Share Subscriptions with Cargotec Series A and B Option Rights in 2007
12/19/2006 1:45 PM|
Stock Exchange Announcement, December 19, 2006 at 2.45 p.m. Finnish time
Cargotec option rights were granted as part of the demerged Kone Corporation's
year 2004 option program. In 2007, shares can be subscribed with the option
rights according to the following time schedule within the period from January 2
to November 30:
|Share subscription deadline||Entry into the Trade Register by|
|February 21, 2007||March 15, 2007|
|April 19, 2007||May 15, 2007|
|July 16, 2007||August 31, 2007|
|October 15, 2007||October 31, 2007|
|November 30, 2007||December 31, 2007|
Cargotec's Board of Directors does not handle the share subscriptions between
the end of the financial period 2007 and the Annual General Meeting of 2008.
Trading in the shares subscribed with the option rights will begin on the
following stock exchange day after the trade register entry.
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. Share subscription period with
series A option rights ends on March 31, 2008 and with series B option rights on
March 31, 2009.
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.