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Thursday, 20 July 2017

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Sponda Oyj    

Published: 18:50 CEST 20-07-2017 /GlobeNewswire /Source: Sponda Oyj / : SDA1V /ISIN: FI0009006829

Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

Sponda Plc                   Stock Exchange Release           20 July 2017, 19:50

 

 

Sponda Plc: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act

 

Sponda Plc has on 20 July 2017 received a notification pursuant to the Finnish Securities Market Act (Section 9:5) that the holding of Polar Bidco S.à r.l. in Sponda Plc's shares is 96.78 %.

 

Polar Bidco S.à r.l. (the "Offeror"), a corporation owned by funds advised by affiliates of The Blackstone Group L.P., and Sponda Plc ("Sponda") have on June 5, 2017 entered into a combination agreement pursuant to which the Offeror will make a voluntary recommended public tender offer to purchase all issued and outstanding shares in Sponda (the "Tender Offer"). The Tender Offer was announced by the Offeror on June 5, 2017. Pursuant to such announcement, the Offeror has reserved the right to buy shares of Sponda before, during and/or after the offer period in public trading on Nasdaq Helsinki Ltd or otherwise. Pursuant to such share purchases, the Offeror's direct holding in Sponda has increased to 96.78 percent.

Total position of Polar Bidco S.à r.l. as of 20 July 2017:

 

 

% of shares and

voting rights

(total of 7.A)

% of shares and voting

rights through financial

instruments

(total of 7.B)

Total of both in %

(7.A + 7.B)

Total number of

shares and voting

rights of issuer

Resulting situation

on the date on which

threshold was

crossed or reached

96.78

0.00

96.78

339,690,554

Position of previous

notification

15.18

0.00

15.18

 

 

Notified details of the resulting situation on the date on which the threshold was crossed or

reached:

 

Shares and voting rights

 

 

 

 

Class/type of

shares

ISIN 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)

FI0009006829

328,748,635

 

96.78

 

SUBTOTAL

328,748,635

 

96.78

 

 

 

 

Sponda Plc

 

 

 

Sponda Plc is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda's business concept is to own, lease and develop retail and office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda's investment properties is approximately EUR 3.8 billion and the leasable area is around 1.2 million m².

 

 

 





This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Sponda Oyj, Korkeavuorenkatu 45 P.O. Box 940, Helsinki FI-00101, Finland
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