Notification of major holdings
In certain cases, a shareholder of a listed company are obliged to report changes in their shareholdings to the Financial Supervisory Authority and the listed company whose shares are concerned. The listed company must release the notification given by the shareholder.
A notification is given when the shareholder’s share of ownership or voting rights in the listed company exceeds or falls below the disclosure threshold. The disclosure thresholds are 5%, 10%, 15%, 20%, 25%, 30%, 50%, 2/3 and 90% of the company’s votes or shares.
The purpose of the obligation is to provide investors with equal opportunities to have information on a listed company’s structure of ownership, voting rights, and changes therein. This information may have a material influence on the value of the shares of the listed company.
A notification of major holdings must be made without undue delay, but no later than the next trading day after the breach of a notification threshold.
You can find the Financial Supervisory Authority’s instructions for submitting a notification of major holdings: https://www.finanssivalvonta.fi/en/capital-markets/issuers-and-investors/notification-of-major-holdings/
Notifications of major holdings are sent to Wetteri by email at email@example.com