Kesko Corporation corrects the stock exchange release issued on 14 November 2025
regarding a notification. The release was missing information of the chain of
controlled undertakings.
According to a notification pursuant to Chapter 9, Section 5 of the Finnish
Securities Markets Act, received by Kesko Corporation on 14 November 2025, the
combined holding of K-ruokakauppiasyhdistys, K-Retailers' Association, and the
Foundation for Vocational Training in the Retail Trade exceeded the threshold of
five (5) percent for shares and twenty (20) percent for voting rights in Kesko
Corporation on 13 November 2025. After the change in ownership interest, the
combined holding of K-ruokakauppiasyhdistys, K-Retailers' Association, and the
Foundation for Vocational Training in the Retail Trade was 7.72 percent of
shares and 20.01 percent of voting rights in Kesko Corporation on 13 November
2025.
According to the notification of K-ruokakauppiasyhdistys:
% of % of shares Total of Total number of shares
shares and voting both in and voting rights of
and rights % (A + issuer
voting through B)
rights financial
(total instruments
of A) (total of B)
Resulting 7.72% - 7.72% 30,865,916 shares,
situation on the shares, shares, 308,659,160 voting
date on 20.01% 20.01% rights
which threshold voting voting
was crossed or rights rights
reached
Position of ------------------------
previous
notification
(if applicable)
A: Shares
and voting
rights
Class/type Number of % of shares and
of shares and voting rights
shares voting
rights
Direct Indirect Direct Indirect
(SMA 9:5) (SMA 9:6 and (SMA 9:5) (SMA 9:6 and
9:7) 9:7)
KESKOA / 2,707,540 28,158,376 0.68% 7.04 % shares
FI0009007900 shares, shares, shares,1.76% 18.25% voting
27,075,400 281,583,760 voting rights rights
voting voting
rights rights
SUBTOTAL A 30,865,916 7.72% shares,
shares, 20.01% voting
308,659,160 rights
voting
rights
--------------------------------
The missing information:
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 % of shares and voting rights Total of both
shares through financial instruments
and
voting
rights
K-ruokakauppiasyhdisty 0.68% - 0.68% shares,
s (1524925 shares, 1.76% voting
-5) 1.76% rights
voting
rights
K-Retailers' 5.58% - 5.58% shares,
Association (0202334 shares, 14.46% voting
-5) 14.46% rights
voting
rights
Foundation for 1.46% - 1.46% shares,
Vocational shares, 3.79% voting
Training in the 3.79% rights
Retail Trade voting
(0755499-7) rights
K-ruokakauppiasyhdistys exercises control over K-Retailers' Association based on
membership. According to the rules of K-Retailers' Association, regular members
of the Association use voting rights in the Association's meetings via appointed
representatives. One representative is elected for each full or partial group of
50 member retailers. Each representative has one vote. K-ruokakauppiasyhdistys
has 18 representatives out of the 23 representatives elected for meetings of K
-Retailers' Association, and on that basis, K-ruokakauppiasyhdistys exercises
control over the Association. Meanwhile, K-Retailers' Association exercises
control over the Foundation for Vocational Training in the Retail Trade by
virtue of the right to appoint the majority of the members of the board.
---------------------------------
Kesko Corporation's share capital is divided into A shares and B shares. The
total number of shares is 400,079,008 of which 126,948,028 (31.7%) are A shares
and 273,130,980 (68.3%) are B shares. The total amount of own B shares held by
the company is 1,960,181.
Further information is available from Lasse Luukkainen, Executive Vice
President, Legal and Sustainability, tel. +358 105 322 818.
Kesko Corporation
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www.kesko.fi