Neles Corporation, Stock exchange release on July 15, 2020 at 10:30 a.m. 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 Valmet Corporation total number of shares of Neles Corporation.
On July 14, 2020, Valmet Corporation's direct shareholding in Neles exceeded the 15 percent threshold and amounted to 23 304 869 shares, or 15.50 percent of Neles' shares and votes.
Valmet Corporation's holdings according to the notification:
% of shares and % of shares and voting rights Total of
voting rights through financial instruments both in %
(A) (B) (A + B)
Resulting 15.50% 15.50%
situation on the
on which the
Position of 14.88% 14.88%
Number % of shares
of and voting
ISIN Code Direct Indirect Direct (SMA Indirect (SMA 9:6 and 7)
(SMA (SMA 9:6 and 9:5)
FI4000440664 23 304 15.50%
SUBTOTAL A 23 304 15.50%
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 (http://www.twitter.com/nelesflow)
(c) 2020 Cision. All rights reserved., source Press Releases - English