Notification in accordance with the Finnish Securities Markets Act chapter 9 § 5: Morgan Stanley decreased its indirect holding in Sanitec Corporation
Morgan Stanley has informed Sanitec Corporation (“Sanitec”) that its indirect ownership in Sanitec has decreased below the threshold of 5.0% of Sanitec’s shares and votes on 10 February 2015 due to the recent Geberit tender offer.
Sanitec Corporation has currently 100,000,000 registered shares, each share entitling to one vote at the general meeting of shareholders.
For additional information, please contact:
Head of Investor Relations
mob. 46 76 855 7836
Head of Corporate Communications
tel. 358 10 662 5426
The information in this press release shall be released by Sanitec in accordance with the Swedish and Finnish securities markets law. The information was handed in for publication on 12 February 2015 at 20:10 CET/ 21:10 EET.
About Sanitec – “Home of the Bathroom”
Sanitec is the leader in bathroom ceramics in Europe. We have a unique portfolio of some of the most well-known brands with deep roots in the European fixtures markets, strategically positioned to address local markets. We care passionately about people’s needs when it comes to complete bathroom concepts, providing products that stand for guaranteed quality, high level of innovation and attractive design. Stable relationships with key stakeholders in the value chain and our unique brand strengths foster our leading position as well as the loyalty and trust amongst our customers, our network of installers and the end users of our products.
Sanitec operates an integrated European group with an unparalleled local presence to provide the best value when it comes to bathroom products. In 2013 net sales amounted to EUR 702 million. Our production network includes 18 production facilities throughout Europe and currently Sanitec employs approximately 6,200 people. Our head office is located in Helsinki, Finland. The shares in Sanitec Corporation are traded on NASDAQ Stockholm under the symbol “SNTC”.
For more information about Sanitec, please visit www.sanitec.com.