YIT has, for fulfilment of the terms of the convertible notes announced on 12 March 2024, resolved on a directed share issue of up to 16 million shares
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- Stock Exchange Release
- 28.06.2016 15:30 CET
Notification according to Chapter 9, Section 10 of the Securities Markets Act of change in holdings in YIT Corporation shares
YIT CORPORATION Stock Exchange Release June 28, 2016 AT 4:30 P.M.
YIT Corporation has on June 28, 2016 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of JPMorgan Chase & Co. and its funds in YIT has fallen below the threshold of 5 per cent. According to the announcement, the holding had fallen below the threshold on June 27, 2016.
According to the announcement, the holding of JPMorgan Chase & Co. and its funds in YIT has on June 27, 2016 decreased to 6,002,923 shares, corresponding to 4.72 per cent of YIT's shares and voting rights.
YIT has one share series, each share entitling to one vote. YIT’s registered total number of shares amounting to 127,223,422 has been used in the calculation of percentages for the announcement.
Total positions of JPMorgan Chase & Co. and its funds subject to the notification:
| Date | % shares and voting rights | % of shares and voting rights through financial instruments | % total |
| Resulting situation on the date on which threshold was crossed or reached | 4.72%% | 0.00% | 4.72% |
| Position of previous notification (if applicable) | 5.33% | 0.00% | 5.33% |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights:
| Class/type of shares ISIN code (if possible) |
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) |
|
| FI0009800643 | 5,996,762 | 4.71 % | ||
| SUBTOTAL A | 5,996,762 | 4.71 % |
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 |
| Contract for difference | N/A | N/A | Cash settlement | 6,161 | 0.00% |
| SUBTOTAL B | 6,161 | 0.00% |
For further information please contact:
Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
YIT CORPORATION
Sanna Kaje
Vice President, Investor Relations and M&A
Distribution: NASDAQ Helsinki, major media, www.yitgroup.com
YIT creates sustainable cities and better living environment by developing and constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. In 2015, our revenue amounted to nearly EUR 1.7 billion, and we employ about 5,300 employees. Our share is listed on Nasdaq Helsinki. www.yitgroup.com