Sanoma Corporation, Stock Exchange Release, 9 May 2023 at 8:30EET
Sanoma Corporation: Disclosure under Chapter 9, Section 10 of the Securities Market Act
Sanoma has received an announcement from Rafaela Seppälä on 8 May 2023, in accordance with the Finnish Securities Market Act Chapter 9, Section 5. According to the announcement, the total holding of Sanoma Corporation’s shares and voting rights owned by Rafaela Seppälä fell below the level of 5% of the share capital of Sanoma Corporation as a result of share transactions concluded on 4 May 2023.
The total holding of Rafaela Seppälä fell to 7,654,746 shares, corresponding to 4.68% of Sanoma’s shares and voting rights.
Total positions of Rafaela Seppälä subject to the notification:
|% 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||4.68%||N/A||4.68%||7,654,746|
|Positions of previous notification||N/A||N/A||N/A||N/A|
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 |
|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)|
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|
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
Kaisa Uurasmaa, Head of Investor Relations and Sustainability, tel. +358 40 560 5601
Sanoma is an innovative and agile learning and media company impacting the lives of millions every day. Our Sustainability Strategy is designed to maximise our positive ‘brainprint’ on society and to minimise our environmental footprint. We are committed to the UN Sustainable Development Goals and signatory to the UN Global Compact.
Our learning products and services enable teachers to develop the talents of every child to reach their full potential. We offer printed and digital learning content as well as digital learning and teaching platforms for primary, secondary and vocational education, and want to grow our business.
Our Finnish media provide independent journalism and engaging entertainment also for generations to come. Our unique cross-media position offers the widest reach and tailored marketing solutions for our business partners.
Today, we operate in twelve European countries and employ more than 5,000 professionals. In 2022, our net sales amounted to approx. 1.3bn€ and our operational EBIT margin excl. PPA was 14.6%. Sanoma shares are listed on Nasdaq Helsinki. More information is available at sanoma.com.