CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 18 MARCH 2014 AT 4.25 PM (EET)
Change in the amount of Cargotec's own shares
Cargotec's Board of Directors has on 18 March 2014 decided on a directed share
issue as a reward payment under the share-based incentive programme 2013.
Cargotec will transfer 26,684 class B shares held by the company without
consideration to 20 persons participating in the incentive programme according
to the terms and conditions of the programme on or about 31 March 2014. More
detailed information about the launch and the terms and conditions of the
programme is available in a stock exchange release published on 23 August 2013.
The transfer of shares is based on the authorisation granted to the Board of
Directors by the Annual General Meeting held 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 class B 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 3.2 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
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