Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc Stock Exchange Release June 22, 2020, at 11:10 a.m.
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres has received an announcement from Sprucegrove Investment Management on June 18, 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement Sprucegrove Investment Management's direct holding in Nokian Tyres shares fell below the level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on June 17, 2020. The direct shareholding of Sprucegrove Investment Management in Nokian Tyres has decreased to 6,834,616 shares, corresponding to 4.92% of Nokian Tyres’ shares and voting rights.
Total positions of Sprucegrove Investment Management's subject to the notification:
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of 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 | 4.92% | N/A | 4.92% | 138,921,750 |
| Positions of previous notification | N/A | N/A | N/A |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights:
| Class/type of shares ISIN code |
Number of shares and voting rights | Number of shares and voting rights | % 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) |
|
| FI0009005318 | 6,834,616 | 4.92% | ||
| SUBTOTAL A | 6,834,616 | 4.92% |
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument |
Expiration date | Exercise/ Conversion Period |
Physical or cash settlement |
Number of shares and voting rights |
% of shares and voting rights |
| Securities Lent | N/A | N/A | N/A | N/A | N/A |
| SUBTOTAL B | N/A | N/A |
Nokian Tyres plc
Päivi Antola
SVP, Corporate Communications and Investor Relations
Tel. +358 10 401 7327
Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com
Nokian Tyres develops and manufactures premium tires for people who value safety and sustainability. Inspired by our Scandinavian heritage, we craft innovative products for passenger cars, trucks and heavy machinery that give you peace of mind in all driving conditions. Our Vianor chain provides tire and car services. In 2019, the company’s net sales were EUR 1.6 billion and it employed some 4,700 people. Nokian Tyres is listed on Nasdaq Helsinki. Further information: www.nokiantyres.com