Notification of the holdings of PPG Industries, Inc.
Tikkurila Oyj
Major Shareholder Announcement
11 June 2021 at 11.40 a.m. (EEST)
Tikkurila Oyj (business ID 0197067-4) (“Tikkurila”) has on 10 June 2021 received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 10, from PPG Industries, Inc. (entity number 284424)
PPG Industries, Inc.’s position according to their notification:
Full name of the shareholder(s):
PPG Finland Oy (3198773-3)
Date on which the threshold was crossed or reached:
June 10, 2021
Total positions of person(s) subject to the notification obligation:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (B) | Total of both in % (A + B) |
Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 97.1% | 97.1% | 44,108,252 | |
| Position of previous notification | 97.1% | 97.1% |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
|
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI4000008719 |
0 | 42,823,852 | 0 | 97.1% |
| Subtotal A | 42,823,852 | 97.1 % |
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
|
Name |
% of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| PPG Industries, Inc. |
0 | 0 | 0 |
| PPG Industries Securities, LLC | 0 | 0 | 0 |
PPG Luxembourg Holdings Sarl |
0 | 0 | 0 |
| PPG Coatings Singapore Pte. Ltd. | 0 | 0 | 0 |
| PPG Luxembourg Finance Sarl | 0 | 0 | 0 |
PPG Industries Europe Sárl, 0% of shares and voting rights (also through financial instruments), 0% total of both. PPG Finland Oy, 97.1% of shares and voting rights, 0% of shares and voting rights through financial instruments, 97.1% of both.
PPG Industries, Inc, and PPG Finland Oy have on 10 June 2021 entered into a share purchase agreement, pursuant to which PPG Finland Oy has acquired from PPG Industries, Inc. a total of 97.1% of Tikkurila Oyj’s shares, which were owned by PPG Industries, Inc. PPG Finland Oy has received from the Finnish Financial Supervisory Authority an exemption from the obligation to make a mandatory tender offer due to the aforementioned share transfer. This notification is made to inform about the decrease in PPG Industries, Inc.’s ownership of Tikkurila Oyj’s shares due to the aforementioned share transfer.
Tikkurila Oyj
Sanna Lehti
General Counsel
For additional information, please contact:
Sanna Lehti, General Counsel
tel. +358 40 5111757
sanna.lehti@tikkurila.com
Sustainable Nordicness
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in seven countries and our 2,400 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2020, our revenue totaled EUR 582 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.
www.tikkurilagroup.com