Neles Corporation, Stock exchange release on August 13, 2020 at 12:45 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 August 12, 2020, Valmet Corporation's direct shareholding in Neles exceeded the 20 percent threshold and amounted to 31 735 393 shares, or 21.11 percent of Neles’ shares and votes.
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||21.11%||-||21.11%|
|Position of previous notification||15.50%||-||15.50%|
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)|
|FI4000440664||31 735 393||-||21.11%||-|
|SUBTOTAL A||31 735 393||21.11%|
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.