Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Valmet Corporation’s holding in Neles
Neles Corporation, Stock exchange release on September 8, 2020 at 1:15 p.m. EEST
Neles Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about a change in the holding of Valmet Corporation total number of shares of Neles Corporation.
On September 7, 2020, Valmet Corporation's total holding in Neles shares and in financial instruments entitling to shares exceeded the 25 percent threshold and amounted to 37,755,145 shares, or 25.11 percent of Neles’ shares and votes. Neles’ total number of shares and voting rights is 150,348,256.
Valmet Corporation’s holdings according to the notification:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (B) | Total of both in % (A + B) |
|
| Resulting situation on the date on which the threshold was reached | 24.70% | 0.41% | 25.11% |
| Position of previous notification | 21.11% | - | 21.11% |
|
A: Shares and voting rights |
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| Number of shares and voting rights | % of shares and voting rights | |||
| ISIN Code | Direct (SMA 9:5) | Indirect (SMA 9:6 and 7) | Direct(SMA 9:5) | Indirect(SMA 9:6 and 7) |
| FI4000440664 | 37 135 145 | - | 24.70% | - |
| SUBTOTAL A | 37 135 145 | 24.70% | ||
|
B: Financial Instruments according to SMA 9:6a |
|||||
| Type of financial instrument | Expiration date | Exercise Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Forward contract | N/A | N/A | Share delivery / net value account | 620 000 | 0.41% |
| SUBTOTAL B | 620 000 | 0.41% | |||
Neles Corporation
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Nasdaq Helsinki
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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.