Additionally, Konecranes Plc holds 742,600 shares. The shares will be purchased with non-restricted equity, reducing its distributable non-restricted equity.
The repurchase of shares will be executed at the market price in public trading on the OMX Nordic Helsinki Exchange. The company’s own shares will be repurchased to be used as compensation in possible acquisitions or other arrangements, or to develop the capital structure of the company including possible cancellation of shares. Therefore, “there is a weighty financial reason for the repurchase of own shares,” it said.
The repurchase of own shares will start no earlier than November 8 2007 and end no later than February 29 2008.
