Change in the YIT Management Team: Antti Inkilä to leave YIT
- Stock Exchange Release
- 18.10.2016 17:15 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 October 18, 2016 at 18:15 p.m.
YIT Corporation has on October 18, 2016 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of JPMorgan Chase & Co. and its funds in YIT has fallen below the threshold of 5 per cent. According to the announcement, the holding had fallen below the threshold on October 17, 2016.
According to the announcement, the total number of YIT shares owned directly or through financial instruments by JPMorgan Chase & Co. and its funds was 4.92 per cent of YIT's total number of shares and voting rights on October 17, 2016.
YIT has one share series, each share entitling to one vote. YIT’s registered total number of shares amounting to 127,223,422 has been used in the calculation of percentages for the announcement.
Total positions of JPMorgan Chase & Co. and its funds subject to the notification:
| Date | % shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A+B) |
| Resulting situation on the date on which threshold was crossed or reached | 4.92% | 0.00% | 4.92% |
| Position of previous notification (if applicable) | 5.02% | 0.00% | 5.02% |
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) |
|
| FI0009800643 | 6,252,555 | 4.92% | ||
| SUBTOTAL A | 6,252,555 | 4.92% | ||
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 |
| Contract for difference | N/A | N/A | Cash settlement | 6,161 | 0.00% |
| SUBTOTAL B | 6,161 | 0.00% |
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 |
| J.P Morgan Investment Management Inc. | 0.00% | 0.00% | |
| J.PMorgan Asset Management (UK) Limited | 4.92% | 0.00% | 4.92% |
For further information please contact:
Hanna Jaakkola, Vice President, Investor Relations, YIT Corporation, tel. +358 40 5666 070, hanna.jaakkola@yit.fi
YIT CORPORATION
Hanna Jaakkola
Vice President, Investor Relations
Distribution: NASDAQ OMX, major media, www.yitgroup.com
YIT creates better living environment by developing and constructing housing, business premises, infrastructure and entire areas. Our vision is to bring more life in sustainable cities. We want to focus on caring for customer, visionary urban development, passionate execution and inspiring leadership. Our growth engine is urban development involving partners. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki.www.yitgroup.com