KONE completes repurchase of own shares

KONE Corporation, stock exchange release, November 16, 2022 at 9.30 a.m. EET

KONE completes repurchase of own shares 

KONE has completed the repurchase of the company's own class B shares, which started on November 3, 2022 and ended on November 15, 2022. During this period, a total of 1,083,500 own shares were repurchased for an average price of EUR 46.1051 per share. The shares were repurchased in public trading on Nasdaq Helsinki Ltd. at the market price prevailing at the time of purchase. The shares were repurchased on the basis of the authorization given by the Annual General Meeting on March 1, 2022 and will be used as a part of share-based incentive plans of KONE.

Following the repurchase, KONE Corporation holds a total of 12,304,525 of its own class B shares. 

For further information, please contact:

Natalia Valtasaari, Head of Investor Relations, tel. +358 204 75 4705  

Sender:

KONE Corporation

Johannes Frände
Secretary to the Board

Ilkka Hara
CFO

About KONE
At KONE, our mission is to improve the flow of urban life. As a global leader in the elevator and escalator industry, KONE provides elevators, escalators and automatic building doors, as well as solutions for maintenance and modernization to add value to buildings throughout their life cycle. Through more effective People Flow®, we make people's journeys safe, convenient and reliable, in taller, smarter buildings. In 2021, KONE had annual sales of EUR 10.5 billion, and at the end of the year over 60,000 employees. KONE class B shares are listed on the Nasdaq Helsinki Ltd. in Finland.

www.kone.com