Cargotec applies for listing of stock options 2010B and cancels stock options held by the company
ET | Source:Cargotec
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 MARCH 2014 AT 4.20 PM (EET)
Cargotec applies for listing of stock options 2010B and cancels stock options
held by the company
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
The share subscription place shall be Evli Bank Corporation, Aleksanterinkatu
19 A, 00100 Helsinki, Finland at www.evli.com > For private clients > Incentive
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.
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 3.2 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
GlobeNewswire, a Nasdaq company, is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.