Helsinki, Finland, 2015-05-12 11:25 CEST (GLOBE NEWSWIRE) -- Norvestia Oyj Stock exchange release 12 May 2015 at 12:25
NOTIFICATION ACCORDING TO CHAPTER 9, SECTION 5 OF THE SECURITIES MARKETS ACT: CHANGES IN SHAREHOLDINGS IN NORVESTIA OYJ
Norvestia Oyj has received flagging notifications, pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act, on 12 May 2015 from Kaupthing hf. and CapMan Plc.
According to the notifications, Kaupthing hf. has sold part of its holdings in Norvestia Oyj to CapMan Plc on 12 May 2015 and additionally the parties have agreed on an agreement or arrangement that, if realised, would result in the acquisition or disposal of shares or voting rights. As a result of the share trade and agreements or other arrangements, if realised, the holdings of Kaupthing will fall below the 5 percent threshold in shares and votes, and correspondingly the holdings of CapMan will exceed the 25 percent threshold in shares and votes.
1. Target company name Norvestia Oyj 2. Grounds for flagging notification Share trade and agreement or other arrangement that, if realised, would result in the acquisition or disposal of shares or voting rights 3. Date on which the thresholds are reached or crossed 12 May 2015
4. Holdings before share trade
| Kaupthing hf. (ID-nr: 560882-0419) | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| A share | 900,000 | 5.88% | 9,000,000 | 38.43% |
| B share | 4,113,976 | 26.86% | 4,113,976 | 17.57% |
| In total | 5,013,976 | 32.74% | 13,113,976 | 56.00% |
| CapMan Plc (Business ID 0922445-7) | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| A share | 0 | 0.00% | 0 | 0.00% |
| B share | 0 | 0.00% | 0 | 0.00% |
| In total | 0 | 0.00% | 0 | 0.00% |
| 5. Holdings after share trade | ||||
| Kaupthing hf. | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| A share | 900,000 | 5.88% | 9,000,000 | 38.43% |
| B share | 792,159 | 5.17% | 792,159 | 3.38% |
| In total | 1,692,159 | 11.05% | 9,792,159 | 41.81% |
| CapMan Plc | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| A share | 0 | 0.00% | 0 | 0.00% |
| B share | 3,321,817 | 21.69% | 3,321,817 | 14.19% |
| In total | 3,321,817 | 21.69% | 3,321,817 | 14.19% |
| 6. Agreements or arrangements that, if realised, would result in the acquisition or disposal of shares or voting rights | ||||
| Kaupthing hf. | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| B share (share classes combined) | -1,072,159 | -7.00% | -1,072,159 | -7.00% |
| In total | -1,072,159 | -7.00% | -1,072,159 | -7.00% |
| CapMan Plc | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| B share (share classes combined) | 1,072,159 | 7.00% | 1,072,159 | 7.00% |
| In total | 1,072,159 | 7.00% | 1,072,159 | 7.00% |
| 7. Sections 5 and 6 in total | ||||
| Kaupthing hf. | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| B share (share classes combined) | 620,000 | 4.05% | 620,000 | 4.05% |
| In total | 620,000 | 4.05% | 620,000 | 4.05% |
| CapMan Plc | ||||
| Number of shares | % of shares | Number of votes | % of votes | |
| B share (share classes combined) | 4,393,976 | 28.69% | 4,393,976 | 28.69% |
| In total | 4,393,976 | 28.69% | 4,393,976 | 28.69% |
8. Total number of shares and voting rights in the issuer as used in the calculation for the notifications Total number of shares in the target company: 15,316,560 shares
Total number of voting rights in the target company: 23,416,560 voting rights before the combination of share classes and 15,316,560 voting rights after the combination of share classes
9. Additional information on agreements and other arrangements Type of agreement or other arrangement: Crossing Put and Call options for 1,072,159 shares when share classes combined
Duration of agreement or other arrangement: 14 banking days after the publication of Norvestia’s September 2015 Net Asset Value
Intended date for exercising agreement or other arrangement: Approximately 31 October 2015
Norvestia Oyj
Juha Kasanen Managing Director Tel. +358-9-6226 380
DISTRIBUTION Nasdaq Helsinki Main media www.norvestia.fi
