Cargotec Shares Subscribed with Option Rights
10/26/2007 9:15 AM
Stock Exchange Announcement, October 26, 2007 at 9:15 a.m. Finnish time
A total number of 19,290 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 2,000 and 4,430 respectively. The subscriptions increase Cargotec's share capital by EUR 19,290. The share capital increase has been entered in the trade register on October 26, 2007 and trading in the shares together with the old shares will begin on October 29, 2007.
Cargotec's share capital after the increase totals EUR 64,156,428. The amount of class B shares after the subscription is 54,630,339 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 26, 2007.
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. After this share capital increase, a total of 252,582 class B shares remain to be subscribed for with 2005A and 2005B option rights, which corresponds to a share capital increase of EUR 252,582.
Trading and share subscription with 2005A option rights ends in March 2008
Trading with Cargotec 2005A option rights will end on March 20, 2008 and the last share subscription date is March 31, 2008. Before the share subscription period ends the shares can be subscribed as follows:
The share subscriptions made at latest on November 30, 2007 will be handled in December and the share capital increase will be registered by December 31, 2007. These new shares entitle to the possible dividend payment for the financial year 2007. In year 2008 share subscriptions can be made during January 2-March 31. Cargotec's Board of Directors does not handle share subscriptions between the end of the financial year 2007 and the Annual General Meeting. After the end of the share subscription period the unused 2005A option rights shall be null and void and automatically removed from the book-entry accounts of option holders.
The share subscription period with Cargotec 2005B option rights continues until March 31, 2009.
Senior Executive Vice President and CFO
SVP, Investor Relations and Communications
For further information, please contact:
Ulla Silvonen, Legal Assistant, tel. +358 204 55 4367
Cargotec is the world's leading provider of cargo handling solutions whose products are used in the different stages of material flow in ships, ports, terminals, distribution centers and local transportation. Cargotec Corporation's brands, Hiab, Kalmar and MacGREGOR, are market leaders in their fields and well-known among customers all over the world. Cargotec's sales are EUR 2.8 billion. The company employs over 11,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Nordic Exchange, Helsinki.