Release details

2017-09-13 14:01 CEST
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Tokmanni Group Corporation - Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

 Tokmanni Group Corporation - Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Tokmanni Group Corporation                  Company Announcement    13 September 2017          15:00 EET

Tokmanni Group Corporation has today received a notification from Cidron Disco S.à r.l. according to which Cidron's direct holding in the Company has decreased to 0.00 percent on 12 September.

Total positions of Cidron:

  % 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 0.00 % 0.00 % 0.00% 58,868,752
Position of previous notification (if applicable) 15.21 % 0.00 % 15.21 %  

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
ISIN code (if possible) Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
FI4000197934 0 N/A 0,00 % N/A
       

Additional information:

On September 12 2017, Cidron Disco S.à r.l ("Cidron", a company ultimately owned by Nordic Capital VII Alpha. L.P, and Nordic Capital VI Beta, L.P. (for which Nordic Capital VII Limited acts as General Partner) , together with associated co-investment vehicles) sold its shares in Tokmanni Group Corporation ("Tokmanni") in an accelerated book-building process (the "Share Sale"). Cidron sold 8,952,301 shares in Tokmanni, corresponding to 15.21 percent of all shares and votes in Tokmanni. The transaction was several times oversubscribed. The sale price in the Share Sale was EUR 7.60 per share and the gross sales proceeds of the Share Sale amounted to approximately EUR 68 million. After the Share Sale, Cidron does not own any shares in Tokmanni.

For further information

Joséphine Mickwitz, Head of IR and Communications, tel: +358 20 728 6535

Tokmanni in brief

Tokmanni is the largest general discount retailer in Finland measured by number of stores and revenue. In 2016, Tokmanni's revenue was EUR 776 million and on average it had approximately 3,200 employees. Tokmanni is the only nationwide general discount retailer in Finland, with 162 stores across Finland as at 31 December 2016.

Distribution:
Nasdaq Helsinki Ltd  

Media   

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