Notification of a change in voting rights under chapter 9, section 10 of the Finnish Securities Market Act; a joint venture agreement concerning shareholdings in Stockmann

STOCKMANN plc, Major shareholders announcements 28.3.2023 at 8:00 EET

 

Stockmann plc has on 27 March 2023 received a notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act from Föreningen Konstsamfundet r.f.

 

According to the notification, Mercator Media Ab and Peek & Cloppenburg Holding B.V. have entered into a joint venture agreement for the purpose of governing their respective rights and obligations as regards certain aspects of the operation and management of the joint venture (Nordic Retail Partners JV LP) and its general partner (Nordic Retail Partners JV General Partner Ltd), which joint venture the parties have formed for the purpose of pooling their holdings of shares in Stockmann Oyj Abp. Pursuant to the joint venture agreement, Mercator Media Ab, Peek & Cloppenburg Holding B.V. and their respective affiliates, including Föreningen Konstsamfundet r.f. and JC Switzerland Holding AG have transferred all their respective shares in Stockmann Oyj Abp to the joint venture, Nordic Retail Partners JV LP.

 

As a result of the formation of the joint venture, the vote pooling agreement between JC Switzerland Holding AG and Föreningen Konstsamfundet r.f., which was notified by way of a notification of major holdings on 11 January 2023, has been terminated.

 

Total position of Föreningen Konstsamfundet r.f. according to the notification:

 

	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both in %	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	0%	0%	0%	155 880 206
Position of previous notification (if applicable)	10.36% (shares); 15.38% (voting rights)	0%	10.36% (shares); 15.38% (voting rights)

 

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)
FI0009000251	0	0	0%	0%
SUBTOTAL A	0		0%

 

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:

 

Name	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both
Föreningen Konstsamfundet r.f.	0%		0%
Mercator Media Ab	0%		0%

 

Further information:
Jari Latvanen, CEO, tel. +358 9 121 5606

 

www.stockmanngroup.com

 

STOCKMANN plc

 

Jari Latvanen
CEO

 

Distribution:
Nasdaq Helsinki
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