KION Group launches employee share programme

2014-10-02


KION GROUP AG / Key word(s): Miscellaneous

02.10.2014 / 10:09


  • Programme designed so that employees share in the company's development
  • International version planned after launch in Germany

Wiesbaden, 2 October 2014 - The KION Group is launching a share programme that will enable its employees to share in the company's development to a greater extent and more directly in future. The programme, which starts on 2 October, will initially give employees in the participating German companies of the KION Group the opportunity to acquire shares on special terms. It is to be extended to other countries next year.

"The abilities, experience and effort that our employees put in every day represent a vast resource for the KION Group," said Chief Financial Officer and Labour Relations Director Thomas Toepfer. "The share programme is a special way of showing our appreciation for what they deliver." Stefanie Schneider, Head of Human Resources in the KION Group, emphasised: "Our aim with this programme is to reward employees' hard work and encourage them to remain loyal to the KION Group over the long term."

Under the rules of the programme, eligible employees will acquire blocks of three shares and, after a three-year holding period, will receive an additional share free of charge for each block. The first time that employees participate, the KION Group will fund the third share of each block of shares up to a defined upper limit, thereby making the programme even more appealing.


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The Company

The KION Group - comprising the six brands of 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 leading provider of industrial trucks in India. The KION Group is present in more than 100 countries and, in 2013, employed over 22,000 people and generated revenue of EUR4.5 billion.


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
michael.hauger@kiongroup.com

Frank Brandmaier
Head of Corporate Media Relations
Tel.: +49 (0)611 770 752
frank.brandmaier@kiongroup.com


Further information for investors

Frank Herzog
Head of Corporate Finance
Tel.: +49 (0)611 770 303
frank.herzog@kiongroup.com

Dr Karoline Jung-Senssfelder
Head of Investor Relations and M&A
Tel.: +49 (0)611 770 450
karoline.jung-senssfelder@kiongroup.com




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Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=AEBWWFOTCU
Document title: Download Press Release as PDF


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289995  02.10.2014

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