Wed March 2 01:20 pm 2016 in categories Stock exchange releases, Flagging notifications
Nokian Tyres: Disclosure under chapter 9, section 10 of the securities market act
Nokian Tyres plc Stock Exchange Release 2 March 2016 at 1:20 p.m.
Nokian Tyres has received an announcement from Sprucegrove Investment Management Ltd. on 26 February 2016 and a revised announcement on 1 March 2016, according to which the holdings of the mutual funds managed by Sprucegrove Investment Management Ltd. fell below level of 5% of the share capital in Nokian Tyres plc, as a result of share transactions concluded on 25 February 2016. According to Nokian Tyres, the holdings of the funds have fallen below the level of 5% already previously due to Nokian Tyres increasing its total number of shares during 2015.
Total positions of Sprucegrove Investment Management Ltd. and its funds subject 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 | Below 5% | Below 5% | Below 5% | 6,661,350 |
| Positions of previous notification | 5,04 % | 0,0 % | 5.04% |
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 | Number of shares and voting rights | % 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) |
|
| FI0009005318 | Below 5% | Below 5% | ||
| SUBTOTAL A | Below 5% | Below 5% |
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 |
| Securities Lent | N/A | N/A | Physical | Below 5% | Below 5% |
| CFD | N/A | N/A | Cash | Below 5% | Below 5% |
| Total Return Swap | N/A | N/A | Cash | Below 5% | Below 5% |
| SUBTOTAL B | Below 5% | Below 5% |
Nokian Tyres plc
Antti-Jussi Tähtinen
Vice President, Marketing and Communications
Distribution: Nasdaq Helsinki Oy, media and www.nokiantyres.com