CORRECTION: Notification pursuant to Chapter 9, section 5 of the Securities Markets Act
Componenta Corporation Stock Exchange Release 20.8.2014 at 19.45
Correction to the flagging notification published on 15 August 2014 concerning the change in Keskinäinen Eläkevakuutusyhtiö Ilmarinen’s holding
Unlike the stock exchange release on 15 August 2014 announced, Keskinäinen Eläkevakuutusyhtiö Ilmarinen’s holding in Componenta Corporation has not yet exceeded the 5 per cent limit, but will exceed as a result of the arrangement which if realized will lead into a situation where the flagging notification limit is exceeded.
Below is the corrected stock exchange release:
Notification pursuant to Chapter 9, section 5 of the Securities Markets Act
Componenta Corporation (Business ID 1635451-6) has on 15 August 2014 received the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act, according to which Keskinäinen Henkivakuutusyhtiö Ilmarinen’s holding of shares and voting rights of Componenta Corporation will exceed 5% as a result of the arrangement which if realized will lead into a situation where the flagging notification limit is exceeded.
According to the notification Keskinäinen Eläkevakuutusyhtiö Ilmarinen’s holding will increase to 3,000,000 shares corresponding to 6.78% of total amount of shares and votes of Componenta Corporation in the Componenta Share Issue directed to a limited group of selected investors (Private Placement) on 15 August 2014.
Amount of Componenta Corporation shares and votes on 15 August 2014 prior to the share issue was 29,269,224. In the share issue of Componenta a maximum total of 15,000,000 new shares were offered to a limited group of selected investors on 15 August 2014. Holding of Keskinäinen Eläkevakuutusyhtiö Ilmarinen has been calculated using 44,269,224 as a total number of shares after the share issue.
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Componenta is a metal sector company with international operations and production plants located in Finland, Turkey, the Netherlands and Sweden. The net sales of Componenta were EUR 511 million in 2013 and its share is listed on the NASDAQ OMX Helsinki. The Group employs approx. 4,400 people. Componenta specializes in supplying cast and machined components and total solutions made of them to its global customers, who are manufacturers of vehicles, machines and equipment.