Disclosure of change in ownership in compliance with Chapter 9, Section 10 of the Finnish Securities Markets Act

Kesko Corporation has on 30 August 2019 received a notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act from K-Retailers’ Association.

According to the notification, on 30 August 2019 K-Retailers’ Association’s holding in Kesko Corporation exceeded the threshold of five (5) per cent for shares. The last time
K-Retailers’ Association issued a flagging notification regarding its holdings was on 23 December 2015, when its holding in Kesko Corporation rose above 10 per cent for voting rights.
 

Total position of K-Retailers’ Association subject to the notification: 

% of shares and voting rights   % of shares and voting rights through financial instruments     % of total  Total number of shares and voting rights in issuer  
Resulting situation on the date on which the threshold was crossed or reached   5.03% of shares 
13.04% of voting rights 
5.03% of shares
13.04% of voting rights
 
100,019,752 shares 
385,652,815 voting rights 
Position of previous flagging notification (if applicable)  
3.88% of shares 
10.05% of voting rights  
3.88% of shares 10.05% of voting rights 

Notified details of the resulting situation on the date on which the threshold was crossed or reached: 

  1. 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)
 
KESKOA FI0009007900  5,029,728 shares 
50,297,280 voting rights 
5.03% of shares 
13.04% of voting rights 
SUBTOTAL   5,029,728 shares 
50,297,280 voting rights 
5.03% of shares 
13.04% of voting rights 

K-Retailers' Association has stated that the combined holding of K-Retailers' Association, K-ruokakauppiasyhdistys ry, K-rautakauppiasyhdistys ry, K-kauppiasliiton erikoiskauppiasyhdistys ry, and Vähittäiskaupan Ammattikasvatussäätiö sr in Kesko Corporation is 7.01% for shares and 18.18% for voting rights. On 7 February 2017, the aforementioned entities issued a flagging notification stating that their combined voting rights in respect of shares in Kesko Corporation had risen above 15 per cent. Kesko Corporation also notes that on 28 October 2010 the aforementioned entities issued a flagging notification stating that their combined holding of shares in Kesko Corporation had risen above 5 per cent.  

Full chain of controlled undertakings through which the shares, voting rights or financial instruments are effectively held: 

Name  % of shares and voting rights  % of shares and voting rights through financial instruments  Total shares, voting rights and financial instruments 
K-ruokakauppiasyhdistys ry  Less than 5% of shares 
Less than 5% of voting rights 
Less than 5% of shares 
Less than 5% of voting rights 
K-rautakauppiasyhdistys ry  Less than 5% of shares 
Less than 5% of voting rights 
Less than 5% of shares 
Less than 5% of voting rights 
K-kauppiasliiton erikoiskauppiasyhdistys ry  Less than 5% of shares 
Less than 5% of voting rights 
Less than 5% of shares 
Less than 5% of voting rights 
Vähittäiskaupan Ammattikasvatussäätiö sr  Less than 5% of shares 
Less than 5% of voting rights 
Less than 5% of shares 
Less than 5% of voting rights 

Further information is available from Mika Majoinen, EVP, Group General Counsel, tel. +358 105 322 206. 

Kesko Corporation 

DISTRIBUTION
Nasdaq Helsinki Ltd
Main news media

www.kesko.fi 

Subscribe

Documents & Links