Neles Corporation, Stock exchange release on October 28, 2020 at 1:30 p.m. EET
Neles Corporation has received a notification, pursuant to Chapter 9, Section 5 and 6 of the Finnish Securities Markets Act, about the holding of Alfa Laval AB’s total number of shares of Neles Corporation.
On October 27, 2020, Alfa Laval AB (publ)'s total holding in Neles shares and in financial instruments entitling to shares exceeded the 5 percent threshold and amounted to 12,723,923 shares, or 8.46 percent of Neles’ shares and votes. Neles’ total number of shares and voting rights is 150,348,256.
Alfa Laval AB (publ)’s holdings according to the notification:
6. Total positions of person(s) subject to the notification obligation:
||% of shares and voting rights (A)
||% of shares and voting rights through financial instruments (B)
||Total of both in %
(A + B)
|Resulting situation on the date on which the threshold was reached
|Position of previous notification
7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
B: Financial Instruments according to SMA 9:6a
|Type of financial instrument
||Exercise/ Conversion Period
||Physical or cash settlement
||Number of shares and voting rights
||% of shares and voting rights
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.