Lassila & Tikanoja plc
Stock exchange release
8 November 2019 06:00 pm
Lassila & Tikanoja plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
Lassila & Tikanoja received a notification from Kabouter Management LLC on 6 November 2019, according to which its holding in Lassila & Tikanoja decreased below 5 percent on 6.11.2019. Kabouter Management LLC’s indirect holding in Lassila & Tikanoja decreased in 1,909,088 shares, which is 4.92% of Lassila & Tikanoja’s shares and voting rights. Lassila & Tikanoja has used the registered total number of shares and voting rights amounting to 38,798,874 in the calculation of percentages for the announcements.
Total positions of Kabouter Management LLC:
% of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | less than 5% | less than 5% | 38 798 874 | |
| Position of previous notification (if applicable) | 7.53% | 7.53% |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights:
| Class/type of shares, ISIN code | 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) | |
| FI0009010854 | 1,909,088 | 0 | 4.92% | |
| SUBTOTAL A | 1,909,088 | 4.92% | ||
Information in relation to the person subject to the notification obligation:
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 instrumentes | Total of both: |
| Kabouter International Opportunities Fund II, LLC | less than 5% | less than 5% | |
| International Select Partners, LP | less than 5% | less than 5% | |
| CFP (Separately Managed Account II) | less than 5% | less than 5% | |
| Kabouter International Opportunities Fund II, LLC | less than 5% | less than 5% | |
| Kabouter International Mission Fund, LLC | less than 5% | less than 5% |
According to the notification, the aggregate holding of Kabouter Management LLC has fallen below 5 %.
LASSILA & TIKANOJA PLC
Eero Hautaniemi
President and CEO
Additional information:
Eero Hautaniemi, President and CEO, tel. +358 10 636 2810
Valtteri Palin, CFO, tel. +358 40 734 7749
Lassila & Tikanoja is a service company that makes circular economy a reality. Together with our customers, we keep materials and properties in productive use for as long as possible and we enhance the use of raw materials and energy. We help our customers maintain the value of their properties and materials while protecting the environment. We achieve this by delivering responsible and sustainable service solutions that make the daily lives of our customers easier. We operate in Finland, Sweden, and Russia. L&T employs 8,600 people. Net sales in 2018 amounted to EUR 802.2 million. L&T is listed on Nasdaq Helsinki.
Distribution:
Nasdaq Helsinki
Major media
www.lt.fi/en