HARVIA PLC STOCK EXCHANGE RELEASE 27 MARCH 2018 AT 4:00 P.M. EET
Harvia Plc's ten largest shareholders after the completion of the Initial
Public Offering
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE
OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE
WOULD BE UNLAWFUL.
The ten largest registered shareholders of Harvia Plc ("Harvia" or the
"Company") and their shares of ownership after the initial public offering (the
"IPO") are shown in the table below. Shareholders' holdings have been retrieved
from the shareholders' register maintained by Euroclear Finland Ltd (situation
as at 26 March 2018).
Shareholder Number of shares % of shares and votes
CapMan Buyout X Fund A L.P.((1) 3,176,603 17.12
Skandinaviska Enskilda Banken AB (publ)
Helsinki Branch 2,949,000 15.90
Nordea Bank AB (publ), Finnish Branch 2,176,121 11.73
CapMan Buyout X Fund B Ky((2) 1,328,404 7.16
Sijoitusrahasto Nordea Nordic Small Cap 1,294,793 6.98
Ilmarinen Mutual Pension Insurance
Company 515,000 2.78
Odin Finland 475,000 2.56
OP-Suomi Pienyhtiöt 450,000 2.43
Tiipeti Oy 429,290 2.31
Sijoitusrahasto Säästöpankki Pienyhtiöt 420,000 2.26
Ten largest, in total 13,214,211 71.24
Other shareholders 5,335,668 28,76
Total 18,549,879 100.0
1) The Company has received a notification in accordance with the Chapter 9,
Section 10 of the Finnish Securities Market Act from CapMan Buyout X Fund A L.P.
("CapMan Fund A"), according to which CapMan Fund A's direct holding of the
shares and votes of the Company decreased to 17.12 percent and CapMan Fund A's
holding through financial instruments increased above the threshold of 5 percent
on 22 March 2018. The change was due to a share lending agreement signed by
CapMan Fund A and Danske Bank A/S, Finland Branch ("Danske Bank") in connection
with the Initial Public Offering of the Company on 22 March 2018, according to
which CapMan Fund A has on 22 March 2018 lent 1,085,268 existing shares in the
Company to Danske Bank. The registered holdings of CapMan Fund A, which amounts
to 3,176,603 shares, does not include the lent shares.
2) CapMan Buyout X Fund B Ky ("CapMan Fund B") has on 22 March 2018 lent
453,841 existing shares in the Company to Danske Bank. The registered holdings
of CapMan Fund B, which amounts to 1,328,404 shares, does not include the lent
shares.
The following table sets forth for illustrative purposes the ten largest
shareholders of Harvia before the execution of the Company's IPO on (situation
as at 28 February 2018).
Shareholder Number of shares % of shares and votes
CapMan Buyout X Fund A L.P. 4,741,198 49.0
CapMan Buyout X Fund B Ky 1,982,692 20.5
Avus Oy 429,290 4.4
Tiipeti Oy 429,290 4.4
KTR-Invest Oy 429,290 4.4
Mantereenniemi Oy 429,290 4.4
Tapio Pajuharju 220,000 2.3
David Ahonen 135,000 1.4
Timo Harvia 128,750 1.3
Teemu Harvia 128,750 1.3
Ten largest, in total 9,053,550 93.5
Other shareholders 626,250 6.5
Total 9,679,800 100.0
Additional information:
Tapio Pajuharju, CEO
tel. +358 50 577 4200
tapio.pajuharju@harvia.fi
Harvia in short
Harvia is one of the leading companies operating in the sauna and spa market
globally, as measured by revenue.[1] Harvia's brands and product offering are
well-known in the market[2] and the Company's comprehensive product offering
strives to meet the needs of the international sauna and spa market, of both
private and professional customers.
Harvia's revenue amounted to EUR 60.1 million in 2017, its operating profit was
EUR 9.3 million and adjusted operating profit EUR 10.7 million during the same
period. The Company employs some 365 professionals in Finland, China and Hong
Kong, Romania, Austria, Germany and Estonia. The company's headquarters in
Muurame, Finland are adjacent to its largest sauna and sauna component
manufacturing facility.
DISTRIBUTION
Nasdaq Helsinki Ltd
Principal media
DISCLAIMER
The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States, Canada, New Zealand,
Australia, Japan, Hong Kong, Singapore or South Africa. The information
contained herein does not constitute an offer of securities for sale in the
United States, nor may the securities be offered or sold in the United States
absent registration or an exemption from registration as provided in the U.S.
Securities Act of 1933, as amended, and the rules and regulations thereunder.
Harvia Plc (the "Company") does not intend to register any portion of the
offering in the United States or to conduct a public offering of securities in
the United States.
The issue, exercise and/or sale of securities in the initial public offering are
subject to specific legal or regulatory restrictions in certain states. The
Company, Danske Bank A/S, Finland Branch and Handelsbanken Capital Markets, a
part of Svenska Handelsbanken AB (publ), assume no responsibility in the event
there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a
solicitation of an offer to buy, nor shall there be any sale or offer of the
securities referred to herein in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration, exemption from
registration or qualification under the securities laws of any such
jurisdiction. Investors must neither accept any offer for, nor acquire, any
securities referred to in this release, unless they do so on the basis of the
information contained in the prospectus published or offering circular
distributed by the Company.
The Company has not authorized any offer to the public of securities in any
Member State of the European Economic Area other than Finland. With respect to
each Member State of the European Economic Area other than Finland, and which
has implemented the Prospectus Directive (each, a "Relevant Member State"), no
action has been undertaken or will be undertaken to make an offer to the public
of securities requiring publication of a prospectus in any Relevant Member
State. As a result, the securities may only be offered in Relevant Member States
(a) to any legal entity which is a qualified investor as defined in the
Prospectus Directive; or (b) in any other circumstances falling within Article
3(2) of the Prospectus Directive. For the purposes of this paragraph, the
expression an "offer of securities to the public" means the communication in any
form and by any means of sufficient information on the terms of the offer and
the securities to be offered so as to enable an investor to decide to exercise,
purchase or subscribe the securities, as the same may be varied by any measure
implementing the Prospectus Directive in that Relevant Member State and the
expression "Prospectus Directive" means Directive 2003/71/EC (and amendments
thereto, including the 2010 PD Amending Directive, to the extent implemented in
the Relevant Member State), and includes any relevant implementing measure in
the Relevant Member State and the expression "2010 PD Amending Directive" means
Directive 2010/73/EU.
This communication is directed only at (i) persons who are outside the United
Kingdom or (ii) persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth
entities, and other persons to whom it may lawfully be communicated, falling
within Article 49(2) of the Order (all such persons together being referred to
as "Relevant Persons"). Any investment activity to which this communication
relates will only be available to and will only be engaged with, Relevant
Persons. Any person who is not a Relevant Person should not act or rely on this
document or any of its contents.
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[1] International Management Consultant Analysis conducted in autumn 2017 and
commissioned by Harvia.
[2] The Harvia brand was the most recognised sauna brand in a survey of Finnish,
Swedish, German, Russian and American consumers (altogether 810 consumers)
conducted by an international management consultant company in autumn 2017 and
commissioned by Harvia.
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