HARVIA PLC STOCK EXCHANGE RELEASE 27 MARCH 2018 AT 4:00 P.M. EET
Harvia Plc's ten largest shareholders after the completion of the Initial
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
The ten largest registered shareholders of Harvia Plc ("Harvia" or the "Company") and their shares of ownership after the initial public offering (the "IPO") are shown in the table below. Shareholders' holdings have been retrieved from the shareholders' register maintained by Euroclear Finland Ltd (situation as at 26 March 2018).
Number of shares
% of shares and votes
|CapMan Buyout X Fund A L.P.(1||3,176,603||17.12|
|Skandinaviska Enskilda Banken AB (publ) Helsinki Branch||2,949,000||15.90|
|Nordea Bank AB (publ), Finnish Branch||2,176,121||11.73|
|CapMan Buyout X Fund B Ky(2||1,328,404||7.16|
|Sijoitusrahasto Nordea Nordic Small Cap||1,294,793||6.98|
|Ilmarinen Mutual Pension Insurance Company||515,000||2.78|
|Sijoitusrahasto Säästöpankki Pienyhtiöt||420,000||2.26|
|Ten largest, in total|| |
1) The Company has received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from CapMan Buyout X Fund A L.P. ("CapMan Fund A"), according to which CapMan Fund A's direct holding of the shares and votes of the Company decreased to 17.12 percent and CapMan Fund A's holding through financial instruments increased above the threshold of 5 percent on 22 March 2018. The change was due to a share lending agreement signed by CapMan Fund A and Danske Bank A/S, Finland Branch ("Danske Bank") in connection with the Initial Public Offering of the Company on 22 March 2018, according to which CapMan Fund A has on 22 March 2018 lent 1,085,268 existing shares in the Company to Danske Bank. The registered holdings of CapMan Fund A, which amounts to 3,176,603 shares, does not include the lent shares.
2) CapMan Buyout X Fund B Ky ("CapMan Fund B") has on 22 March 2018 lent 453,841 existing shares in the Company to Danske Bank. The registered holdings of CapMan Fund B, which amounts to 1,328,404 shares, does not include the lent shares.
The following table sets forth for illustrative purposes the ten largest shareholders of Harvia before the execution of the Company's IPO on (situation as at 28 February 2018).
Number of shares
% of shares and votes
|CapMan Buyout X Fund A L.P.||4,741,198||49.0|
|CapMan Buyout X Fund B Ky||1,982,692||20.5|
|Ten largest, in total|| |
Tapio Pajuharju, CEO
tel. +358 50 577 4200
Harvia in short
Harvia is one of the leading companies operating in the sauna and spa market globally, as measured by revenue. Harvia's brands and product offering are well-known in the market 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.
Nasdaq Helsinki Ltd
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, New Zealand, Australia, Japan, Hong Kong, Singapore or South Africa. The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an exemption from registration as provided in the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. Harvia Plc (the "Company") does not intend to register any portion of the offering in the United States or to conduct a public offering of securities in the United States.
The issue, exercise and/or sale of securities in the initial public offering are subject to specific legal or regulatory restrictions in certain states. The Company, Danske Bank A/S, Finland Branch and Handelsbanken Capital Markets, a part of Svenska Handelsbanken AB (publ), assume no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale or offer of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities referred to in this release, unless they do so on the basis of the information contained in the prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in any Member State of the European Economic Area other than Finland. With respect to each Member State of the European Economic Area other than Finland, and which has implemented the Prospectus Directive (each, a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity which is a qualified investor as defined in the Prospectus Directive; or (b) in any other circumstances falling within Article 3(2) of the Prospectus Directive. For the purposes of this paragraph, the expression an "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the securities to be offered so as to enable an investor to decide to exercise, purchase or subscribe the securities, as the same may be varied by any measure implementing the Prospectus Directive in that Relevant Member State and the expression "Prospectus Directive" means Directive 2003/71/EC (and amendments thereto, including the 2010 PD Amending Directive, to the extent implemented in the Relevant Member State), and includes any relevant implementing measure in the Relevant Member State and the expression "2010 PD Amending Directive" means Directive 2010/73/EU.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.
 International Management Consultant Analysis conducted in autumn 2017 and commissioned by Harvia.
 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.