CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 DECEMBER 2015 AT 9.00 AM (EET)
Share subscriptions with Cargotec 2010 stock options in 2016
The shares subscribed for under Cargotec 2010B stock options during 2016 will be registered in the Trade Register and listed on Nasdaq Helsinki Ltd on the following target dates:
Share subscription deadline | Estimated registration date | Estimated listing date |
2 May 2016 | 13 May 2016 | 14 May 2016 |
The shares subscribed with the options entitle holders to dividends and other shareholder rights after the shares have been registered. Cargotec reserves the right to change the Trade Register entry date indicated above, if necessary. Also, Cargotec does not assume any liability for non-registration occurring on the above-mentioned date.
Each stock option 2010B entitles its holder to subscribe for one (1) new class B share at a subscription price of EUR 28.54 by 30 April 2016. As per terms and conditions of the programme, since the last subscription day is Saturday, shares can be subscribed on the following bank day, i.e. 2 May 2016. The amount of the dividend decided before share subscription will be deducted from the share subscription price as per each dividend record date. Evli Bank Plc will act as the share subscription agent.
The terms and conditions of the stock options are available on Cargotec's website www.cargotec.com.
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 in 2014 totalled approximately EUR 3.4 billion and it employs approximately 11,000 people. Cargotec's class B shares are quoted on Nasdaq Helsinki Ltd under symbol CGCBV. www.cargotec.com