Pihlajalinna Plc: Flagging notification in accordance with Chapter 9, section 5 of the Securities Markets Act
Pihlajalinna Plc Stock Exchange Release 11 May 2016 at11.50
Flagging notification in accordance with Chapter 9, section 5 of the Securities Markets Act
Pihlajalinna Plc ("Pihlajalinna") has received a notification pursuant to Chapter 9, Section 5 of the Securities Markets Act from SEntica Buyout III GP Oy (business ID 2126931-6) and Sentica Buyout III Ky (business ID 2237279-6)
According to the notification, Sentica Buyout III Co-Investment Ky (business ID 2237018-4) (together referred to as the "Funds") have sold thier shares in Pihlajalinna in privately negotiated transactions (the "Share Sale Transactions"), in which the Funds sold in total 3,515,990 shares to LocalTapiola General Mutual Insurance Company, LocalTapiola Mutual Life Insurane Company and Elo Mutual Pension Insurance Company on 11.5.2016. After the transactions the Funds' ownership of the shares and the voting rights of Pihlajalinna is 0 %.
Before the transaction the Funds' ownership of the shares and the voting rights in Pihlajalinna was 17,06%. In connection with the completion of the Share Sale, Sentica Buyout III Ky's direct ownership of the shares and voting rights in Pihlajalinna fell below the 5 % threshold. According to the notification, in the same connection Sentica Buyout III GP Oy's indirect ownership through the Funds fell below the 5 % threshold of all the shares and voting rights in Pihlajalinna.
Buyout III GP Oy, which exercises the power of decision in the Funds. The investment management functions for both of the Funds have been transferred to Sentica Partners Oy based on a separate investment management agreement.
Pihlajalinna has total of 20,613,146 shares. Each share entitles its holder to one (1) vote.
Terhi Kivinen, SVP, Communications, Marketing and IR, Pihlajalinna Plc, +358 40 848 4001, email@example.com
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