Change in the YIT Management Team: Antti Inkilä to leave YIT
- Stock Exchange Release
- 01.02.2018 14:15 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 February 1, 2018 at 3:15 p.m.
YIT Corporation has on February 1, 2018 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of PNT Group Oy has exceeded the threshold of 5 per cent.
As a result of the completion of the merger of YIT and Lemminkäinen on February 1, 2018 the ownership of PNT Group Oy in Lemminkäinen was transferred to YIT. Lemminkäinen’s shareholders received as merger consideration 3.6146 new shares in YIT for each share in Lemminkäinen owned by them. The previous ownership of PNT Group Oy in Lemminkäinen on January 31, 2018 was 4,231,948 shares, corresponsing to the share of 18.23% from Lemminkäinen’s entire share stock. According to the notification, the holding of PNT Group Oy in YIT Corporation is 15,296,799, corresponsing to the share of 7.25% from YIT’s entire share stock.
YIT has one share series, each share entitling to one vote. As a result of the registration of the execution of the merger, the total number of YIT shares increased to 211,099,853 shares.
Total positions of PNT Group Oy subject to the notification:
| Date Feb 1, 2018 | % 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 | 7.25% (round) | 15296799 | ||
| Position of previous notification (if applicable) | see additional information below |
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 | 15296799 | 7.25% (round) | ||
| SUBTOTAL A | 15296799 | 7.25% (round) | ||
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 |
| SUBTOTAL B |
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
Additional information:
The previous ownership of PNT Group Oy in Lemminkäinen Corporation, LEM 1S FI0009900336, 4,231,948 shares; 18.23% ownership. On the completion date of the merger, February 1, 2018, the share exchange ratio: 3.6146.
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 is the largest Finnish and significant North European construction company. We develop and build apartments, business premises and entire areas. We are also specialised in demanding infrastructure construction and paving. Together with our customers our 10,000 professionals are creating more functional, more attractive and more sustainable cities and environments. We work in 11 countries: Finland, Russia, Scandinavia, the Baltic States, the Czech Republic, Slovakia and Poland. The new YIT was born when over 100-year-old YIT Corporation and Lemminkäinen Corporation merged on February 1, 2018. Our combined annual revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com