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Disclosure notification in compliance with Chapter 2, Section 10 of the Securities Market Act

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PONSSE PLC, STOCK EXCHANGE RELEASE, 24 MARCH 2011

Disclosure notification in compliance with Chapter 2, Section 10 of the Securities Market Act

According to the notification received by us, of the 13,348,074 Ponsse Plc shares and 47.67 per cent of the votes held by the estate of Einari Vidgrén, 13,348,074 shares and 47.67 per cent of the votes were in the distribution of estate transferred to the ownership and control of the direct heirs of Einari Vidgrén. As a result of the distribution of estate on 23 March 2011, the share held by the estate of Einari Vidgrén of the shares of Ponsse Plc and voting rights has been reduced to below 1/20, and the share held by the direct heirs of Einari Vidgrén of the Ponsse Plc shares and voting rights has increased to 1/10.  

The Ponsse Plc shares owned and controlled by Einari Vidgrén’s estate were in the distribution of estate divided equally between his four direct heirs, so that after the distribution the direct heirs of Einari Vidgrén hold the following portions of the shares and voting rights of Ponsse Plc:

Janne Vidgrén
- 3,691,742 shares, 13.18 per cent of shares and voting rights
- earlier ownership: 354,724 shares, 1.27 per cent of voting rights

Juha Vidgrén
- 6,205,018 shares, 22.16 per cent of shares and voting rights
- earlier ownership: 2,868,000 shares, 10.24 per cent of voting rights

Jarmo Vidgrén
- 3,679,938 shares, 13.14 per cent of shares and voting rights
- earlier ownership: 342 920 shares, 1.22 per cent of voting rights

Jukka Vidgrén
- 3,764,778 shares, 13.45 per cent of shares and voting rights
- earlier ownership: 427,760 shares, 1.53 per cent of voting rights
 

The registered share capital of Ponsse Plc consists of 28,000,000 shares.

Janne Vidgrén is employed by Ponsse Plc as a Area Director, Juha Vidgrén as Chairman of the Board of Ponsse Plc and Jarmo Vidgrén as the Sales and Marketing Director of Ponsse Plc and as the Deputy to the CEO. Jukka Vidgrén works in the media industry, and he has been proposed for a member of the Board of Ponsse Plc. The Board of Directors of Ponsse Plc will be elected in the AGM on 12 April 2011.

Vieremä, 24 March 2011       

PONSSE PLC 

Petri Härkönen

CFO

 

FURTHER INFORMATION:
CFO Petri Härkönen, Ponsse Plc, tel. +358 20 768 8608 or mobile +358 50 409 8362

DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Principal media
www.ponsse.com  

 

Ponsse Plc is a company specialising in the sales, manufacture, servicing and technology of cut-to-length method forest machines and is driven by genuine interest in its customers and their business. Ponsse develops and manufactures sustainable and innovative harvesting solutions based on customers’ needs.                                                                    

The company was established by forest machine entrepreneur Einari Vidgrén in 1970, and it has been a leader in timber harvesting solutions based on the cut-to-length method ever since. Ponsse is headquartered in Vieremä, Finland. The company’s shares are quoted on the NASDAQ OMX Nordic List.

 

  

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