Change in the YIT Management Team: Antti Inkilä to leave YIT
- Stock Exchange Release
- 19.04.2022 13:30 CET
Notification according to Chapter 9, Section 10 of the Securities Markets Act of change in holdings in YIT Corporation shares
YIT Corporation Stock exchange release 19 April 2022 at 2:30 p.m.
Notification according to Chapter 9, Section 10 of the Securities Markets Act of change in holdings in YIT Corporation shares
YIT Corporation has on 19 April 2022 received an announcement under Chapter 9, Section 5 and 6 of the Securities Markets Act, according to which the holding of Virala Oy Ab has exceeded the threshold of 15 per cent. According to the announcement, the holding had exceeded the threshold on 14 April 2022.
According to the announcement, the total number of YIT shares owned directly or through financial instruments by Virala Oy Ab is 15.40%.
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 notification:
|
|
% 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 |
12.22 |
3.18 |
15.40 |
211,099,853 |
|
Position of previous notification (if applicable) |
12.22 |
2.87 |
15.09 |
|
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 |
- |
25,800,000 |
- |
12.22 |
|
SUBTOTAL A |
25,800,000 |
12.22 |
||
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 |
20 May 2022 |
20 May 2022 |
Physical |
6,713,000 |
3.18 |
|
|
|
|
SUBTOTAL B |
6,713,000 |
3.18 |
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 |
- |
3.18 |
6,713,000 |
|
Atine Group Oy |
- |
- |
- |
|
Nidoco AB |
- |
- |
- |
|
Tercero Invest AB |
12.22 |
- |
25,800,000 |
Additional information:
The forward contracts in the notification of major holdings published on 8 April 2022 have been sold, and on the same occasion, forward contracts with expiration date on 20 May 2022 have been acquired. Also, the number of shares associated with the forward contracts has grown to 6,713,000 from 6,056,000 notified on 8 April 2022.
Further information:
Tommi Järvenpää, Vice President, Investor Relations, YIT Corporation, tel. +358 40 576 0288, tommi.jarvenpaa@yit.fi
YIT Corporation
Tommi Järvenpää
Vice President, Investor Relations
Distribution: Nasdaq Helsinki, major media, www.yitgroup.com
YIT is the largest Finnish and a significant North European development and construction company. For 110 years, we have been creating better living environments for our customers: functional homes for sustainable living, future-proof public and commercial buildings and infrastructure for smoother flow of people, businesses and society. We employ 7,000 professionals in ten countries: Finland, Russia, Sweden, Norway, Estonia, Latvia, Lithuania, the Czech Republic, Slovakia and Poland. Our revenue in 2021 was EUR 2.9 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com