31 December 2021
PURMO GROUP PLC STOCK EXCHANGE RELEASE 31 December 2021 at 01.35 p.m.
Purmo Group Plc (“Purmo Group” or the “Company”) has received a notification in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets Act (as amended, the “SMA”) from Virala Corporation.
According to the notification, the total holdings of Purmo Group Plc shares and votes held by Virala Corporation decreased to 12.32 per cent, or to 13.96 per cent when taking into account financial instruments as set out below, of all the registered shares in Purmo Group Plc on 31 December 2021 due to an event changing the breakdown of shares or voting rights.
Virala Acquisition Company Plc (“VAC”) and Purmo Group Ltd have on 31 December 2021 completed the merger of Purmo Group Ltd into VAC (the “Merger”). Due to the completion of the Merger, the total number of shares and votes in the Company has changed.
As announced by VAC on 8 September 2021, Virala Corporation has an option to acquire further 689,576 class C shares from Rettig Group Ltd following the completion of the Merger.
The total number of the Company’s registered shares amounts to 41,939,748 shares. Each share entitles to one (1) vote.
The total position of Virala Corporation 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) | |
| Resulting situation on the date on which threshold was crossed or reached | 12.32 | 1.64 | 13.96 |
| Position of previous notification (if applicable) | – | – | – |
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 sharesISIN 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) |
|
| FI4000507488 | 3,601,198 | – | 8.59 | – |
| FI4000507470 | 1,565,217 | – | 3.73 | – |
| SUBTOTAL A | 5,166,415 | – | 12.32 | – |
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 |
| Option to acquire shares | 31 December 2022 | Not exercised | Physical | 689,576 | 1.64 |
| SUBTOTAL B | 689,576 | 1.64 |
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
Further information
Erik Hedin, CFO, tel. +44 7979 363 473
Josefina Tallqvist, Investor Relations, tel. +358 40 745 5276
Distribution
Nasdaq Helsinki Ltd
Principal media
investors.purmogroup.com
Purmo Group is a leader in sustainable indoor climate comfort solutions in Europe. We provide complete heating and cooling solutions to residential and non-residential buildings, including radiators, towel warmers, underfloor heating, convectors, valves and controls. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our 3,500 employees operate through 46 locations in 21 countries, manufacturing and distributing top quality products and solutions to customers in more than 100 countries globally. www.purmogroup.com
