Konecranes commences share buy-back program
Konecranes Plc has initiated a share buy-back program with a maximum value of EUR 100 million. The decision by the Board of Directors is based on an authorization granted by the Annual General Meeting.
Konecranes Plc, a manufacturer of lifting equipment, has commenced a program to repurchase its own shares, with a maximum monetary amount set at EUR 100 million. The company's Board of Directors made the decision to initiate the program, utilizing an authorization granted by the Annual General Meeting held on March 26, 2026.
The buy-back program aligns with the company's newly defined capital allocation principles. Konecranes intends to use the program to enhance shareholder returns by repurchasing shares at the prevailing market price. The total expenditure for the program will not exceed EUR 100 million.
Shares will be repurchased in accordance with terms and conditions to be subsequently confirmed by the Board of Directors. The program is scheduled to run from September 2026 through March 2027. The objective is to provide flexibility in the company's capital structure and in the management of capital distributed to shareholders.
The company plans to repurchase up to a certain number of shares, which corresponds to approximately 10 percent of its outstanding share capital. The executed repurchases may impact the company's earnings per share but are not expected to affect the group's overall financial position.