Flagging notification: Shareholding of Georg Fischer AG in Uponor has gone above the threshold of 10 per cent
Uponor Corporation, Stock Exchange Release, 16 October 2023 at 9:15 am EET
Flagging notification: Shareholding of Georg Fischer AG in Uponor has gone above the threshold of 10 per cent
This is a notification in accordance with Chapter 9, Section 10 of the Finnish Securities Market Act. On 15 October 2023, Uponor Corporation has received a notification of a change in shareholding in accordance with Chapter 9, Section 5 of the Securities Market Act.
According to the notification, holdings of Georg Fischer AG (Schaffhausen, Switzerland) in shares of Uponor Corporation has gone above the threshold of 10% on 13 October 2023 and is 7,336,068 shares representing 10.02% of the share capital and votes in the company.
The share capital of Uponor Corporation consists of 73,206,944 shares and each share is entitled to one vote at the general meeting of shareholders.
| Total positions of the entities subject to the notification obligation: | ||||
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 10.02 | N/A | 10.02 | 73,206,944 |
| Position of previous notification (if applicable) | 5.70 | N/A | 5.70 | |
| 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) | |
| FI0009002158 | 7,336,068 | N/A | 10.02 | N/A |
| A: SUBTOTAL | 7,336,068 | 10.02 | ||
Georg Fischer AG has on June 26, 2023, commenced a voluntary recommended cash tender offer for all issued and outstanding shares in Uponor Corporation.
Further information:
Franciska Janzon
Senior Vice President, Corporate Communications and IR
Uponor Corporation
Tel. +358 (0)20 129 2821
DISTRIBUTION:
Nasdaq Helsinki
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Uponor in brief
Uponor is a leading global provider of solutions that efficiently and effectively move water through cities, buildings, and homes. We help customers in residential and commercial construction, municipalities, and utilities, be more productive – and continuously find new ways to conserve, manage and provide water responsibly, unlocking its potential to provide comfort, health, and efficiency. Our safe drinking water, energy-efficient radiant heating and cooling systems, and reliable infrastructure solutions are sold in more than 80 countries. Uponor employs about 3,900 professionals in 26 countries in Europe and North America.
In 2022, the company’s net sales totalled approximately €1.4 billion. Uponor Corporation is based in Finland and listed on Nasdaq Helsinki.
