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 Rettig Capital Ltd.
According to the notification, the total holdings of Purmo Group Plc shares and votes held by Rettig Group Ltd which is controlled by Rettig Capital Ltd increased to 68.28 per cent of all the registered shares in Purmo Group Plc on 31 December 2021.
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”) and Rettig Group Ltd has received 28,638,547 merger consideration shares as a result of the Merger.
Following the execution of the Merger, shareholding of Rettig Group Ltd exceeds three tenths (3/10) as well as one half (1/2) of the total voting rights attached to the shares of the combined company Purmo Group Plc. However, Rettig Group Ltd, together with its parent company, Rettig Capital Ltd, has on 7 September 2021 received from the Finnish Financial Supervisory Authority a permanent exemption referred to in Chapter 11, section 26 of the Finnish Securities Markets Act from the obligation to launch a mandatory tender offer.
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 Rettig Capital Ltd 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||68.28||–||68.28|
|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|
(SMA 9:6 and 9:7)
(SMA 9:6 and 9:7)
Information in relation to the person subject to the notification obligation as contained in the notification
The complete chain of controlled undertakings through which the shares, 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 instruments||Total of both|
|Rettig Capital Ltd||–||–||–|
|Rettig Group Ltd||68.28||–||68.28|
Erik Hedin, CFO, tel. +44 7979 363 473
Josefina Tallqvist, Investor Relations, tel. +358 40 745 5276
Nasdaq Helsinki Ltd
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