Sand Grove Capital Management’s holding in Tikkurila increased to 5.06 percent

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Tikkurila Oyj
Major Shareholders Announcement
19 January 2021 at 5.40 p.m. (EET)

Tikkurila Oyj (business ID 0197067-4) has on January 19, 2021, received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 10, from Sand Grove Capital Management LLP.

The holding of the funds and accounts managed by Sand Grove Capital Management in the shares of Tikkurila Oyj has increased above the 5% threshold, and is now 5.06 percent, after Sand Grove Capital Management increased its holding in Tikkurila Oyj by 2,230,000 shares due to the trades executed on January 18, 2021.

Full name of shareholders:

Sand Grove Opportunities Master Fund Ltd.
Sand Grove Tactical Fund LP
Investment Opportunities 2 Segregated Portfolio

Following the announcement, the total holdings of Sand Grove Capital Management LLP in Tikkurila Oyj amount to 2,230,000 shares, which corresponds to 5.06 percent of Tikkurila’s total amount of shares and voting rights.

Tikkurila Oyj
Sanna Lehti
General Counsel


For additional information, please contact: 

Sanna Lehti, General Counsel
tel. +358 40 5111757

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 2,700 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.