Sponda Plc: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act
Sponda Plc
Stock Exchange Release
7 June 2017, 9:05
Sponda Oyj: Flagging notification in accordance with Chapter 9 Section 10 of the Finnish Securities Markets Act
Sponda Plc has on 6 June 2017 received a notification pursuant to the Finnish Securities Market Act (Section 9:5) that the holding of Polar Bidco S.à.r.l. in Sponda Plc’s shares is 7.50%.
Polar Bidco S.à r.l. (the “Offeror”), a corporation owned by funds advised by affiliates of The Blackstone Group L.P., and Sponda Plc (“Sponda”) have on June 5, 2017 entered into a combination agreement pursuant to which the Offeror will make a voluntary recommended public tender offer to purchase all issued and outstanding shares in Sponda (the “Tender Offer”). The Tender Offer was announced by the Offeror on June 5, 2017. Pursuant to such announcement, the Offeror has reserved the right to buy shares of Sponda before, during and/or after the offer period in public trading on Nasdaq Helsinki Ltd or otherwise. Pursuant to such share purchases, the Offeror’s direct holding in Sponda has increased to 7.50 percent.
Total position of Polar Bidco S.à r.l. as of 5 June 2017:
% of shares and voting rights (total of 7.A) | % of shares and voting rights through financial instruments (total of 7.B) | Total of both in % (7.A + 7.B) | Total number of shares and voting rights of issuer | |
Resulting situation on the date on which threshold was crossed or reached | 7.50 | 0.00 | 7.50 | 339,690,554 |
Position of previous notification | N/A | N/A | N/A |
Notified details of the resulting situation on the date on which the threshold was crossed or
reached:
Shares and voting rights | ||||
Class/type of shares ISIN code | Number of shares and voting rights | % of shares and voting rights | ||
Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
FI0009006829 | 25,465,390 | 7.50 | ||
SUBTOTAL | 25,465,390 | 7.50 |
Sponda Plc
Sponda Plc is a property investment company specializing in commercial properties in the largest cities in Finland. Sponda’s business concept is to own, lease and develop retail and office properties and shopping centres into environments that promote the business success of its clients. The fair value of Sponda’s investment properties is approximately EUR 3.8 billion and the leasable area is around 1.2 million m².