Rapala VMC Corporation Notifies Share Ownership Changes
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Rapala VMC Corporation Reports Share Ownership Changes
Rapala VMC Corporation has officially notified of a significant change in share ownership, following a declaration from Sycamore Partners Management, L.P.
Details of Share Ownership Notification
According to the announcement received, the aggregate ownership of Cermak Road LLC in Rapala VMC Corporation's shares (ISIN: FI0009007355) has decreased below the fifteen percent threshold as of August 28, 2024.
Summary of Resulting Ownership Situation
The notification outlines the total positions held by the individuals affected, detailing their shares and voting rights.
Total Position Overview
The resulting situation on the date the threshold was crossed is as follows:
- 14.09% of shares held directly
- No shares through financial instruments
- Total shares and voting rights amount to 39 million
Previous Ownership Comparison
In comparison to the previous notification, which indicated a 19.23% ownership, this represents a notable decrease.
Details of the Notification
The notification specifies the details regarding shares and voting rights for various classes of shares. There is no financial instrument involvement according to the applicable regulations.
Chain of Control Information
Further elaboration is made on who holds the voting rights through the chain of ownership. Significant stakeholders include:
- Sycamore Partners Management, L.P.- 0% shares
- Sycamore Partners III, L.P.- 0% shares
- Cermak Road LLC- 14.09% shares
Understanding the Impact
This change in ownership may have several implications for Rapala VMC Corporation moving forward, especially in governance and strategic direction.
About Rapala VMC Corporation
Rapala VMC is regarded as the world’s leading fishing tackle company renowned for its extensive distribution network. The company holds a significant market share in fishing lures, treble hooks, and related tools. Manufacturing operations are established in Finland, France, Estonia, and the UK.
The brand portfolio is impressive, including industry giants such as Rapala, VMC, Sufix, and others, with 2023 net sales reported at EUR 222 million and a workforce of approximately 1,400 employees spread across 40 countries. The shares of Rapala VMC Corporation are traded on the Nasdaq Helsinki since 1998, under the ticker Helsinki:RAP1V.
Contact Information
If you require further insight or inquiries regarding this announcement, please reach out to:
Rapala VMC Corporation
Lars Ollberg, President and Chief Executive Officer
For additional information, please contact: Tuomo Leino, Investor Relations (tel. +358 9 7562 540)
Frequently Asked Questions
What is the significance of the share ownership change?
The change indicates a shift in control and voting influence within Rapala VMC Corporation, which may affect corporate decision-making.
Who notified Rapala VMC of this share change?
The notification was made by Sycamore Partners Management, L.P.
What percentage of shares does Cermak Road LLC currently hold?
Cermak Road LLC currently holds 14.09% of shares in Rapala VMC Corporation.
Are there any financial instruments involved in this notification?
No financial instruments have been notified as part of this change.
Where can I find more information about Rapala VMC Corporation?
Additional information can be accessed by contacting their Investor Relations or visiting their official website.
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