ORTHEX CORPORATION: ANNOUNCEMENT OF A CHANGE IN SHAREHOLDING TO CHAPTER 9, SECTION 10 OF THE FINNISH SECURITIES MARKETS ACT
Orthex Corporation, Stock exchange release, 17 November 2021 at 10.00 a.m. EET
Orthex Corporation (“Orthex“ or the “Company”) has today, on 17 November 2021, received a notification in accordance with Chapter 9, Section 10 of the Finnish Securities Market Act from Sponsor Partners Oy (“Sponsor“), according to which Sponsor has sold a total number of 2,057,725 of the Company’s shares in an accelerated book-building process (the “Share sale”). In connection with the Share sale, Sponsor’s total holding of the shares and votes of the Company has fallen below five (5) per cent.
Total positions of Sponsor in the Company 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 in issuer | |
| Resulting situation on the date which threshold was crossed or reached | 0 | 0 | 0 | 17,758,854 |
| Position of previous notification (if applicable) | 11.59 | 0 | 11.59 |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights
| Number of shares and voting rights | % of shares and voting rights | |||
| Class/type of shares | Direct(SMA 9:5) | Indirect(SMA 9:6 and 9:7) | Direct(SMA 9:5) | Indirect(SMA 9:6 and 9:7) |
| FI4000480504 | 0 | 0 | 0 | 0 |
| SUBTOTAL A | 0 | 0 | ||
Other information provided in the notification:
Information in relation to the person subject to the notification obligation:
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 number of shares and voting rights in issuer |
| Sponsor Capital Oy | 0 | 0 | 0 |
| Sponsor Partners Oy | 0 | 0 | 0 |
| Sponsor Fund IV Ky | 0 | 0 | 0 |
Further enquiries
Alexander Rosenlew, CEO, Orthex Corporation
Tel. +358 (0)40 500 3826
alexander.rosenlew@orthexgroup.com
Saara Mäkelä, CFO, Orthex Corporation
Tel. +358 (0)40 083 8782
saara.makela@orthexgroup.com
Orthex in brief
Orthex is a leading Nordic houseware producer that strives to make consumers’ everyday life easier with its products that are presented under the consumer brands SmartStore™ in storage products, GastroMax™ in kitchenware and Orthex™ in home and plant care categories. Orthex aims to be the industry forerunner in sustainability.
Orthex’s net sales in 2020 was 75.9 million euros and operating profit 12.3 million euros. The company has customers in more than 40 countries and local sales offices in Finland, Sweden, Norway, Denmark, Germany, France, and the United Kingdom. Orthex is listed on the Nasdaq Helsinki stock exchange.