SRV Group Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act
SRV GROUP PLC STOCK EXCHANGE RELEASE 20 MAY 2020 AT 12.10 EET
SRV Group Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act
SRV Group Plc has received an announcement from Erkki Etola on 20 May 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement Erkki Etola’s indirect holding through Tiiviste-Group Oy, a company controlled by him, in SRV Group Plc has on 19 May 2020 decreased below 5 per cent of the total shares and votes in SRV Group Plc as a result of SRV Group Plc's directed share issue.
Total position of Erkki Etola subject to the notification:
|
% of shares and voting rights |
% of shares and voting rights through financial instruments | 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 | 4.63% | – | 4.63% | 131,967,970 |
| Position of previous notification (if applicable) | 10.10% | – | – |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: shares and voting rights
| Class/type of shares ISIN code (if possible) |
Number 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 |
|
| FI0009015309 | - | 6,111,821 | - | 4.63% |
| SUBTOTAL A | 6,111,821 | 4.63% | ||
Information in relation to the person subject to the notification obligation and full chain of controlled undertakings through which the voting rights or the financial instruments are held:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Erkki Etola | – | – | – |
| Tiiviste-Group Oy | 4.63% | – | 6,111,821 |
Additional information included in the flagging notification:
The share of ownership of Tiiviste-Group Oy, a company controlled by Erkki Etola, of the total amount of shares in SRV Group Plc has decreased below the notification thresholds of 10 per cent and 5 per cent.
The flagging notification describes the share of ownership of companies controlled by Erkki Etola in the target company after the obligation to notify major holdings has arisen.
Tiiviste-Group Oy is a company controlled by Erkki Etola through direct ownership (85.6 per cent).
SRV Group Plc
For further information, please contact:
Ilkka Pitkänen, CFO, tel. +358 (0)40 667 0906, ilkka.pitkanen@srv.fi
Distribution:
Nasdaq Helsinki
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SRV in brief
SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.
Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in selected growth centres in Finland and Russia. Our revenue in 2019 was EUR 1,061 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.
SRV - Building for life