Konecranes registers increase in share capital
Konecranes Oyj has registered 52,600 new shares in the trade register, which were subscribed through its option programs. The total number of shares in the company increases to 61,424,020.
Konecranes Oyj has registered 52,600 new shares with the trade register, issued under the company's 1997, 2001 (Series B), and 2003 (Series C) option programs. The subscriptions were finalized at the end of September 2008.
Following these subscriptions, the total number of Konecranes shares increases to 61,424,020. Trading for the new shares is expected to commence on or around September 29, 2008. The company stated that the subscription price will be fully recorded in the reserve for invested unrestricted equity.
Konecranes is a global leader in lift trucks and lifting equipment, serving industries such as construction, process, and port operations. The company's focus is on providing solutions that enhance operational efficiency for its clients worldwide.
The company reported a 2007 turnover of EUR 1.75 billion and operated with 9,350 employees and over 470 service points across 43 countries.