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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Neles Oyj    NELES   FI4000440664

NELES OYJ

(NELES)
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Notification according to chapter 9, section 5 and 6 of the Securities Market Act: BlackRock Inc.'s holding in Neles

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08/26/2020 | 02:01am EDT

Neles Corporation, Stock exchange release on August 26, 2020 at 9.00 EEST

Neles Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about a change in the holding of mutual funds managed by BlackRock, Inc. of the total amount of shares and financial instruments entitling to shares of Neles Corporation.

On August 24, 2020, BlackRock, Inc.'s total holding in Neles shares and in financial instruments entitling to shares fell below 5 percent. Neles' total number of shares and voting rights is 150,348,256.

BlackRock Inc.'s position according to their notification:

6. Total
positions of
person(s)
subject to the
notification
obligation:
% of % of shares Total Total number of shares
shares and voting of and voting rights of
and rights both issuer
voting through in %
rights financial (7.A +
(total instruments 7.B)
of 7.A) (total of 7.B)
Resulting Below N/A Below 150,348,256
situation on the 5% 5%
date on
which threshold
was crossed or
reached
Position of 5.39% N/A 5.39%
previous
notification
(if applicable)
 
7. 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 Number of % of shares and voting rights
sharesISIN shares and
code (if voting
possible) rights
Direct(SMA Indirect(SMA Direct(SMA Indirect(SMA 9:6 and 9:7)
9:5) 9:6 and 9:7) 9:5)
FI4000440664 Below 5% Below 5%
SUBTOTAL A Below 5% Below 5%

Neles Corporation

Distribution:

Nasdaq Helsinki

Media

www.neles.com

Neles is one of the leading providers of mission-critical flow control solutions and services for process industries. With our global team of experts and innovative solutions, we help our customers to improve their process performance and ensure safe flow of materials. Neles is listed on the Nasdaq Helsinki in Finland and had sales of about EUR 660 million in 2019. Neles employs about 2,900 people in around 40 countries. Neles was created in the partial demerger of Metso Corporation, and trading in Neles stock started on July 1, 2020.

www.neles.com, Twitter.com/nelesflow (http://www.twitter.com/nelesflow)

http://publish.ne.cision.com//Release/ViewReleaseHtml/36A9794A282351A5E0C856B0705FC7D6

(c) 2020 Cision. All rights reserved., source Press Releases - English


Stocks mentioned in the article
ChangeLast1st jan.
BLACKROCK, INC. -1.56% 634.99 Delayed Quote.28.32%
NELES OYJ -0.34% 11.61 Delayed Quote.12.79%
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Financials
Sales 2020 584 M 692 M 692 M
Net income 2020 53,8 M 63,8 M 63,8 M
Net Debt 2020 63,9 M 75,8 M 75,8 M
P/E ratio 2020 33,1x
Yield 2020 1,43%
Capitalization 1 750 M 2 070 M 2 075 M
EV / Sales 2020 3,11x
EV / Sales 2021 2,87x
Nbr of Employees 2 950
Free-Float 71,9%
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Technical analysis trends NELES OYJ
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 8
Average target price 15,22 €
Last Close Price 11,65 €
Spread / Highest target 197%
Spread / Average Target 30,6%
Spread / Lowest Target -1,29%
EPS Revisions
Managers
NameTitle
Percy Henrik Mikael Lilius Chairman
Vesa Erolainen Chief Information Officer
Christer Göran Harald Gardell Vice Chairman
Lars Olof Josefsson Independent Director
Arja Aila Hannele Talma Independent Director
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