Notification of the holdings of PPG Industries, Inc.
Tikkurila Oyj
Major Shareholder Announcement
11 June 2021 at 11.35 a.m. (EEST)
Tikkurila Oyj (business ID 0197067-4) (“Tikkurila”) has on 10 June 2021 received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 10, from PPG Industries, Inc.
Following the trades executed on June 10, 2021 the total holdings by PPG Industries, Inc.(entity number 284424) in the shares of Tikkurila (FI400008719) have increased to 97.1 percent.
Date on which the threshold was crossed or reached:
June 10, 2021
PPG Industries, Inc.’s position according to their notification:
Total positions of person(s) subject to the notification obligation:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (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 | 97.1% | 97.1% | 44,108,252 | |
| Position of previous notification | 9.32% | 9.32% |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
|
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI4000008719 | 42,823,852 | 0 | 97.1% | 0 |
| SUBTOTAL A | 42,823,852 | 97.1% |
This notification is made to inform that on June 10, 2021 upon the completion of its previously announced voluntary public cash tender offer to acquire all of the issued and outstanding shares in Tikkurila Oyj, PPG Industries Inc’s ownership of Tikkurila Oyj’s shares has increased to 97.1%.
Tikkurila Oyj
Sanna Lehti
General Counsel
For additional information, please contact:
Sanna Lehti, General Counsel
tel. +358 40 5111757
sanna.lehti@tikkurila.com
Sustainable Nordicness
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 seven countries and our 2,400 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2020, our revenue totaled EUR 582 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.
www.tikkurilagroup.com