A shareholder of a listed company has an obligation to inform the Financial Supervisory Authority and the listed company in question of the changes in its holding in the listed company’s shares. A listed company is obliged to publish the flagging notification received from a shareholder.
Under the provisions of the Securities Markets Act, changes in holdings must be disclosed when the holding reaches, exceeds or falls below 5, 10, 15, 20, 25, 30, 50 or 66.7 (2/3) per cent of the voting rights or the numbers of shares of the company.
The objective of the regulation on the notification obligation is to ensure that shareholders have access to information on the ownership and power structures of a listed company and any changes therein. Considering the material impact that flagging information may have on the value of a listed company’s shares, notifications give investors an opportunity to equal access to information.
A flagging notification must be submitted without undue delay, but no later than on the trading day following a breach of the notification threshold. Flagging notifications must be sent to Harvia using email address email@example.com. Flagging notifications must be sent to the Financial Supervisory Authority according to its guidelines.
Additional information is in the website of Financial Supervisory Authority.
Summary of flagging notifications
|Transaction date||Shareholder||Shareholding in the flagging notification||Basis for the flagging notification|
|22 March 2022||Kempen Capital Management N.V.||5.00%||Shareholding exceeded the 5% treshold
Stock exchange release 23 March 2022
|22 October 2021||Handelsbanken Fonder AB||4.94%||Shareholding fell below the 5% treshold
Stock exchange release 26 October 2021
|1 September 2021||Onvest Oy||4.40%||Shareholding fell below the 5% treshold
Stock exchange release 2 September 2021
|19 July 2021||Lannebo Fonder AB||4.94%||Shareholding fell below the 5% treshold
Stock exchange release 23 July 2021
|30 January 2020||Lazard Freres Gestion SAS||4.97%||Shareholding fell below the 5% treshold
Stock exchange release 31 January 2020