TIDMPOWR

RNS Number : 8717A

Powerflute Oyj

04 April 2012

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES 
----------------------------------------------- 
 
 
 1. Identity of the issuer or the 
  underlying issuer of existing shares    Powerflute Oyj 
  to which voting rights are attached: 
--------------------------------------  ---------------- 
 
 
 2 Reason for the notification (please tick the appropriate box 
  or boxes): 
------------------------------------------------------------------------- 
 An acquisition or disposal of voting rights                        YES 
-----------------------------------------------------------------  ------ 
 An acquisition or disposal of qualifying financial instruments     NO 
  which may result in the acquisition of shares already 
  issued to which voting rights are attached 
-----------------------------------------------------------------  ------ 
 An acquisition or disposal of instruments with similar             NO 
  economic effect to qualifying financial instruments 
-----------------------------------------------------------------  ------ 
 An event changing the breakdown of voting rights 
                                                                     NO 
-----------------------------------------------------------------  ------ 
 Other (please 
  specify): 
-----------------  ----------------------------------------------  ------ 
 
 
 
 3. Full name of person(s) subject      BESTINVER GESTION S.A., SGIIC 
  to the notification obligation: 
-------------------------------------  ---------------------------------- 
 4. Full name of shareholder(s) (if     See Annex attached (investment 
  different from 3.):                    institutions and pension funds 
                                         represented by Bestinver Gestion 
                                         S.A. SGIIC) 
-------------------------------------  ---------------------------------- 
 5. Date of the transaction and date    30.03.12 
  on which the threshold is crossed 
  or reached: 
-------------------------------------  ---------------------------------- 
 6. Date on which issuer notified: 
-------------------------------------  ---------------------------------- 
 7. Threshold(s) that is/are crossed 
  or reached:                           10% 
-------------------------------------  ---------------------------------- 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares 
----------------------------------------------------------------------------------------------------- 
  Class/type        Situation previous               Resulting situation after the triggering 
       of            to the triggering                              transaction 
     shares             transaction 
 
  if possible 
     using 
    the ISIN 
      CODE 
 
 
  FI0009015291 
--------------  --------------------------  --------------------------------------------------------- 
                   Number        Number        Number       Number of voting      % of voting rights 
                      of            of        of shares          rights 
                    Shares        Voting 
                                  Rights 
 
 
                  29,052,898    29,052,898 
--------------  ------------  ------------  -----------  ---------------------  --------------------- 
                                             Direct       Direct    Indirect     Direct     Indirect 
 
 
                                                                    28,726,775                9,91% 
--------------  ------------  ------------  -----------  -------  ------------  --------  ----------- 
 
 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------ 
 Type of financial   Expiration    Exercise/       Number of voting      % of voting 
     instrument         date       Conversion         rights that           rights 
                                     Period             may be 
                                                      acquired if 
                                                          the 
                                                     instrument is 
                                                 exercised/ converted. 
------------------  -----------  ------------  -----------------------  ------------ 
 
 
 
 C: Financial Instruments with similar economic effect to Qualifying 
  Financial Instruments 
----------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------- 
 Type of financial   Exercise   Expiration    Exercise/     Number of voting      % of voting 
     instrument        price       date       Conversion    rights instrument        rights 
                                                period          refers to 
------------------  ---------  -----------  ------------  -------------------  ---------------- 
                                                                                Nominal   Delta 
------------------  ---------  -----------  ------------  -------------------  --------  ------ 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
        28,26,775                     9,91% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the voting 
  rights and/or the 
  financial instruments are effectively held, if applicable: 
-------------------------------------------------------------------- 
 
  Bestinver Gestion S.A. SGIIC is a Spanish fund management company. 
  As a fund management company it exercises the voting rights 
  attached to the shares property of the investment institutions 
  it manages and represents. Additionally, Bestinver Gestion S.A. 
  SGIIC has been granted a power of attorney to exercise the voting 
  rights attached to the shares under the property of the pension 
  funds managed by Bestinver Pensiones EGFP, S.A. 
 
  Please find attached the Annex with detail of the holdings of 
  each investment and pension fund. Please notice that Bestinver 
  Internacional F.I. and Bestinfond F.I. have a holding equal 
  to 4,48% and 2,78% of Powerflute Oyj, respectively. 
-------------------------------------------------------------------- 
 
 
 Proxy Voting: 
------------------------------------ 
 10. Name of the proxy holder: 
------------------------------------ 
 11. Number of voting rights proxy 
  holder will cease to hold: 
------------------------------------ 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
------------------------------------ 
 
 
 13. Additional information: 
-------------------------------  ----------------------------- 
 14. Contact name:                Javier Fernandez de la Rocha 
-------------------------------  ----------------------------- 
 15. Contact telephone number:    +34 91 595 91 18 
-------------------------------  ----------------------------- 
 

Annex

 
 Investment Institutions              Number 
  and Pension Funds                of shares     % 
-------------------------------  -----------  ------ 
 BESTINVER INTERNACIONAL, 
  F.I.M.                          12,981,278   4.48% 
-------------------------------  -----------  ------ 
 BESTINFOND, F.I.M                 8,044,118   2.78% 
-------------------------------  -----------  ------ 
 BESTINVER GLOBAL F.P.             2,411,089   0.83% 
-------------------------------  -----------  ------ 
 BESTVALUE F.I                     2,218,219   0.77% 
-------------------------------  -----------  ------ 
 BESTINVER AHORRO FONDO 
  DE PENSIONES                     1,196,914   0.41% 
-------------------------------  -----------  ------ 
 SOIXA SICAV S.A.                    878,033   0.30% 
-------------------------------  -----------  ------ 
 BESTINVER MIXTO INTERNACIONAL       570,145   0.20% 
-------------------------------  -----------  ------ 
 BIM SYMPHONIA BESTVALUE 
  LUX                                310,025   0.11% 
-------------------------------  -----------  ------ 
 BESTINVER EMPLEO, F.P                51,320   0.02% 
-------------------------------  -----------  ------ 
 DIVALSA DE INVERSIONES 
  SIMCAV                              42,181   0.01% 
-------------------------------  -----------  ------ 
 LINKER INVERSIONES SIMCAV            23,453   0.01% 
-------------------------------  -----------  ------ 
                                  28,726,775   9.91% 
-------------------------------  -----------  ------ 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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