Neles Corporation, Stock exchange release on September 8, 2020 at 1:15 p.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 September 7, 2020, Valmet Corporation's total holding in Neles shares and in financial instruments entitling to shares exceeded the 25 percent threshold and amounted to 37,135,145 shares, or 25.11 percent of Neles' shares and votes. Neles' total number of shares and voting rights is 150,348,256.

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 24.70% 0.41% 25.11%
situation on the
date
on which the
threshold was
reached
Position of 21.11% - 21.11%
previous
notification
 
A: Shares
and voting
rights
Number % of shares and voting rights
of
shares
and
voting
rights
ISIN Code Direct Indirect Direct(SMA 9:5) Indirect(SMA 9:6 and 7)
(SMA (SMA 9:6 and
9:5) 7)
FI4000440664 37 135 - 24.70% -
145
SUBTOTAL A 37 135 24.70%
145
 
B:
Financial
Instruments
according
to
SMA 9:6a
Type of Expiration Exercise Physical Number of shares % of shares
financial date Period or cash and voting rights and voting
instrument settlement rights
Forward N/A N/A Share 620 000 0.41%
contract delivery /
net value
account
SUBTOTAL B 620 000 0.41%

                                  

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.

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