Flagging notification in accordance with chapter 9, section 10 of the Securities Markets Act – Pertti Laine's indirect holding of the shares of NoHo Partners Plc has exceeded the 10% threshold
NoHo Partners Plc
STOCK EXCHANGE RELEASE 13 May 2022 at 17:50
Flagging notification in accordance with chapter 9, section 10 of the Securities Markets Act – Pertti Laine's indirect holding of the shares of NoHo Partners Plc has exceeded the 10% threshold
NoHo Partners Plc (Business ID 1952494-7) has on 13 May 2022 received a flagging notification in accordance with chapter 9, section 5 of the Securities Markets Act (AML), according to which Pertti Laine’s indirect holding of the shares and votes in the Company is 6.65% and indirect holding through financial instruments in accordance with chapter 9, section 6 a of the Act amending the Securities Markets Act is 3.73%. The shares and financial instruments are owned by Veikko Laine Oy (Business ID 0110592-0), which is controlled by Pertti Laine.
The flagging notification was due to an arrangement whereby Veikko Laine Oy obtained a loan with a right to conversion from Finnish Industry Investment Ltd (Tesi) and converted it into new shares of NoHo Partners Plc by subscribing the shares on the basis of special rights.
As a result of the arrangement, the total holding of Pertti Laine consisting of the holding of the shares and votes and indirect holding through financial instruments exceeded the 10% threshold.
Pertti Laine holds 20% of the shares and 83.33% of the votes in Veikko Laine Oy.
Veikko Laine Oy’s holding according to the notification:
| % of shares and votes | % of shares and votes through financial instruments | Total % | Total number of shares and votes in the target company | |
| Holding after reaching or exceeding the flagging notification threshold | 6.65% | 3.73% | 10.38% | 19,262,773 |
| Holding reported in the previous flagging notification (if flagged) | 5.01% | 5.01% |
Information on the share of ownership and voting rights after the exceeding of the flagging notification threshold:
A: Shares and votes
| Series of shares/share type | Number of shares and votes | % of shares and votes | ||
| Direct (AML 9:5) | Indirect (AML 9:6 and 9:7) | Direct (AML 9:5) | Indirect (AML 9:6 and 9:7) | |
| FI4000064332 | 0 | 1,281,433 | 0% | 6.65% |
| A Total | 1,281,433 | 6.65% | ||
B: Financial instruments within the meaning of chapter 9, section 6 a of the Act amending the Securities Markets Act
| Nature of the financial instrument | Due date | Execution period | Delivery method (delivery of shares/settlement of net value) | Number of shares and votes | % of shares and votes |
| Special right entitling to shares | 31 May 2022 | 30 November 2021–31 May 2022 | Share delivery | 850,000 | 3.73% |
| B Total | 850,000 | 3.73% |
Details of the party obligated to submit the flagging notification:
The entire chain of control (starting from the controlling natural or legal person) through which the shares, voting rights or financial instruments are controlled:
| Name | % of shares and votes | % of shares and votes through financial instruments | Total shares, votes and financial instruments |
| Pertti Laine | 0 | 0 | 0 |
| Veikko Laine Oy | 6.65% | 3.73% | 10.38% |
NoHo Partners Plc's share capital consists of a total of 19,262,773 shares and votes. The Company has one series of shares and each share provides entitlement to one vote.
More information is available from:
Jarno Suominen, Deputy CEO, NoHo Partners Plc, tel. +358 40 721 5655
Distribution:
Nasdaq Helsinki
Major media
www.noho.fi/en
NoHo Partners Plc is a Finnish group established in 1996, specialising in restaurant services. The company, which was listed on NASDAQ Helsinki in 2013 and became the first Finnish listed restaurant company, has continued to grow strongly throughout its history. The Group companies include some 250 restaurants in Finland, Denmark and Norway. The well-known restaurant concepts of the company include Elite, Savoy, Teatteri, Stefan’s Steakhouse, Palace, Löyly, Hanko Sushi, Friends & Brgrs, Campingen and Cock’s & Cows. Depending on the season, the Group employs approximately 2,100 people converted into full-time employees. The Group aims to achieve turnover of MEUR 400 by the end of 2024. The company’s vision is to be the leading restaurant company in Northern Europe.