Change in the YIT Management Team: Antti Inkilä to leave YIT
- Stock Exchange Release
- 22.11.2023 11:30 CET
Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
YIT Corporation Stock Exchange Release 22 November 2023 at 12.30 p.m.
Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
YIT Corporation has on 22 November 2023 received an announcement under Chapter 9, Section 5 and 6a of the Securities Markets Act from Virala Oy Ab, according to which Virala Oy Ab’s holding of the shares and votes of the company increased above the threshold of 20 percent on 21 November 2023.
According to the announcement, the total number of YIT Oyj’s shares owned directly or through financial instruments by Virala Oy Ab and its chain of controlled undertakings was 20.31% of the company’s shares and votes on 21 November 2023.
YIT has one share series, each share entitling to one vote. The total number of YIT’s shares is 211,099,853 shares.
Total positions of Virala Oy Ab subject to the announcement:
| % shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of 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 | 18.90 | 1.40 | 20.31 | 211,099,853 |
| Position of previous notification (if applicable) | 15.83 | 0.75 | 16.58 |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights:
| Class/type of shares ISIN code (if possible) | Number of shares and voting rights | % of 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) | |
| FI 0009800643 | 39,902,000 | 18.90 | ||
| SUBTOTAL A | 39,902,000 | 18.90 | ||
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Forward contract | 15 December 2023 | 15 December 2023 | Physical | 2,962,500 | 1.40 |
| SUBTOTAL B | 2,962,500 | 1.40 |
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Virala Oy Ab | 1.40 | 2,962,500 | |
| Atine Group Oy | |||
| Nidoco AB | |||
| Tercero Invest AB | 18.90 | 39,902,000 |
Further information:
Essi Nikitin, Vice President, Investor Relations, YIT, tel. +358 50 581 1455, essi.nikitin@yit.fi
YIT Corporation
Tuomas Mäkipeska
CFO
Distribution: Nasdaq Helsinki, principal media, www.yitgroup.com
YIT is the largest Finnish and a significant North European development and construction company. We develop and build sustainable living environments: functional homes, future-proof public and commercial buildings, infrastructure for smooth mobility, and renewable energy solutions to benefit the climate. We employ around 5,000 professionals in nine countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2022 was EUR 2.4 billion. YIT Corporation's share is listed on Nasdaq Helsinki. Read more: www.yitgroup.com