CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 31 MARCH 2015 AT 8.30 AM (EEST)
Cargotec's transfer of own shares based on incentive programme
The Board of Directors of Cargotec Corporation has on 18 March 2015 decided on a directed share issue related to the reward payment for the restricted shares programme 2014 under Cargotec's share-based incentive programme 2014.
In the share issue, 28,030 own class B shares held by the company have been transferred without consideration to the key employees participating in the restricted shares programme 2014 in accordance with the terms and conditions of the share-based incentive programme 2014. More detailed information about the launch and the terms and conditions of the programme is available in a stock exchange release published on 4 February 2014.
The decision on the directed share issue is based on the authorisation granted to the Board of Directors by the Annual General Meeting on 18 March 2014. According to the authorisation, the Board of Directors can decide on a share issue amounting to a maximum of 952,000 class A shares and 5,448,000 class B shares.
After the transfer of shares, Cargotec does not hold any own shares.
For further information, please contact:
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 3.4 billion in 2014 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com