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Sitowise Group Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
Stock Exchange Release 29 March 2021, at 9:45 a.m. (EET)
Sitowise Group Plc (the "Company") has today received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from The Capital Group Companies, Inc., according to which The Capital Group Companies, Inc.'s indirect holding of the shares and votes of the Company increased above the threshold of 5 percent on 25 March 2021.
According to the notification, The Capital Group Companies, Inc. holds a total of 2,042,482 shares corresponding to 5.92 percent of the Company’s shares and votes. Neither The Capital Group Companies, Inc. nor any of its affiliates own shares of the Company for its own account. Rather, the shares reported are owned by accounts under the discretionary investment management of one or more of the investment management companies of The Capital Group Companies, Inc.
The share capital of the Company consists in aggregate of 34,493,874 shares, each share entitling to one (1) vote. The amount of the shares of the Company does not include new shares issued in the personnel offering, which will be registered in the Trade Register on or about 14 April 2021.
Total positions of The Capital Group Companies, Inc. according 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) |
Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 5.92% | 0% | 5.92% | 34,493,874 |
| Position of previous notification (if applicable) | N/A | 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) |
| FI4000480215 | N/A | 2,042,482 | N/A | 5.92% |
| SUBTOTAL A | 2,042,482 | 5.92% | ||
B: Financial instruments according to the Finnish Securities Market Act, Chapter 9, Section 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 |
| N/A | |||||
| SUBTOTAL B |
Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the shares, voting rights or financial instruments are effectively held (starting with the ultimate controlling natural person or legal entity):
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Capital Research and Management Company | 5.92% | below 5% | 5.92% |
Further enquiries
Minttu Vilander, Chief Communications and Corporate Responsibility Officer, Sitowise Group Plc, tel. +358 40 575 6660
Information about Sitowise
Sitowise is a Nordic expert in the built environment that offers sustainable design and consulting services. Sitowise operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in the following areas: Buildings, Infrastructure and Digital Solutions. Sitowise’s operations are primarily in Finland and Sweden, and it also has competence centers in Estonia and Latvia mainly serving Sitowise’s projects in Finland and Sweden. The Company’s net sales was approximately EUR 160 million in 2020 and the company employs over 1,900 experts.