CARGOTEC CORPORATION, STOCK EXCHANGE RELEASE, 30 APRIL 2015 AT 3:45 P.M. (EEST)
Notification according to chapter 9, section 5 of the Securities Market Act: D-sijoitus oy demerger, ownership in Cargotec to transfer to Pivosto Oy
Cargotec Corporation has on April 30, 2015 received a notification from D-sijoitus oy (Business ID 1948057-7) referred to in Securities Market Act according to which D-sijoitus oy has on April 30, 2015 signed a demerger agreement. Following the completion of the demerger the Cargotec shares owned by D-sijoitus oy, a company controlled by Ilona Herlin, will transfer to a newly established company Pivosto Oy.
The registration of the demerger is planned to take place on August 31, 2015. Following the demerger Ilona Herlin's ownership in Cargotec Corporation via the new Pivosto Oy will be 10.54% of the shares and 22.15% of the votes.
For further information, please contact:
Eeva Sipilä, EVP 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 3.4 billion in 2014 and it employs approximately 11,000 people. Cargotec's class B shares are quoted on NASDAQ OMX Helsinki Ltd under symbol CGCBV. www.cargotec.com