05 January 2022
PURMO GROUP PLC STOCK EXCHANGE RELEASE 5 January 2022 at 11:10 a.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 shares and votes held by Rettig Group Ltd which is controlled by Rettig Capital Ltd decreased to 66.64 per cent of all the registered shares in Purmo Group on 5 January 2022.
Virala Acquisition Company Plc (“VAC”) and Purmo Group Ltd have on 31 December 2021 completed the merger of Purmo Group Ltd into VAC to form the combined company, Purmo Group Plc. As announced by VAC on 8 September 2021, Virala Corporation has had an option to acquire further 689,576 class C shares from Rettig Group Ltd following the completion of the merger. Virala Corporation has on 5 January 2022 exercised the option and Rettig Group Ltd has therefore disposed 689,576 class C shares in Purmo Group Plc held by it to Virala Corporation.
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 | 66.64 | – | 66.64 |
Position of previous notification (if applicable) | 68.28 | – | 68.28 |
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 | 27,948,971 | – | 66.64 | – |
SUBTOTAL A | 27,948,971 | – | 66.64 | – |
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 | 66.64 | – | 66.64 |
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