Published: 2016-01-12 17:00:00 CET
YIT
Company Announcement

Notification according to Chapter 9, Section 10 of the Securities Markets Act of change in holdings in YIT Corporation shares

Helsinki, Finland, 2016-01-12 17:00 CET -- YIT CORPORATION              STOCK EXCANGE RELEASE                     JANUARY 12, 2016 AT 6:00 P.M.

   

Notification according to Chapter 9, Section 10 of the Securities Markets Act of change in holdings in YIT Corporation shares

YIT Corporation has on January 12, 2016 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of BlackRock, Inc. and its funds in YIT has exceeded the threshold of 5 per cent.

According to the announcement, the holding of BlackRock, Inc. and its funds in YIT has increased to 6,374,475 shares, corresponding to 5.01 per cent of YIT's shares and voting rights.

YIT has one share series, each share entitling to one vote. YIT’s registered total number of shares amounting to 127,223,422 has been used in the calculation of percentages for the announcement.

Total positions of BlackRock, Inc. and its funds subject to the notification:

Date % shares and voting rights % of shares and voting rights through financial instruments % total
Resulting situation on the date on which threshold was crossed or reached 2.50 2.50 5.01
Position of previous notification (if applicable)                        Below 5                      Below 5                          Below 5

Notified details of the resulting situation on the date on which the threshold was crossed:

A: Shares and voting rights:

Class/type of shares
ISIN code (if possible)
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)
FI0009800643   3,191,597   2.50
SUBTOTAL A 3,191,597   2.50  

B: Financial instruments according to SMA 9:6a:

Type of financial instrument Expiration date Exercise/ Conversion Period Physical or cash settlement Number of shares and voting rights % of shares and voting rights
Securities Lent N/A N/A Physical 361,412 0.28
CFD N/A N/A Cash 2,821,466 2.21
      SUBTOTAL B 3,182,878 2.50

 

For further information, please contact:

Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
 

 

YIT CORPORATION

Sanna Kaje
Vice President, Investor Relations and M&A

 

Distribution: NASDAQ OMX, major media, www.yitgroup.com

YIT is a construction industry leader. We create better living environments in Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Over 100 years of experience have secured us a strong market position: we are the largest housing developer and one of the largest business premises and infrastructure developers in Finland, and the most significant foreign housing and area developer in Russia. Our vision is to stay one step ahead – while taking care of our customers, partners and personnel. We have nearly 6,000 employees in eight countries. In 2014, our revenue amounted to around EUR 1.8 billion. Our share is listed on NASDAQ OMX Helsinki. www.yitgroup.com