Printer Friendly

PA[pilcrow sign]yry announces change in shareholding pattern of A...F AB.

NORDIC BUSINESS REPORT-December 12, 2018-PA[pilcrow sign]yry announces change in shareholding pattern of A...F AB


Poyry Oyj (HEL:POY1V), an international consulting and engineering company, announced on Tuesday the receipt on 11 December 2018 of a disclosure according to which the holdings of AF AB (STO:AFB) in Poyry's shares has exceeded the threshold of 5%.

Reportedly, this threshold was exceeded as a result of share purchases concluded on 10 December 2018.

After these share purchases, AF AB now owns 3,407,086 Poyry shares. Poyry has a total of 61,952,801 shares. Each share entitles its holder to one vote.

AF AB (the offeror) and Poyry had on 10 December 2018, entered into a combination agreement under which the offeror will make a voluntary recommended public cash tender offer to purchase all issued and outstanding shares in Poyry. This tender offer was announced on 10 December 2018.

Under this agreement, the offeror reserved the right to buy shares in Poyry 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 Poyry has increased to 5.50%.

Poyry serves clients across power generation, transmission & distribution, forest industry, biorefining & chemicals, mining & metals, infrastructure and water & environment.

((Comments on this story may be sent to

COPYRIGHT 2018 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:Poyry Oyj
Publication:Nordic Business Report
Article Type:Brief article
Geographic Code:4EUFI
Date:Dec 12, 2018
Previous Article:Alm. Brand's employees entitled to participate in share-based remuneration programme.
Next Article:Dustin Group reports on resolutions of AGM 2017/18.

Terms of use | Privacy policy | Copyright © 2020 Farlex, Inc. | Feedback | For webmasters