CONSTI GROUP PLC STOCK EXCHANGE RELEASE 11 JANUARY 2016, at 4.10 p.m.
Consti Group Plc: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10
Consti Group Plc ("Consti") has received an announcement from Intera Fund I Ky ("Intera") on 11 January 2016, in accordance with the Finnish Securities Market Act Chapter 9, Section 10.
According to the announcement, the total number of Consti shares and votes owned by Intera decreased below fifteen (15) per cent of the share capital of Consti on 8 January 2016.
Total position of Intera subject to the notification:
| | % of shares and voting rights | % of shares and voting rights through financial instruments | % of total | Total number of shares and voting rights of issuer |
| Resulting situation on the date on which the threshold was crossed or reached | 11.95 % | 11.95 % | 7 858 267 | |
| Position of previous notification (if applicable) |
Notified details of the resulting situation on the date on which the threshold was reached:
A: shares and voting rights
| Class / type of shares | 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) | |
| FI4000178256 | 939 436 | 11.95 % | ||
| SUBTOTAL A | 939 436 | 11.95 % | ||
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 |
| SUBTOTAL B |
Danske Bank A/S, Helsinki Branch ("Danske Bank"), the sole lead manager for the initial public offering of Consti executed in December 2015, has on 8 January 2016 exercised its over-allotment option granted by Intera by purchasing 568,163 shares in Consti from Intera. Simultaneously, Danske Bank redelivered to Intera the shares in Consti it borrowed on the basis of a share lending agreement related to the initial public offering.
Consti Group Plc
Further enquiries
Esa Korkeela, CFO, Consti Group Plc, Tel. +358 40 730 8568
Consti is a leading Finnish company concentrating on repair and construction and housing technology. Consti offers comprehensive building technology, pipeline renovation, façade renovation and other demanding construction and maintenance services for residential and commercial buildings. Consti has three business areas: housing technology, façades and renovation construction. In 2014 Consti Group's turnover was 216 million euro. It employs about 900 professionals in renovation construction and housing technology.
Consti Group Plc is listed on Nasdaq Helsinki. The trading code is CONSTI. www.consti.fi