HARVIA PLC STOCK EXCHANGE RELEASE 10 APRIL 2018 AT 2.00 P.M. EET
Harvia Plc has received on 9 April 2018 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act ("SMA"), according to which total holding of the mutual funds managed by Nordea Funds Ltd (Helsinki, Finland) in Harvia Plc's shares and votes has fallen below five (5) percent on 6 April 2018. According to the notification, the reason for the notification was disposal of shares or voting rights.
Aggregate position of Nordea Funds Ltd according to notification:
| % 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 | 4.83% | - | 4.83% | 18,549,879 |
| Position of previous notification (if applicable) | - | - | - | - |
Notified details of the resulting situation following the crossing of threshold:
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 | 896,746 | - | 4.83% | - |
| SUBTOTAL A | 896,746 | - | 4.83% | - |
HARVIA PLC
Additional information:
Ari Vesterinen, CFO
tel. +358 40 5050 440
ari.vesterinen@harvia.fi
Harvia in short
Harvia is one of the leading companies operating in the sauna and spa market globally, as measured by revenue.[1] Harvia's brands and product offering are well-known in the market[2] and the Company's comprehensive product offering strives to meet the needs of the international sauna and spa market, of both private and professional customers.
Harvia's revenue amounted to EUR 60.1 million in 2017, its operating profit was EUR 9.3 million and adjusted operating profit EUR 10.7 million during the same period. The Company employs some 365 professionals in Finland, China and Hong Kong, Romania, Austria, Germany and Estonia. The company's headquarters in Muurame, Finland are adjacent to its largest sauna and sauna component manufacturing facility.
[1] International Management Consultant Analysis conducted in autumn 2017 and commissioned by Harvia.
[2] The Harvia brand was the most recognised sauna brand in a survey of Finnish, Swedish, German, Russian and American consumers (altogether 810 consumers) conducted by an international management consultant company in autumn 2017 and commissioned by Harvia.
