Notification according to chapter 9, section 5 and 6 of the Securities Market Act: BlackRock Inc.’s holding in Neles
Neles Corporation, Stock exchange release on September 25, 2020 at 10:30 a.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 mutual funds managed by BlackRock, Inc. of the total amount of shares and financial instruments entitling to shares of Neles Corporation.
On September 23, 2020, BlackRock, Inc.'s total holding in Neles shares and in financial instruments entitling to shares exceeded 5 percent. Neles’ total number of shares and voting rights is 150,348,256.
BlackRock Inc.’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)
|Resulting situation on the date on which the threshold was reached||5.10%||0.00%||5.11%|
|Position of previous notification||Below 5%||N/A||Below 5%|
7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
(SMA 9:6 and 7)
(SMA 9:6 and 7)
|Number of shares and voting rights||% of shares and voting rights|
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|
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.