Change in the YIT Management Team: Antti Inkilä to leave YIT
- Stock Exchange Release
- 17.08.2018 09:30 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 August 17, 2018 at 10:30 a.m.
YIT Corporation has on August 17, 2018 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of Virala Oy Ab has exceeded the threshold of 10 per cent. According to the announcement, the holding had exceeded the threshold on August 17, 2018.
According to the announcement, the total number of YIT shares owned directly or through financial instruments by Virala Oy Ab is 10.14 per cent.
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 | 10.14% (indirect) 0 (direct) |
10.14% (indirect) 0 (direct) |
211,099,853 | |
| Position of previous notification (if applicable) | 5.02% (direct) | 5.02% (direct) |
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 | - | 21,400,000 | - | 10.14% |
| SUBTOTAL A | 21,400,000 (indirect) | 10.14% (indirect) | ||
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 |
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 | - | - | - |
| Atine Group Oy | - | - | - |
| Valeado AB | - | - | - |
| Tercero AB | 10.14 | - | 10.14 |
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 Helsinki, 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 pro forma revenue for 2017 was over EUR 3.8 billion. YIT Corporation's share is listed on Nasdaq Helsinki Oy. www.yitgroup.com