Cargotec's transfer of own shares based on incentive programmes
26 März 2024 - 4:30PM
Cargotec's transfer of own shares based on incentive programmes
CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 26 MARCH 2024 AT
5:30 PM (EET)Cargotec's transfer of own shares based on
incentive programmes
The Board of Directors of Cargotec Corporation has today on 26
March 2024 decided on a directed share issue related to the reward
payments for share-based incentive programmes. In the share issue,
172,993 own class B shares held by the company will be transferred
on Thursday 28 March 2024 without consideration to the key
employees participating in the share-based incentive programmes in
accordance with the programme-specific terms and conditions.
The share reward payments are related to the performance periods
2021–2023, 2022–2024, and 2023–2025 of Cargotec's share-based
incentive programmes, restricted share programmes 2022–2024 and
2023–2025, and the restricted share unit programme 2022–2024. More
detailed information about the launch and the terms and conditions
of these programmes are available in the stock exchange releases
published on 4 February 2021,13 May 2022 and 2 February 2023.
After the transfer of shares, Cargotec holds a total of 384,050
own class B shares.
The decision on the directed share issue is based on the
authorisation granted to the Board of Directors by the Annual
General Meeting on 23 March 2023. 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.
Cargotec CorporationThe Board of Directors
For further information, please contact:Mikko
Puolakka, CFO, tel. +358 20 777 4105Aki Vesikallio, Vice President,
Investor Relations, tel. +358 40 729 1670
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for
a better everyday with its leading cargo handling solutions and
services. Cargotec's business areas Kalmar, Hiab and MacGregor are
pioneers in their fields. Through their unique position in ports,
at sea and on roads, they optimise global cargo flows and create
sustainable customer value. Cargotec has signed the United Nations
Global Compact Business Ambition for 1.5°C. The company's sales in
2023 totalled approximately EUR 4.6 billion and it employs around
11,400 people. www.cargotec.com
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