Sitowise Group Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
Stock Exchange Release 27 August 2021, at 10:10 a.m. (EEST)
Sitowise Group Plc (the "Company") has today received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from Försäkringsaktiebolaget Avanza Pension, according to which Försäkringsaktiebolaget Avanza Pension indirect holding of the shares and votes of the Company increased above the threshold of 5 percent on 25 August 2021.
According to the notification, The Capital Group Companies, Inc. holds a total of 1,960,089 shares corresponding to 5.53 percent of the Company’s shares and votes. Försäkringsaktiebolaget Avanza Pension is a fully owned subsidiary of Avanza Bank Holding AB (publ). It is underlying policy takers who have acquired the shares.
The share capital of the Company consists in aggregate of 35,415,927 shares, each share entitling to one (1) vote.
Total positions of Försäkringsaktiebolaget Avanza Pension according to 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 | 5.53% | 0% | 5.53% | 35,415,927 |
| Position of previous notification (if applicable) | N/A | 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 | Number of shares and voting rights | % of shares and voting rights | ||
| ISIN code (if possible) | Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
| FI4000480215 | 0 | 1,960,089 | 0 | 5.53% |
| SUBTOTAL A | 1,960,089 | 5.53% | ||
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 |
| N/A | |||||
| SUBTOTAL B |
Information in relation to the person subject to the notification obligation:
Information in relation to the person subject to the notification obligation:
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
Further enquiries
Minttu Vilander, Chief Communications and Corporate Responsibility Officer, Sitowise Group Plc, tel. +358 40 575 6660
Information about Sitowise
Sitowise is a Nordic expert in the built environment that offers sustainable design and consulting services. Sitowise operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in the following areas: Buildings, Infrastructure and Digital Solutions. Sitowise’s operations are primarily in Finland and Sweden, and it also has competence centers in Estonia and Latvia mainly serving Sitowise’s projects in Finland and Sweden. The Company’s net sales was approximately EUR 160 million in 2020 and the company employs about 2,000 experts.