SRV Group Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act

SRV GROUP PLC   STOCK EXCHANGE RELEASE    22 MAY 2020 AT 14.45 EET

SRV Group Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act

SRV Group Plc has received an announcement from OP Cooperative on 22 May 2020, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement OP Cooperative’s indirect holding through OP Life Assurance Company Ltd, Pohjola Insurance Ltd and OP Corporate Bank Plc, companies controlled by OP Cooperative, in SRV Group Plc ‘s shares has decreased below 15 per cent of the total shares and votes in SRV Group Plc as a result of share transactions concluded on 20 May 2020.

Total position of OP Cooperative subject to the notification:

% of shares and voting rights

% of shares and voting rights through financial instrumentsTotal of both in %Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached14.984%14.984%131,967,970
Position of previous notification (if applicable)15.068%15,068 %

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)
FI0009015309-19,774,586-14.984%
SUBTOTAL A19,774,58614.984%

Information in relation to the person subject to the notification obligation and full chain of controlled undertakings through which the voting rights or the financial instruments are held:

Name% of shares and voting rights% of shares and voting rights through financial instrumentsTotal of both
OP Cooperativebelow 5%0
OP Life Assurance Company Ltd8.646%11,410,561
Pohjola Insurance Ltd6.023%7,948,477
OP Corporate Bank Plcbelow 5%415,548
 

 

SRV Group Plc

For further information, please contact:
Ilkka Pitkänen, CFO, tel. +358 (0)40 667 0906, ilkka.pitkanen@srv.fi

Distribution:
Nasdaq Helsinki
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SRV in brief

SRV is a bold developer and innovator in the construction industry. We want to offer the best customer experience as a constructor of urban city centres, while also being the most attractive employer in the industry. Our genuine cooperation and enthusiasm for our work comes across in every encounter. Sustainability is reflected in all our activities.

Established in 1987, we are a publicly listed company since 2007 in Helsinki Nasdaq stock exchange that operates in selected growth centres in Finland and Russia. Our revenue in 2019 was EUR 1,061 million. Over 1,000 people work for us and we employ a network of almost 4,000 subcontractors in our projects.

SRV - Building for life