5/2/2007 9:30 AM|
Stock Exchange Announcement, May 2, 2007 at 9:30 a.m. Finnish time
A total number of 8,040 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 165 and 2,515 respectively. The subscriptions increase Cargotec's share capital by EUR 8,040. The share capital increase has been entered in the trade register on May 2, 2007 and trading in the shares together with the old shares will begin on May 3, 2007.
Cargotec's share capital after the increase totals EUR 64,118,679. The amount of class B shares after the subscription is 54,592,590 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 May 2, 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 290,331 class B shares remain to be subscribed for with 2005A and 2005B option rights, which corresponds to a share capital increase of EUR 290,331.
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 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 net sales are EUR 2.7 billion. The company employs approximately 9,000 people and operates in close to 160 countries. Cargotec's class B shares are quoted on the Helsinki Stock Exchange.