Successful launch of employee share programme

2014-11-12


KION GROUP AG / Key word(s): Miscellaneous

12.11.2014 / 11:00


  • Participation rate of 24 per cent
  • International version planned after launch in Germany

Wiesbaden, 12 November 2014 - The KION Group's employee share programme has got off to a successful start, with some 24 per cent of the roughly 7,550 members of staff eligible to participate in the scheme having purchased blocks of shares within a four-week period. More than half of the 1,800 or so participants have bought the maximum number of 20 blocks.

"This highly encouraging outcome bears testimony not only to the programme's very attractive terms and conditions but also to our employees' confidence in the KION Group's future and its strategic direction," commented CFO and Labour Relations Director Thomas Toepfer. Stefanie Schneider, Head of Human Resources for the KION Group, stressed: "We are delighted that our staff have taken up this offer in such large numbers and that we can use this scheme to reward their hard work and encourage them to remain loyal to the KION Group over the long term."

The programme is to be extended to other countries in 2015. It initially gave employees in the participating German KION Group companies the opportunity to acquire shares on preferential terms. For each block of three shares that they acquire, they also receive an additional share free of charge after a three-year holding period. For all employees who are participating in the programme for the first time, the KION Group will fund the third share in each block of shares up to a defined upper limit.

Website: kiongroup.com/mediasite

Twitter: @kion_group


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. KION GROUP AG has been listed on Deutsche Börse's Frankfurt Stock Exchange since June 2013 and was admitted to the MDAX, the German stock index for medium-sized companies, in September 2014.


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=QEXNBLHKNU
Document title: Download Press Release as PDF


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