Harvia Plc Stock Exchange Release 20 November 2019 at 11.30 A.M. EET
Harvia Plc has received on 19 November 2019 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act (”SMA”), according to which the total holding of Marja Toivanen controlled company Onvest Oy (Helsinki, Finland) in Harvia Plc shares and votes in has exceeded ten (10) percent on 19 November 2019. According to the notification, Marja Toivanen’s indirect holding in Harvia Plc shares and votes is 12,34%.
1. Identity of the issuer: Harvia Oyj
2. Reason for the notification: An acquisition of shares and voting rights
3. Details of person subject to the notification obligation: Marja Toivanen, Helsinki, Suomi
4. Full name of the shareholder: Onvest Oy
5. Date on which the threshold was crossed or reached: 19.11.2019
6. Total positions of person subject to the notification obligation:
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 12.34 | - | 12.34 | 18,694,236 |
| Position of previous notification (if applicable) | - | - | - | - |
7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Number of shares and voting rights | % of shares and voting rights | |||
| Class / type of shares | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI4000306873 | - | 2,305,679 | - | 12.34 |
| SUBTOTAL A | 2,305,679 | 12.34 | ||
Other information provided in the notification:
8. Information in relation to the person subject to the notification obligation
| Full chain of controlled undertakings through which the voting rights and/or the 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 |
| Marja Toivanen | - | - | - |
| Onvest Oy | 12.34 | - | 12.34 |
HARVIA PLC
Further information:
CFO Ari Vesterinen
tel: +358 40 5050 440
ari.vesterinen@harvia.fi
Harvia is one of the leading companies operating in the sauna and spa market globally, as measured by revenue. Harvia's brands and product portfolio are well-known in the market and the company's comprehensive product portfolio strives to meet the needs of the international sauna and spa market of both private and professional customers.
Harvia's revenue totaled EUR 61.9 million in 2018, its operating profit was EUR 9.4 million and adjusted operating profit EUR 10.9 million during the same period. The company employs some 400 professionals in Finland, China and Hong Kong, Romania, Austria, United States, Germany and Estonia. The company is headquartered in Muurame, Finland, adjacent to its largest sauna and sauna component manufacturing facility.
Read more www.harvia.fi
