Announcement of a Change in Shareholding According to Chapter 9, Section 10 of the Finnish Securities Market Act
Sitowise Group Plc Stock Exchange Release 8 March 2022, at 11:45 a.m. (EET)
Announcement of a Change in Shareholding According to Chapter 9, Section 10 of the Finnish Securities Market Act
Sitowise Group Plc (the "Company") has on 7 March 2022 received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from The Capital Group Companies, Inc., according to which The Capital Group Companies, Inc.'s indirect holding of the shares and votes of the Company decreased below the threshold of 5 percent on 4 March 2022.
According to the notification, The Capital Group Companies, Inc. holds a total of 1,776,672 shares corresponding to 4.98 percent of the Company’s shares and votes. Neither The Capital Group Companies, Inc. nor any of its affiliates own shares of the Company for its own account. Rather, the shares reported are owned by accounts under the discretionary investment management of one or more of the investment management companies of The Capital Group Companies, Inc.
The share capital of the Company consists in aggregate of 35,665,927 shares, each share entitling to one (1) vote.
Total positions of The Capital Group Companies, Inc. according to notification:
|
|
% of shares and voting rights |
% of shares and voting rights through financial instruments (total of B) |
Total of both in % |
Total number of shares and voting rights of issuer |
|
Resulting situation on the date on which threshold was crossed or reached |
4.98% |
0.01% |
4.99% |
35,665,927 |
|
Position of previous notification (if applicable) |
5.92% |
0% |
5.92% |
34,493,874 |
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 |
Number of shares and voting rights |
% of shares and voting rights |
||
|
ISIN code (if possible) |
Direct |
Indirect |
Direct |
Indirect |
|
FI4000480215 Common Stock |
|
1,776,672 |
|
4.98% |
|
SUBTOTAL A |
1,776,672 |
4.98% |
||
B: Financial instruments according to the Finnish Securities Market Act, Chapter 9, Section 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 |
|
Rights to recall lent shares of Common Stock |
N/A |
N/A |
Physical settlement |
3,100 |
0.01% |
|
|
|
|
SUBTOTAL B |
3,100 |
0.01% |
Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the shares, voting rights or financial instruments are effectively held (starting with the ultimate controlling natural person or legal entity):
|
Name |
% of shares and voting rights |
% of shares and voting rights through financial instruments |
Total of both |
|
Capital Research and Management Company |
below 5% |
below 5% |
below 5% |
Additional information
Minttu Vilander, Chief Communications and Corporate Responsibility Officer, minttu.vilander@sitowise.com, m +358 40 575 6660
About Sitowise
Sitowise is a Nordic specialist and digital expert in the built environment. We offer design and consulting services for smarter and more sustainable urban development as well as smooth transportation. We operate in three business areas in Finland and Sweden: real estate and buildings, infrastructure, and digital solutions.
We want to raise the bar of being smart and sustainable, which is why our vision is to be the most responsible partner in developing a prosperous living environment. Sitowise has grown rapidly and profitably in the past years. The group’s net sales were EUR 179 million in 2021 and the company employs over 2,000 experts. Sitowise Group Plc is listed on Nasdaq Helsinki as SITOWS. www.sitowise.com