Componenta Corporation: Notification under Chapter 9 Section 10 of the Finnish Securities Market Act
Componenta Corporation Stock Exchange Release on 6 October 2020 at 10:10
Componenta Corporation has on 5 October 2020 received the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act. According to the notification, ownership of Joensuun Kauppa ja Kone Oy controlled by Kyösti Kakkonen to shares and voting rights in Componenta Corporation has exceeded 10% on 5 October 2020.
The crossing above the notification limit is related to the change in major shareholders of Componenta Corporation, as published on 5 October 2020. In connection with this change, it was published that CapMan managed funds and Leverator Oy sold all their shares of Componenta Corporation to an investor group led by Joensuun Kauppa ja Kone Oy and Etra Capital Oy.
Total position of Kyösti Kakkonen subject to the notification:
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which the threshold was crossed or reached | 10.51% | - | 10.51% | 24,935,788 |
| Position of previous notification (if applicable) | - |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights
| Class / type of shares ISIN code | Number of shares and voting rights | % of 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) | |
| FI0009010110 | 24,935,788 | 10.51% | ||
| SUBTOTAL A | ||||
Information about notifier:
Information in relation to the person subject to the notification obligation and full chain of controlled undertakings through which the voting rights or the financial instruments are held:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both | |
| Kyösti Kakkonen | - | - | ||
| Kakkonen Yhtiöt Oy | - | - | ||
| Joensuun Kauppa ja Kone Oy | 10.51 % | 10.51 % | 24,935,788 | |
According to the notification, Kyösti Kakkonen holds 55.3% of Kakkonen Yhtiöt Oy shares, which in turn holds 100% of Joensuun Kauppa ja Kone Oy.
COMPONENTA CORPORATION
For further information, please contact:
Marko Karppinen, CFO, tel. +358 10 403 2101
Sami Sivuranta, President and CEO, tel. +358 10 403 2200
Componenta is a technology company which specializes in supplying cast and machined components to global manufacturers of vehicles, machines and equipment. The company’s share is listed on Nasdaq Helsinki.