Adapteo Plc: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act
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Adapteo Plc Regulatory press release 9 October 2019 at 10:30 a.m. CEST
Adapteo Plc (the “Company”) has on 8 October 2019 received a notification pursuant to Chapter 9, Section 5 of the Securities Markets Act from Sterling Strategic Value Fund S.A., SICAV-RAIF.
According to the notification, the holding of Sterling Strategic Value Fund S.A., SICAV-RAIF in the Company’s shares and votes has exceeded 5 per cent on 7 October 2019. Sterling Strategic Value Fund S.A., SICAV-RAIF holds a total of 2,240,752 shares corresponding to an ownership of 5.0148 percent in Adapteo’s shares and votes.
Adapteo has a total of 44,682,697 shares. Each share entitles its holder to one (1) vote.
Total position of Sterling Strategic Value Fund S.A., SICAV-RAIF 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 | 5.0148 | 0.00 | 5.0148 | 44,682,697 |
| Position of previous notification (if applicable) | - | - | - |
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 | Number of shares and voting rights | Number of shares and voting rights | % of shares and voting rights | % of shares and voting rights |
| ISIN code (if possible) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI4000383898 | 2,240,752 | - | 5.0148 | - |
| SUBTOTAL A | 2,240,752 | 5.0148 |
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 |
| SUBTOTAL B |
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
For additional information, please contact
Timo Pirskanen, CFO, +358 50 3154320, timo.pirskanen@adapteo.com
Adapteo in brief
Adapteo is a leading Northern European provider of modular space solutions. We operate in Sweden, Finland, Norway, Denmark and Germany. Adapteo is a new brand with over 30 years of experience, born from the acquisition of Nordic Modular Group and the demerger from Cramo. We offer premium modular space solutions to schools, daycare centers, offices, accommodation and events for temporary and permanent needs. In 2018, Adapteo’s pro forma net sales were EUR 221 million. Pro forma net sales include the modular space business of Cramo Plc and acquired Nordic Modular Group’s net sales for full year.
A changing society needs adaptable space. At Adapteo, we make sure everyone has the right kind of space, so that people can grow, and societies can move ahead. We create flexible modular spaces that are good for the planet and great for the future. Adapteo is listed on Nasdaq Stockholm.
Space to grow