17.11.2021 16:00Pörssitiedotteet / Stock exchange releases

Orthex Corporation – Notification under Chapter 9, Section 10 of the Finnish Securities Markets Act: Shareholdings of Ilmarinen exceeded the threshold of 5%

Orthex Corporation, Stock exchange release, 17 November 2021 at 4.00 p.m. EET

Orthex Corporation has today, on 17 November 2021, received a notification in accordance with Chapter 9, Section 9 of the Finnish Securities Market Act from Keskinäinen Eläkevakuutusyhtiö Ilmarinen (“Ilmarinen“), according to which Ilmarinen’s total holding of the shares and votes in Orthex has exceeded the threshold of 5%.

Total positions of Ilmarinen 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 5.97 0 5.97 17,758,854
Position of previous notification (if applicable) 0 0 0

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 1,061,000 0 5.97 0
SUBTOTAL A 1,061,000 5.97

Further enquiries

Alexander Rosenlew, CEO, Orthex Corporation                
Tel. +358 (0)40 500 3826

Saara Mäkelä, CFO, Orthex Corporation     
+358 (0)40 083 8782

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.