Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Société Générale SA (SG SA)’s holding in Neles
Neles Corporation, Stock exchange release on July 24, 2020 at 15:30 EEST
Neles Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, from Société Générale SA (SG SA) that on July 21, 2020, their total holding in Neles shares and financial instruments exceeded 5 percent. Neles’ total number of shares and voting rights is 150,348,256.Société Générale SA (SG SA)’s position according to their notification:
| 6. Total positions of person(s) subject to the notification obligation: | ||||
| % of shares and voting rights (total of 7.A) |
% of shares and voting rights through financial instruments (total of 7.B) |
Total of both in % (7.A + 7.B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 0.06% | 5.01% | 5.07% | 150,348,256 |
| Position of previous notification (if applicable) | N/A | N/A | N/A | |
|
7. Notified details of the resulting situation on the date on which the threshold was crossed or reached: |
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| A: Shares and voting rights | |||||||||
| Class/type of shares ISIN code (if possible) |
Number of shares and voting rights | % of shares and voting rights | |||||||
| Direct(SMA 9:5) | Indirect(SMA 9:6 and 9:7) | Direct(SMA 9:5) | Indirect(SMA 9:6 and 9:7) | ||||||
| FI4000440664 | 89,364 | - | 0.06% | - | |||||
| SUBTOTAL A | 89,364 | 0.06% | |||||||
| B: Financial Instruments according to SMA 9:6a | |||||||||
| Type of financial instrument | Expiration date |
Exercise/ Conversion Period |
Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights | ||||
| Right to recall lent securities | N/A | N/A | Physical | 850,730 | 0.57% | ||||
| OTC Call Option on Basket | 03/01/2033 | Until 03/01/2033 | Cash | 900,000 | 0.60% | ||||
| Certificate | 03/01/2033 | Until 03/01/2033 | Cash | 599,934 | 0.40% | ||||
| Contract For Difference | N/A | N/A | Cash | 21,344 | 0.01% | ||||
| Equity Linked Swap | 17/08/2020 | 17/08/2020 | Cash | 139,754 | 0.09% | ||||
| Listed Call Option | 03/01/2033 | Until 03/01/2033 | Cash | 2,060,800 | 1.37% | ||||
| Listed Call Warrant | 03/01/2033 | Until 03/01/2033 | Cash | 2,960,285 | 1.97% | ||||
| SUBTOTAL B | 7,532,847 | 5.01% | |||||||
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
|
Name |
% of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Societe Generale S.A. | 0.06% | 3.04% | 3.10% |
| Societe Generale Effekten Gmbh | 0% | 1.97% | 1.97% |
Neles Corporation
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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.