Konecranes Oyj: Konecranes commences a share buy-back program
KONECRANES PLC STOCK EXCHANGE RELEASE September 24, 2026 at 6:50 PM EEST
Konecranes commences a share buy-back program
The Board of Directors of Konecranes has decided to commence a repurchase of Konecranes' own shares ("buy-back program") on the basis of the authorization granted by the Annual General Meeting held on March 26, 2026. This buy-back program is in line with the new capital allocation principles defined by the company. The main terms of the buy-back program are:
- The maximum monetary amount to be used for the program is EUR 100 million, however 4,250,000 shares at maximum, which technical maximum would correspond to approximately 1.8% of the total number of shares.
- The shares will be repurchased in public trading on Nasdaq Helsinki otherwise than in proportion to the existing shareholdings of Konecranes' shareholders, at the market price quoted at the time of purchase on Nasdaq Helsinki Ltd, using the Company's unrestricted equity.
- The shares shall be repurchased to reduce Konecranes' capital.
- The share buy-back program shall commence on November 1, 2026, at the earliest, and end by March 17, 2027, at the latest. Within the limits of the program, the broker will carry out the purchases at maximum EUR 25 million during any given calendar month. Repurchased shares will be cancelled at the latest after the program has ended.
The repurchases will be carried out in accordance with the so-called safe harbour rules referred to in Article 5 of the EU Market Abuse Regulation (EU N:o 596/2014). Konecranes has appointed a third-party broker as the lead manager for the buyback program. The broker will make trading decisions independently, without influence from Konecranes.
Prior to the commencement of this program, the company holds, directly and through its subsidiaries, a total of 22,911 treasury shares.
KONECRANES PLC
Ruusa Vallin
Interim Head of Investor Relations
FURTHER INFORMATION
Ruusa Vallin,
Interim Head of Investor Relations,
tel. +358 (0) 20 427 2050
In a rapidly changing world, our customers need reliable partners to keep their businesses moving. Konecranes has helped ports and industries move what matters for more than a century. Our long industry expertise, global reach and close customer relationships set us apart. We combine insights from our broad installed base, technology and services to turn knowledge into better performance and customer value. In 2025, Konecranes sales totaled EUR 4.2 billion. The company employs around 16,500 employees. Konecranes shares are listed on Nasdaq Helsinki (symbol: KCR).
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Nasdaq Helsinki
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www.konecranes.com