Pihlajalinna Oyj: Pihlajalinna Plc: Flagging announcement in accordance with Chapter 9, Section 10 of the Securities Markets Act
Pihlajalinna Plc Stock exchange release 12 May 2023 at 8:30
Pihlajalinna Plc: Flagging announcement in accordance with Chapter 9, Section 10 of the Securities Markets Act
Pihlajalinna Plc has on 11 May 2023 received a notification under Chapter 9, Section 5 of the Securities Market Act, according to which the holding of Fennia Mutual Insurance Company in Pihlajalinna Plc's shares and votes has risen above 10 per cent on 11 May 2023. The holding of Fennia Mutual Insurance Company has increased to 10.004% and 2,262,965 shares of the total of Pihlajalinna's shares and votes.
The flagging notification was due to an arrangement whereby Fennia Life (subsidiary) sold 264,000 shares to Fennia Mutual Insurance Company (parent company). As a result of the transaction, the total holding of Fennia Group (2,336,482 shares and 10.33%) of Pihlajalinna's shares and votes will not change.
Pihlajalinna has a total of 22,620,135 shares. Each share entitles its holder to one (1) vote.
Total positions of Fennia Group:
+----------------+------+-----------+------+---------------------------+
| |% of |% of shares|Total |Total number of shares and |
| |shares|and votes |% |votes in the target company|
| |and |through | | |
| |votes |financial | | |
| | |instruments| | |
+----------------+------+-----------+------+---------------------------+
|Holding after |10.33%|0% |10.33%|22,620,135 |
|reaching or | | | | |
|exceeding | | | | |
|the flagging | | | | |
|notification | | | | |
|threshold | | | | |
+----------------+------+-----------+------+---------------------------+
|Holding reported|10.02%|0% |10.02%| |
|in the previous | | | | |
|flagging | | | | |
|notification (if| | | | |
|flagged) | | | | |
+----------------+------+-----------+------+---------------------------+Information on the share of ownership and voting rights after the exceeding of the flagging notification threshold:
A: Shares and votes
+------------+---------+-------------+-------+--------------------------+
|Series of |Number of |% of |
|shares/share|shares |shares |
|type |and votes |and |
| | |votes |
+------------+---------+-------------+-------+--------------------------+
| |Direct |Indirect (AML|Direct |Indirect (AML 9:6 and 9:7)|
| |(AML 9:5)|9:6 and 9:7) |(AML | |
| | | |9:5) | |
+------------+---------+-------------+-------+--------------------------+
|FI4000092556|2,262,965|73,517 |10.004%|0.325% |
+------------+---------+-------------+-------+--------------------------+
|A Total |2,336,482 |10.33% |
+------------+---------+-------------+-------+--------------------------+Details of the party obligated to submit the flagging notification:
The entire chain of control (starting from the controlling natural or legal person) through which the shares, voting rights or financial instruments are controlled:
+-------------+----------+---------------------+-------------------+
|Name |% of |% of shares and votes|Total shares, votes|
| |shares and|through financial |and financial |
| |votes |instruments |instruments |
+-------------+----------+---------------------+-------------------+
|Fennia Mutual|10.004% |0% |2,262,965 |
|Insurance | | | |
|Company | | | |
+-------------+----------+---------------------+-------------------+
|Fennia Life |0.325% |0% |73,517 |
+-------------+----------+---------------------+-------------------+Further information:
Tarja Rantala, CFO, +358 40 774 9290 or tarja.rantala@pihlajalinna.fi
Tuula Lehto, VP, Communications and Sustainability, +358 40 5885 343 or tuula.m.lehto@pihlajalinna.fi
Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi