SATO Corporation, Managers' transactions, 29th October 2019 at 9:25 am
____________________________________________
Person subject to the notification requirement
Name: Balder Finska Otas AB
Position: Closely associated person
(X) Legal person
(1):Person Discharging Managerial Responsibilities In Issuer
Name: Selin, Erik
Position: Member of the Board
Issuer: SATO Oyj
LEI: 7437009ELUGUOA45V564
Notification type: INITIAL NOTIFICATION
Reference number: 7437009ELUGUOA45V564_20191028093051_6
____________________________________________
Transaction date: 2019-10-29
Venue not applicable
Instrument type: SHARE
ISIN: FI0009011688
Nature of the transaction: ACQUISITION
Transaction details
(1): Volume: 100,000 Unit price: 29.5 EUR
Aggregated transactions
(1): Volume: 100,000 Volume weighted average price: 29.5 EUR
For additional information, please contact:
SATO Corporation
Katri Innanen, Vice President, General Counsel
p. +358 201 34 4014 and +358 400 678 898
SATO is one of Finland's leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer experience. At year-end 2018 SATO owned around 25,900 apartments in Finland's largest growth centres and in St. Petersburg.
We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term view. We increase the value of our housing stock through investments, divestments and repairs.
The SATO Group's net sales in 2018 were EUR 290 million, operating profit EUR 273 million and profit before taxes EUR 231 million. The value of SATO's investment properties was roughly EUR 3.9 billion.