CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 4 FEBRUARY 2014 AT 15.30 PM EET
Cargotec to start share repurchases
Cargotec's Board of Directors has decided to exercise the authorisation of the
Annual General Meeting on 20 March 2013 to repurchase the company's own shares.
The repurchases will start on 5 February 2014 at the earliest.
According to the authorisation, the maximum amount of shares to be acquired can
be 6,400,000 shares, of which a maximum of 952,000 class A shares and 5,448,000
class B shares may be repurchased.
Class B shares will be purchased at public trading on NASDAQ OMX Helsinki Ltd.
at the market price. Class A shares will be purchased outside the stock exchange
at the price equivalent to the average price of class B shares paid on NASDAQ
OMX Helsinki Ltd. on the purchase date.
For further information, please contact:
Eeva SipilÃ¤, 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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Source: Cargotec Oyj via GlobeNewswire