| For filings with the FSA include the annex |
| For filings with issuer exclude the annex |
| TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES |
| 1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached: |
Powerflute Oyj |
| 2 Reason for the notification (please tick the appropriate box or boxes): | ||
| An acquisition or disposal of voting rights | NO | |
| An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached | NO | |
| An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments | NO | |
| An event changing the breakdown of voting rights |
NO |
|
|
Other (please specify): |
CAPITAL DECREASE OF THE ISSUER | |
| 3. Full name of person(s) subject to the notification obligation: | BESTINVER GESTION S.A., SGIIC |
| 4. Full name of shareholder(s) (if different from 3.): | See Annex attached (investment institutions and pension funds represented by Bestinver Gestión S.A. SGIIC) |
| 5. Date of the transaction and date on which the threshold is crossed or reached: | 18.06.12 |
| 6. Date on which issuer notified: | |
| 7. Threshold(s) that is/are crossed or reached: | 10% |
| 8. Notified details: | |||||||
| A: Voting rights attached to shares | |||||||
|
Class/type of shares if possible using the ISIN CODE FI0009015291 |
Situation previous to the triggering transaction |
Resulting situation after the triggering transaction | |||||
|
Number of Shares 28.632.863 |
Number of Voting Rights 28.632.863 |
Number of shares |
Number of voting rights |
% of voting rights | |||
|
Direct |
Direct |
Indirect 28.632.863 |
Direct |
Indirect 10,05% |
|||
| B: Qualifying Financial Instruments | ||||
| Resulting situation after the triggering transaction | ||||
|
Type of financial instrument |
Expiration date |
Exercise/ Conversion Period |
Number of voting rights that may be acquired if the instrument is exercised/ converted. |
% of voting rights |
| C: Financial Instruments with similar economic effect to Qualifying Financial Instruments | ||||||
| Resulting situation after the triggering transaction | ||||||
|
Type of financial instrument |
Exercise price |
Expiration date |
Exercise/ Conversion period |
Number of voting rights instrument refers to |
% of voting rights |
|
| Nominal |
Delta |
|||||
|
Total (A+B+C) |
|
| Number of voting rights | Percentage of voting rights |
| 28.632.863 | 10,05% |
|
9. Chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held, if applicable: |
|
Bestinver Gestión S.A. SGIIC is a Spanish fund management company. As a fund management company it exercises the voting rights attached to the shares property of the investment institutions it manages and represents. Additionally, Bestinver Gestión S.A. SGIIC has been granted a power of attorney to exercise the voting rights attached to the shares under the property of the pension funds managed by Bestinver Pensiones EGFP, S.A. Please find attached the Annex with detail of the holdings of each investment and pension fund. Please notice that Bestinver Internacional F.I. and Bestinfond F.I. have a holding equal to 3,91% and 2,62% of Powerflute Oyj, respectively. |
| Proxy Voting: | |
| 10. Name of the proxy holder: | |
| 11. Number of voting rights proxy holder will cease to hold: | |
| 12. Date on which proxy holder will cease to hold voting rights: | |
| 13. Additional information: | |
| 14. Contact name: | Helen Morris Sanz |
| 15. Contact telephone number: | +34 91 595 91 58 |
Annex
| Investment Institutions and Pension Funds | Number of shares | % |
| BESTINVER INTERNACIONAL, F.I.M. | 11.133.557,00 | 3,91% |
| BESTINFOND, F.I.M. | 7.467.575,00 | 2,62% |
| BESTVALUE F.I. | 2.218.219,00 | 0,78% |
| BESTINVER GLOBAL F.P. | 2.133.332,00 | 0,75% |
| BESTINVER SICAV- INTERNACIONAL | 2.074.587,00 | 0,73% |
| BESTINVER AHORRO FONDO DE PENSIONES | 1.196.914,00 | 0,42% |
| SOIXA SICAV S.A. | 878.033,00 | 0,31% |
| BESTINVER MIXTO INTERNACIONAL | 570.145,00 | 0,20% |
| BESTINVER SICAV-BESTINFUND | 563.522,00 | 0,20% |
| BIM SYMPHONIA BESTVALUE LUX | 280.025,00 | 0,10% |
| BESTINVER EMPLEO, F.P. | 51.320,00 | 0,02% |
| DIVALSA DE INVERSIONES SIMCAV | 42.181,00 | 0,01% |
| LINKER INVERSIONES SIMCAV | 23.453,00 | 0,01% |
| 28.632.863,00 | 10,05% |