Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Valmet Corporation’s holding in Neles
Neles Corporation, Stock exchange release on July 1, 2020 at 2:20 p.m. EEST
Neles Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about ownership in Neles Corporation. The share purchase has been executed based on Valmet Corporation’s share purchase agreement announcement published on June 17, 2020. After the share purchase, Valmet’s ownership in Neles is 22,374,869 shares, which represents 14.88% of Neles’ total shares. Neles’ total number of shares and voting rights is 150,348,256.
Valmet Corporation’s shares and voting rights according to the notification:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (B) | Total of both in % (A + B) |
|
| Resulting situation on the date on which the threshold was reached | 14.88% | 14.88% | |
| Position of previous notification | 14.88% | 14.88% |
|
A: Shares and voting rights |
||||
| Number of shares and voting rights | % of shares and voting rights | |||
| ISIN Code | Direct (SMA 9:5) | Indirect (SMA 9:6 and 7) | Direct(SMA 9:5) | Indirect(SMA 9:6 and 7) |
| FI4000440664 | 22 374 869 | 14.88% | ||
| TOTAL A | 22 374 869 | 14.88% | ||
Neles Corporation
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Nasdaq Helsinki
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www.neles.com
Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 660 million in 2019. Neles employs about 2,900 people in around 40 countries. Neles was created in the partial demerger of Metso Corporation, and trading in Neles stock started on July 1, 2020.