Rapala VMC Corporation
Stock Exchange Release
September 14, 2017 at 5:00 p.m.
RAPALA VMC CORPORATION - ANNOUNCEMENT OF A CHANGE IN SHAREHOLDING IN ACCORDANCE WITH CHAPTER 9 SECTION 10 OF THE FINNISH SECURITIES MARKET ACT - NORDEA FUNDS LTD OWNERSHIP DECREASES UNDER 10%
Rapala VMC Corporation has received a notification from Nordea Funds Ltd (Company ID 1737785-9) in accordance with Chapter 9, Section 5 of the Finnish Securities Market Act on the change in its holdings. According to the notification the following changes in holdings have taken place on September 13, 2017:
Nordea Funds Ltd's holding in shares and voting rights of Rapala VMC Corporation (ISIN code: FI0009007355) has decreased under 10 per cent. Following the sale of 50,000 Rapala VMC Corporation shares Nordea Funds Ltd owns 3,872,395 shares or 9.93% of all shares and voting rights. Rapala VMC Corporation has a total of 39,000,000 shares and votes.
Total position of Nordea Funds Ltd:
|% 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||9.93 %||0.00 %||9.93 %||39,000,000|
|Position of previous notification||11.07 %||0.00 %||11.07 %||39,468,449|
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, ISIN-code||Number of shares and voting rights||% of shares and voting rights|
|Direct (SMA 9:5)||Indirect (SMA 9:6 and 9:7)||Direct (SMA 9:5)||Indirect (SMA 9:6 and 9:7)|
|FI0009007355||3,872,395||0||9.93 %||0.00 %|
RAPALA VMC CORPORATION
Chief Executive Officer
For further information, please contact:
Company Counsel, Olli Aho, tel. +358 9 7562 540
Distribution: NASDAQ Helsinki and Main Media
Rapala VMC Corporation ("the Group") is a leading fishing tackle company and the global market leader in fishing lures, treble hooks and fishing related knives and tools. The Group also has a strong global position in other fishing categories and it is one of the leading distributors of outdoor, hunting and winter sport products in the Nordic countries. The Group has the largest distribution network in the industry. The main manufacturing facilities are located in Finland, France, Estonia, Russia, Indonesia and the UK. The Group brand portfolio includes the leading brand in the industry, Rapala, and other global brands like VMC, Sufix, Storm, Blue Fox, Luhr Jensen, Williamson, Dynamite Baits, Mora Ice, StrikeMaster, Marttiini and Peltonen. The Group, with net sales of EUR 261 million in 2016, employs some 2 800 people in 40 countries. Rapala VMC Corporation's share is listed and traded on the Nasdaq Helsinki stock exchange since 1998.