HONKARAKENNE OYJ Stock Exchange Release 30 November 2016 at 5:00 p.m.
HONKARAKENNE: NOTICE PURSUANT TO THE FINNISH SECURITES MARKET ACT, CHAPTER 9, SECTION 5
Honkarakenne Oyj has received the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act:
The direct holding of Saarelainen Oy in Honkarakenne shares has decreased below 15 % of the total number of shares. The holding controlled by Saarelainen Oy under the shareholder agreement in Honkarakenne shares remains over 50 % of total voting rights of the company.
1. Identity of the issuer: Honkarakenne Oyj
2. Reason for the notification:
An acquisition of disposal of shares of voting rights
3. Details of person subject to the notification obligation:
Name: Saarelainen Oy, City and country of residence: Tuusula, Finland
5. Date on which the threshold was crossed or reached: 29 November 2016
6. Total positions of person(s) subject to the notification obligation:
% of shares % of shares Total of Total number of
and voting and voting both in % shares and
rights rights through voting
financial of issuer
instruments
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Resulting situation 12.23% - 12.23% 5211419 shares
on the date on of shares of shares
which the threshold
was crossed or 51.00% - 51.00% 10913243 votes
reached of voting of voting
rights rights
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Position of 15.9% - 15.9%
previous of shares of shares
notification
(if applicable) 57.1% 57.1%
of voting of voting
rights rights
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7. Notified details of the resulting situation on the date on which the threshold was crossed:
A. Shares and voting rights
Class/type Number of shares and % of shares and voting
of shares voting rights rights
ISINcode
--------------------------------------------------------------------------------
Direct Indirect Direct Indirect
(SMA 9:5) (SMA 9:6 and 9:7) (SMA 9:5) (SMA 9:6 and 9:7)
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HONBS shares 498299 shares 353274 shares 10.27% shares 7.19%
votes 498299 votes 353274 votes 10.27% votes 7.19%
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HONAS shares 139100 shares 96582 shares 46.35% shares 32.18%
votes 2782000 votes 1931640 votes 46.35% votes 32.18%
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A TOTAL shares: direct 637399 shares: direct 12.23%
and total 1087255 and total 20.86%
votes: direct 3280299 votes: direct 30.06%
and total 5565213 and total 51.00%
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8. Information in relation to the person subject to the notification obligation:
Name % of shares % of shares Total
abd voting and voting of both
rights rights through
financial
instruments
--------------------------------------------------------------------------------
Saarelainen Oy 12.23% of shares - 12.23% of shares
30.06% of votes - 30.06% of votes
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Saarelainen family members 8.63% of shares - 8,63% of shares included in Saarelainen 20.94% of votes - 20,94% of votes shareholder agreement
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10.Additional information:
The direct holding of Saarelainen Oy in Honkarakenne shares has decreased below 15 % of the total number of shares. The holding controlled by Saarelainen Oy under the shareholder agreement in Honkarakenne shares remains over 50 % of total voting rights of the company.
Saarelainen Oy and certain shareholders representing the Saarelainen family signed an amended shareholder agreement on 17 February 2009. The previous shareholder agreement was signed on 21 April 1990. The parties to the agreement agreed that the shareholders will strive to exercise their voting rights unanimously at company meetings. If they are unable to reach consensus, the shareholders will vote in favour of Saarelainen Oy's position.
HONKARAKENNE OYJ
Marko Saarelainen
President and CEO
FURTHER INFORMATION:
Marko Saarelainen, President and CEO, tel. +358 40 542 0254, marko.saarelainen@honka.com
DISTRIBUTION
NASDAQ OMX Helsinki
Key media
Financial Supervisory Authority
www.honka.com
