10/27/2006 9:30 AM|
Stock Exchange Announcement, October 27, 2006 at 9.30 a.m. Finnish time
A total number of 7,530 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. Shares were subscribed with 2,510 series B option rights. The subscriptions increase Cargotec's share capital by 7,530 euros. The share capital increase has been entered in the trade register on October 27, 2006 and trading in the shares together with the old shares will begin on October 30, 2006.
Cargotec's share capital after the increase totals 64,009,680 euros. The amount of class B shares after the subscription is 54,483,591 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 October 27, 2006.
Each Cargotec option right entitles the holder to subscribe for three (3) Cargotec class B shares. The share subscription price according to the terms of the option program is 8.59 euros per share. After this share capital increase, a total of 399,330 class B shares remain to be subscribed for with series A and B option rights, which corresponds to a share capital increase of 399,330 euros.
Senior Executive Vice President and CFO
SVP, Investor Relations and Communications
For further information, please contact:
Eeva Mäkelä, SVP, Investor Relations and Communications, tel. +358 204 55 4281
Cargotec Corporation is the world's leading provider of cargo handling solutions, which are used in local transportation, terminals, ports, distribution centers, and ships. Cargotec's operations are divided into three strong, global business areas: Hiab, Kalmar, and MacGREGOR, each of which is the market leader in its own segment. In 2005 Cargotec's net sales exceeded EUR 2.3 billion. The company employs some 8,000 people and has activities in more than 160 countries. Cargotec's class B shares are listed on the Helsinki Stock Exchange.