Notification according to chapter 9, section 5 of the Securities Market Act: Franklin Templeton Institutional, LLC's ownership in Valmet exceeds 5 percent
Valmet Corporation's stock exchange release on October 17, 2014 at 9:45 a.m. EET
Valmet Corporation (business ID 2553019-8) has on October 16, 2014 received a notification referred to in Securities Market Act from Franklin Templeton Institutional, LLC, stating that the company's ownership and share of votes in Valmet Corporation exceeds the threshold of 5 percent (1/20).
As a result of share transactions on October 15, 2014, the holding of Franklin Templeton Institutional, LLC increased to 7,517,629 shares, representing an ownership of 5.02 percent of Valmet Corporation's total number of shares and share of votes. Previously, the holding of Franklin Templeton Institutional, LLC was below 5 percent.
Valmet Corporation has one series of shares in which each share carries one vote. The aggregate number of shares is 149,864,619.
Further information, please contact:
Hanna-Maria Heikkinen, VP, Investor Relations, Valmet Corporation, tel. +358 10 672 0007
VP, Investor Relations
Valmet Corporation is a leading global developer and supplier of services and technologies for the pulp, paper and energy industries. Our 11,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward - every day.
Valmet's services cover everything from maintenance outsourcing to mill and plant improvements and spare parts. Our strong technology offering includes entire pulp mills, tissue, board and paper production lines, as well as power plants for bio-energy production.
The company has over 200 years of industrial history and was reborn through the demerger of the pulp, paper and power businesses from Metso Group in December 2013. Valmet's net sales in 2013 were approximately EUR 2.6 billion. Valmet's objective is to become the global champion in serving its customers.
Valmet's head office is in Espoo, Finland and its shares are listed on the NASDAQ OMX Helsinki Ltd.