in the amount of Cargotec's own shares
Cargotec's Board of Directors has on 18 March 2014 decided on a directed share issue as a reward payment under the share-based incentive programme 2013. Cargotec will transfer 26,684 class B shares held by the company without consideration to 20 persons participating in the incentive programme according to the terms and conditions of the programme on or about 31 March 2014. More detailed information about the launch and the terms and conditions of the programme is available in a stock exchange release published on 23 August 2013.
The transfer of shares is based on the authorisation granted to the Board of Directors by the Annual General Meeting held on 18 March 2014. According to the authorisation, the Board of Directors can decide on a share issue amounting to a maximum of 952,000 class A shares and 5,448,000 class B shares.
After the transfer of shares, Cargotec does not hold any class B shares.
For further information, please contact:
Eeva Sipilä, Executive Vice President and CFO, tel. +358 20 777 4104
Paula Liimatta, Director, Investor Relations, tel. +358 20 777 4084
Cargotec shapes the cargo handling industry for the benefit of its customers and shareholders. Cargotec's business areas MacGregor, Kalmar and Hiab are recognised leaders in cargo and load handling solutions around the world. Their global network is positioned close to customers and offers extensive services that ensure a continuous, reliable and sustainable performance according to customers' needs. Cargotec's sales totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com