Lehto Group Plc
Stock exchange release
28 February 2025 at 13.30 (Finnish time)
Lehto Group Plc (”Lehto”, Business ID: 2235443-2) has received a flagging
notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market
Act from Hannu Lehto and the company he controls (Lehto Invest Oy, business ID
2034042-4). According to the notification Hannu Lehto's combined direct and
indirect ownership and voting rights in Lehto Group Plc have as of 28 February
2025 fallen below the 50% reporting threshold of the Company's total shares and
voting rights.
· Name of the notifier:
Hannu Lehto
· Basis of the notification:
Disposal of the shares
· Date of reaching the flagging threshold: 28
February 2025
Initially, Hannu Lehto's ownership increased above 50 percent threshold, when
Lehto Invest Oy's investment in the 15 million convertible bond issued by Lehto
Group Oyj in 2022 was converted into shares. The new shares created in the
conversion were registered in the trade register on 31 January 2025.
Lehto Invest Oy and Hannu Lehto, who exercises control over it, have used the
exemption provision under Chapter 11, Section 21, Subsection 5 of the Securities
Market Act and waived their voting rights exceeding the 50 percent threshold
within one month from the creation of the obligation to make the public tender
offer. Lehto Invest Oy has made a disposal of 2,900,000 shares on 28 February
2025.
The number of Lehto Group Oyj's shares is a total of 162,339,410 shares, of
which each share produces one (1) vote.
Total position of
the notifier
according to the
notification:
% of % of shares Total Total number
shares and voting of of shares and
and rights both voting rights
voting through in % of Lehto Group
rights financial (A + Plc
(A) instruments B)
(B)
Resulting 49,96 % - 49,96 162 339 410
situation on the %
date on
which threshold
was crossed or
reached
Position of 51,75 % - 51,75 162 339 410
previous %
notification
(if applicable)
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 Number of % of shares and voting rights
shares (ISIN shares and
code) voting
rights
Direct (SMA 9:5) Indirect(SMA Direct Indirect (SMA 9:6 ja 9:7
9:6 ja 9:7) (SMA
9:5)
FI400081138 191 745 80 914 0,12 % 49,84 %
760
SUBTOTAL A 81 106 505 49,96 %
Full chain
of
controlled
undertakings
through
which the
voting
rights
and/or the
financial
instruments
are
effectively
held:
Name % of % of shares and votes Total of both
shares and through financial
votes instruments
Hannu Lehto 191 745 191 745
Lehto Invest 80 914 760 80 914 760
Oy
Additional information
Veli-Pekka Paloranta, CFO
+358 400 944 074
veli-pekka.paloranta@lehto.fi