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Suomen Hoivatilat Oyj: disclosure under chapter 9, section 10 of the Securities Market Act
Suomen Hoivatilat Oyj
Stock exchange release 28 March 2017, 4:30 pm
Suomen Hoivatilat Oyj: disclosure under chapter 9, section 10 of the Securities Market Act
Suomen Hoivatilat Oyj ("Hoivatilat") has received a notification pursuant to chapter 9, section 5 of the Securities Market Act from Partnera Oy, according to which the aggregate ownership of shares and votes in Hoivatilat of Nurture Property Holding Oy and Nurture Real Estate Holding Oy, entities in Partnera Oy's control, has fallen below the threshold of 20% following an event changing the breakdown of shares or voting rights on 28 March 2017. Nurture Property Holding Oy holds 12.17% and Nurture Real Estate Holding Oy holds 6.68% of all shares and votes in Hoivatilat.
Aggregate position of Partnera Oy and entities in its control according to the notification:
| % of 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 | 18.85% | 18.85% | 25,288,859 | |
| Positions of previous notification |
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) | |
| FI4000148648 | 4,767,012 | 18.85% | ||
| SUBTOTAL A | 4,767,012 | 18.85% | ||
| 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 |
| None | |||||
| SUBTOTAL B | |||||
Hoivatilat has been informed by Partnera Oy that after the crossing of the notification threshold Partnera Oy holds indirectly 18.85% of the shares in Suomen Hoivatilat Oyj though two subsidiaries 100% owned by Partnera Oy. Partnera Oy's subsidiary Nurture Property Holding Oy holds 12.17% of the shares in the target company and subsidiary Nurture Real Estate Holding Oy holds 6.68% of the shares in the target company.
Suomen Hoivatilat Oyj
Further information:
Jussi Karjula, CEO, tel.: +358 40 773 4054
Suomen Hoivatilat in brief:
Suomen Hoivatilat Oyj specialises in producing, developing, owning and leasing out nursing homes, day care centres and service blocks. Hoivatilat was founded in 2008, and the company has been working in cooperation with as many as approximately 50 Finnish municipalities and launched over 100 property projects around Finland. The company was listed on the official list of Nasdaq Helsinki Ltd on 1 March 2017.