Notification according to chapter 9, section 5 and 6 of the Securities Market Act: Solidium Oy’s holding in Neles
Neles Corporation, Stock exchange release on July 1, 2020 at 3:15 p.m. EEST
Neles Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about ownership in Neles Corporation.
According to Solidium Oy’s notification, they have on July 1, 2020 completed a sale of their entire 14.88% stake (in total 22,374,869 shares and votes) in Neles Oyj. As a consequence of the sale, Solidium Oy's ownership of shares and votes in Neles Oyj has fallen below the 5% flagging threshold. The sale constitutes a consummation of the binding, unconditional sale and purchase agreement entered into on June 17, 2020.
Neles’ total number of shares and voting rights is 150,348,256.
Solidium Oy’s shares and voting rights 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||0||0||0|
|Position of previous notification||11.07||0||11.07|
A: Shares and voting rights
|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)|
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.