Exel Composites Plc: Flagging notification in accordance with the Finnish Securities Market Act Chapter 9 Section 5 regarding change in shareholdings
EXEL COMPOSITES PLC STOCK EXCHANGE RELEASE 2 NOVEMBER 2016 at 15.30 EET
Exel Composites Plc: Flagging notification in accordance with the Finnish Securities Market Act Chapter 9 Section 5 regarding change in shareholdings
Exel Composites Plc has on 2 November 2016 received a disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which the direct holding of SEB Investment Management AB exceeds 5% of the voting rights and share capital in Exel Composites Plc.
According to the notification, on 2 November SEB’s fund company in Luxembourg turns into a branch of SEB’s Swedish fund company, SEB Investment Management AB. This means holdings that were previously disclosed to financial supervisory authorities separately for each fund company, will hereinafter be disclosed solely by SEB Investment Management AB. Due to the new branch structure, more disclosures than usual will occur in the beginning of November, when the holdings are added together. Thus, it is a consequence of the new branch structure, and not the result of active investment decisions.
On 2 November 2016 the total holding of SEB Investment Management AB amounts to 1,020,300 shares representing 8.58% of the shares and voting rights of Exel Composites.
Exel Composites has a total of 11,896,843 shares. There is only one class of shares, each share entitling one vote.
Vantaa, 2 November 2016
Exel Composites Plc
Mikko Kettunen
CFO
For further information, please contact:
Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com
Distribution
Nasdaq Helsinki Ltd
Main news media
www.exelcomposites.com
Exel Composites in brief
Exel Composites (www.exelcomposites.com) is a leading composite technology company that designs, manufactures and markets composite products and solutions for demanding applications. Exel Composites provides superior customer experience through continuous innovation, world-class operations and long-term partnerships.
The core of the operations is based on own, internally developed composite technology, product range based on it and strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel’s expertise and high level of technology play a major role in Exel Composites’ operations. Exel Composites Plc share is listed in Nasdaq Helsinki Ltd.