Nasdaq

Silmäasema Oyj: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

12-06-2017

Silmäasema Oyj: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act


Stock Exchange Release


12 June 2017, at 9.15 p.m.

 

Silmäasema Oyj (the "Company") has today received a notification from Intera Fund II Ky ("Intera"), according to which Intera's holding of the shares and votes of the Company decreased to 35.03 percent and Intera's holding through financial instruments increased above the threshold of 5 percent on 9 June 2017. The change is due to a share lending agreement signed by Intera and Nordea Bank AB (publ), Finnish Branch ("Nordea") on 9 June 2017, according to which Intera committed to lend 1,229,858 existing shares in the Company to Nordea. The share lending does not affect the aggregate total holdings of Intera regarding the Company's shares and votes.

Total positions of Intera Fund II Ky:

 
% 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)
Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached 35.03% 8.63% 43.66% 14,248,805
Position of previous notification (if applicable) N/A N/A N/A  

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 % of shares and voting rights
ISIN code (if possible) Direct


(SMA 9:5)
Indirect


(SMA 9:6 and 9:7)
Direct


(SMA 9:5)
Indirect


(SMA 9:6 and 9:7)
FI4000243399 4,991,582 N/A 35.03% N/A
SUBTOTAL A 4,991,582 35.03%



B: Financial instruments according to the Finnish Securities Market Act 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
Share lending agreement with the initial public offering 11 July 2017 N/A Physical settlement 1,229,858 8.63%
      SUBTOTAL B 1,229,858 8.63%



Intera Fund II Ky ("Intera"), a fund administered by Intera Equity Partners II Oy, has on 9 June 2017 entered into a share lending agreement with Nordea Bank AB (publ), Finnish Branch ("Nordea") to cover the overallotments in the initial public offering of the Company. Under the share lending agreement, Intera committed on 9 June 2017 to lend 1,229,858 existing shares of the Company to Nordea. Nordea has an obligation to return the lent shares by 11 July 2017, unless Nordea wholly or partially exercises its over-allotment option granted by Intera in connection with the initial public offering. Intera's relevant direct holding in the Company before the entry into the above-mentioned share lending agreement was 6,221,440 shares.

Additional information:

Pasi Kohmo, CEO, Silmäasema, +358 50 331 7015, pasi.kohmo@silmaasema.fi

Kati Räihä, Director, Marketing and Communications, Silmäasema, +358 50 416 6764, kati.raiha@silmaasema.fi

Silmäasema in brief

Silmäasema is a Finnish company, which offers all products and services for optical retail and eye healthcare nationwide. Silmäasema is the largest private eye clinic provider offering eye surgeries and the second largest optical retail chain with 25.3 per cent market share. The Silmäasema chain has 148 stores and 13 eye clinics in Finland as well as eight stores in Estonia. The Silmäasema chain employs close to 1,000 eye healthcare professionals. In 2016, the Silmäasema chain conducted around 210,000 optician's eye examinations, 190,000 ophthalmologist's appointments and over 15,000 cataract and refractive surgeries. Silmäasema's Group net sales were 101.3 million euros in 2016 and adjusted EBITDA was 12.0 million euros.



This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Silmäasema Oyj via GlobeNewswire

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