DGAP-News: KION GROUP AG prepares employee share programme (news with additional features)
(firmenpresse) - DGAP-News: KION GROUP AG / Key word(s): Share Buyback
KION GROUP AG prepares employee share programme (news with additional
features)
26.08.2013 / 14:50
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- Programme to reward commitment
- Global rollout planned after launch in Germany
- First step: repurchase of up to 200,000 shares
Wiesbaden, 26 August 2013 - After its successful IPO, KION GROUP AG plans
to set up an employee share programme to allow its staff to benefit from
the performance of the company. KION Group, the world's largest specialist
supplier of industrial trucks and associated services, intends to launch
the programme in Germany initially before rolling it out in other countries
around the world, wherever possible.
The preparations for this programme include the buyback of shares to be
held in treasury as resolved today by the Executive Board of KION GROUP AG.
During a period between 28 August 2013 and 15 October 2013, up to 200,000
no-par-value shares are to be repurchased, which equates to approximately
0.2 per cent of the share capital. The intention is to offer these shares
to staff as part of an employee share programme. The buy-back programme
will be carried out by Goldman Sachs International as agent of the Company.
Under the terms of the order that will be placed, Goldman Sachs
International will decide on the execution of the purchase independently
and without any influence from KION GROUP AG.
'Our company's success relies on a high level of commitment from our
employees', emphasised Gordon Riske, CEO of KION GROUP AG. 'We want to
reward this dedication with a share programme that is designed to help our
employees identify with the company even more strongly. Through the
programme, employees will be able to benefit even more directly from the
KION Group's growth strategy.'
The repurchase of shares by the company is beginning during a two-week
trading window, which opens upon publication of the half-year results and
is based on internal restrictions on when employees can trade KION Group
securities. During this period, employees may trade company shares,
including those members of staff who participated in an earlier,
broad-based management participation program who were subject to a lock-up
period until recently. Executive Board members and other managers continue
to be bound by a lock-up period of twelve months from the IPO.
About KION Group
The KION Group - comprising the six brands Linde, STILL, Fenwick, OM STILL,
Baoli and Voltas - is the largest manufacturer of industrial trucks in
Western and Eastern Europe, the global number two in the industry and the
leading non-domestic supplier in China. The Linde and STILL brands serve
the premium segment worldwide. Fenwick is the largest supplier of material
handling products in France, while OM STILL is a market leader in Italy.
The Baoli brand focuses on the economy segment, and Voltas is a market
leader in India. The KION Group employed more than 21,000 people and
generated revenue of EUR4.73 billion in 2012. KION Group is present in more
than 100 countries and has a global market share of around 15 percent.
Disclaimer
This document and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell or a
solicitation of an offer to buy any securities in the United States or in
any other jurisdiction. This release contains forward-looking statements
that are subject to various risks and uncertainties. Future results could
differ materially from those described in these forward-looking statements
due to certain factors, e.g. changes in business, economic and competitive
conditions, regulatory reforms, results of technical studies, foreign
exchange rate fluctuations, uncertainties in litigation or investigative
proceedings, and the availability of financing. We do not undertake any
responsibility to update the forward-looking statements in this release.
Further information for the media
Michael Hauger
Head of Corporate Communications
Tel.: +49 (0) 611.770-655
Email michael.hauger(at)kiongroup.com
Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0) 611.770-752
Email frank.brandmaier(at)kiongroup.com
Further information for investors
Frank Herzog
Head of Corporate Finance
Tel.: +49 (0) 611.770-303
Email frank.herzog(at)kiongroup.com
Silke Glitza
Head of Investor Relations and M&A
Tel.: +49 (0) 611.770-450
Email silke.glitza(at)kiongroup.com
End of Corporate News
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=PNHTRCWRPG
Document title: KION GROUP AG prepares employee share programme
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26.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KION GROUP AG
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Germany
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: info(at)kiongroup.com
Internet: www.kiongroup.com
ISIN: DE000KGX8881
WKN: KGX888
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
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227531 26.08.2013
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Datum: 26.08.2013 - 14:50 Uhr
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News-ID 290868
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