Suomen Hoivatilat Oyj: disclosure under chapter 9, section 10 of the Securities Market Act

Published: 28. March 2017 at 15:30:00 CET

Suomen Hoivatilat Oyj                                                                        
Stock exchange release 28 March 2017, 4:30 pm

Suomen Hoivatilat Oyj: disclosure under chapter 9, section 10 of the Securities Market Act

Suomen Hoivatilat Oyj ("Hoivatilat") has received a notification pursuant to chapter 9, section 5 of the Securities Market Act from Partnera Oy, according to which the aggregate ownership of shares and votes in Hoivatilat of Nurture Property Holding Oy and Nurture Real Estate Holding Oy, entities in Partnera Oy's control, has fallen below the threshold of 20% following an event changing the breakdown of shares or voting rights on 28 March 2017. Nurture Property Holding Oy holds 12.17% and Nurture Real Estate Holding Oy holds 6.68% of all shares and votes in Hoivatilat.

Aggregate position of Partnera Oy and entities in its control according to the notification:

  % of shares and voting rights (total of A) % of shares and voting rights through financial instruments (total of B) Total of both in % (A+B) Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached 18.85%   18.85% 25,288,859
Positions of previous notification        

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: 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)
FI4000148648   4,767,012   18.85%
SUBTOTAL A 4,767,012 18.85%

B: Financial instruments according to SMA 9:6a
Type of financial
instrument
Expiration date Exercise/
Conversion Period 
Physical or
cash settlement
Number of shares
and voting rights
% of shares and
voting rights
None          
SUBTOTAL B          

Hoivatilat has been informed by Partnera Oy that after the crossing of the notification threshold Partnera Oy holds indirectly 18.85% of the shares in Suomen Hoivatilat Oyj though two subsidiaries 100% owned by Partnera Oy. Partnera Oy's subsidiary Nurture Property Holding Oy holds 12.17% of the shares in the target company and subsidiary Nurture Real Estate Holding Oy holds 6.68% of the shares in the target company.

Suomen Hoivatilat Oyj

Further information:
Jussi Karjula, CEO, tel.: +358 40 773 4054

Suomen Hoivatilat in brief:
Suomen Hoivatilat Oyj specialises in producing, developing, owning and leasing out nursing homes, day care centres and service blocks. Hoivatilat was founded in 2008, and the company has been working in cooperation with as many as approximately 50 Finnish municipalities and launched over 100 property projects around Finland. The company was listed on the official list of Nasdaq Helsinki Ltd on 1 March 2017.