Stock Exchange Release 20 June 2017, at 12 a.m.
Silmäasema Oyj (the "Company") has today received a notification from Intera Fund II Ky ("Intera"), according to which Intera's direct holding in the Company totals 2,375,950 shares and votes (amounting to 16.67 percent of all the shares and votes in the Company) and Intera's holding through financial instruments has decreased below the threshold of 5 percent. The change is due to a share lending agreement signed by Intera and Nordea Bank AB (publ), Finnish Branch ("Nordea") on 9 June 2017, according to which Intera committed to lend 1,229,858 existing shares in the Company to Nordea. Nordea has notified Intera on 20 June 2017 that it will fully utilize the option, described in the Company's Listing Prospectus dated 26 May 2017, to purchase shares from Intera in the amount corresponding to the shares lent by Intera to Nordea (1,229,858 shares) in order to cover over-allotments. As a result, Intera's direct holding in the Company totals 2,375,950 shares and votes (amounting to 16.67 percent of all the shares and votes in the Company) and Intera's holding through financial instruments has decreased to zero, i.e. below the threshold of 5 percent.
Total positions of Intera Fund II Ky:
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A + B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 16.67% | N/A | 16.67% | 14,248,805 |
| Position of previous notification (if applicable) | 35.03% | 8.63% | 43.66% |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Class/type of shares | Number of shares and voting rights | % of shares and voting rights | ||
| Direct | Indirect | Direct | Indirect | |
| ISIN code (if possible) | (SMA 9:5) | (SMA 9:6 and 9:7) | (SMA 9:5) | (SMA 9:6 and 9:7) |
| FI4000243399 | 2,375,950 | N/A | 16.67% | N/A |
| SUBTOTAL A | 2,375,950 | 16.67% | ||
Intera Fund II Ky ("Intera") notified Silmäasema Oyj (the "Company") on 12 June 2017 that Intera's holding of the Company's shares and votes decreased to 35.03 percent (a total of 4,991,582 shares and votes) and Intera's holding through financial instruments exceeded the threshold of 5 percent on 9 June 2017 (a total of 1,229,858 shares and votes). The change was due to a share lending agreement signed by Intera and Nordea Bank AB (publ), Finnish Branch ("Nordea") in connection with the Initial Public Offering of the Company on 9 June 2017, according to which Intera committed on 9 June 2017 to lend 1,229,858 existing shares in the Company to Nordea. The share lending did not affect Intera's aggregate total holding, which was 6,221,440 shares before the entry into the above-mentioned share lending agreement.
After the listing on 14 June 2017 the Company announced via stock exchange release the information of the ten largest shareholders before and after the listing. The stock exchange release reveals that Intera resold in connection with the Initial Public Offering a total of 2,615,632 shares in the Company (the shares were delivered 13 June 2017), in account of which intera's holding in the Company totaled 3,605,808 shares, of which Intera's direct holding totaled 2,375,950 shares and votes and holding through financial instruments (the share lending agreement) totaled 1,229,858 shares and votes.
Nordea has notified Intera on 20 June 2017 that it will fully utilize the option, described in the Company's Listing Prospectus dated 26 May 2017, to purchase shares from Intera in the amount corresponding to the shares lent by Intera to Nordea (1,229,858 shares) in order to cover over-allotments. As a result, Intera's direct holding in the Company totals 2,375,950 shares and votes (amounting to 16.67 percent of all the shares and votes in the Company) and Intera's holding through financial instruments has decreased to zero, i.e. below the threshold of 5 percent.
Additional information:
Pasi Kohmo, CEO, Silmäasema, +358 50 331 7015, pasi.kohmo@silmaasema.fi
Kati Räihä, Director, Marketing and Communications, Silmäasema, +358 50 416 6764, kati.raiha@silmaasema.fi
Silmäasema in brief
Silmäasema is a Finnish company, which offers all products and services for optical retail and eye healthcare nationwide. Silmäasema is the largest private eye clinic provider offering eye surgeries and the second largest optical retail chain with 25.3 per cent market share. The Silmäasema chain has 148 stores and 13 eye clinics as well as eight stores in Estonia. The Silmäasema chain employs close to 1,000 eye healthcare professionals. In 2016, the Silmäasema chain conducted around 210,000 optician's eye examinations, 190,000 ophthalmologist's appointments and over 15,000 cataract and refractive surgeries. Silmäasema's Group net sales were 101.3 million euros in 2016 and adjusted EBITDA was 12.0 million euros.
