Marathon Asset Management LLP's indirect holdings in Tikkurila below 5.0 percent
Notice pursuant to the Finnish Securities Markets Act, Chapter 9, Section 10: Marathon Asset Management LLP's indirect holdings in Tikkurila below 5.0 percent
Tikkurila Oyj, Stock Exchange Release, 15 October 2020, at 10:30 a.m. (EST)
Tikkurila Oyj (business ID 0197067-4) has received a notification from Marathon Asset Management LLP on 14 October 2020 that the holding of the funds and accounts managed by portfolio managers under the control of Marathon Asset Management LLP in shares of Tikkurila Oyj has on 13 October 2020 decreased below the 1/20 (5%) threshold.
According to the notification, the holdings of the above-mentioned entities in Tikkurila Oyj amount to a total of 2,018,006 shares, which corresponds to 4.58 percent of the total amount of shares and voting rights.
The shares referred to in this disclosure correspond to a number of funds and accounts managed by portfolio managers under the control of Marathon Asset Management LLP. The provided breakdown of holdings refers to the total number of shares in Tikkurila Oyj controlled by Marathon Asset Management LLP but the firm only has authority to vote in connection with 1,660,007 shares.
Breakdown of holdings
Bank of New York Mellon – 588,239
Brown Brothers Harriman – 111,856
JP Morgan – 94,479
Northern Trust – 790,523
State Street Bank & Trust Company, Boston – 432,909
Total – 2,018,006
The percentages of shares and voting rights have been calculated in proportion to the total number of shares registered with the Trade Register and the total number of voting rights related to them. The share capital of Tikkurila Oyj is EUR 35,000,000.00 and it is divided into 44,108,252 shares. The company has one series of shares, and each share entitles to one voting right.
For further information, please contact:
Head of Investor Relations
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in eleven countries and our 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2019, our revenue totaled EUR 564 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.