Cargotec applies for listing of stock options 2010B and cancels stock options held by the company

CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 MARCH 2014 AT 4.20 PM (EET)

 

 

Cargotec applies for listing of stock options 2010B on the main list of NASDAQ OMX Helsinki to commence on 1 April 2014.

 

A total of 400,000 stock options 2010B have been issued in the Finnish paperless book-entry system. There are currently 58 key employees holding a total of 21,136 stock options 2010B. Cargotec currently holds 378,864 stock options 2010B, which will not be used for share subscription.

 

Each stock option 2010B entitles its holder to subscribe for one (1) new class B share in Cargotec. The share subscription period for stock options 2010B will commence on 1 April 2014 and end on 30 April 2016. Payment of shares shall be effected on subscription. The share subscription price amounts currently to EUR 29.51 per share. The amount of the dividend distributed before share subscription will be deducted from the share subscription price as per each dividend record date. New shares subscribed with stock options 2010B shall be listed as additional lots of Cargotec class B shares on the main list of NASDAQ OMX Helsinki together with the old shares after the new shares have been registered.

 

The share subscription place shall be Evli Bank Corporation, Aleksanterinkatu 19 A, 00100 Helsinki, Finland at www.evli.com > For private clients > Incentive programs.  

 

The listing timetable for the shares subscribed for under the stock options 2010A and 2010B during 2014 has been published as a stock exchange release on 17 December 2013.

 

The Board of Directors has decided to cancel a total of 378,864 stock options 2010B and a total of 400,000 stock options 2010C held by Cargotec, as the earnings criteria for the stock options were not fulfilled. The cancellation will be registered in the Finnish Trade Register on or about 10 April 2014.

 

After the cancellation, the remaining 21,136 stock options 2010B entitle holders to subscribe for 21,136 Cargotec class B shares. 

 

The terms and conditions of the stock options 2010 can be viewed at www.cargotec.com > Investors > Shares > Option rights.

 

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 totalled approximately EUR 3.2 billion in 2013 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki under symbol CGCBV. www.cargotec.com