PKC Group Plc Company announcement 27 March 2017 11.10 a.m.
PKC Group Plc - Announcement regarding change in holdings
PKC Group Plc has 27 March 2017 received a notification with reference to Chapter 9, paragraph 5 of the Finnish Securities Markets Act.
According to information received by PKC, the total number of PKC shares owned by MSSL Estonia WH OÜ, has exceeded the limit of 90% on 27 March 2017 and was 95.60% of PKC Group Plc’s share capital and votes. PKC’s registered total number of shares and voting rights amounting to 24,125,387 shares on 27 March 2017 has been used in the calculation of percentages in the announcement. The company has one series of shares.
Total positions of MSSL Estonia WH OÜ subject to 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 | 94.18% | 1.43 | 95.60% |
| 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 shares | Number of shares and voting rights | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| ISIN code | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI0009006381 | 22,720,757 | 94.18% | ||
| SUBTOTAL A | 22,720,757 | 94.18% |
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 |
| 2012B stock options | April 30,2018 | April 1,2016 - April 30,2018 | Physical settlement | 269,000 | 1.12 |
| 2012C stock options | April 30,2019 | April 1,2017 - April 30,2019 | Physical settlement | 75,300 | 0.31 |
| SUBTOTAL B | 344,300 | 1.43 |
MSSL Estonia WH OÜ (the "Offeror"), a wholly-owned indirect subsidiary of Motherson Sumi Systems Limited ("MSSL"), commenced on February 6, 2017 a voluntary recommended public tender offer to purchase all the issued and outstanding shares and stock options in PKC Group Plc ("PKC") that are not owned by PKC or any of its subsidiaries (the "Tender Offer"). The Offeror has announced on March 24, 2017 the final result of the Tender Offer and the completion trades for the shares and options were executed on March 27, 2017 and will be settled on or about March 29, 2017 as a result of which offeror’s total shareholding in PKC will exceed 90% of the shares and voting rights.
PKC Group Plc
Matti Hyytiäinen
President & CEO
Distribution
Nasdaq Helsinki
Main media
www.pkcgroup.com
PKC Group is a global partner, designing, manufacturing and integrating electrical distribution systems, electronics and related architecture components for the commercial vehicle industry, rolling stock manufacturers and other selected segments. The Group has production facilities in Brazil, China, Germany, Lithuania, Mexico, Poland, Russia, Serbia and the USA. The Group's revenue from continuing operations in 2016 totalled EUR 846 million. PKC Group Plc is listed on Nasdaq Helsinki.