Notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act
(Thomson Reuters ONE) -
Vacon Plc, Stock Exchange Release, 28 November 2014 at 12.05 p.m. (EET)
Vacon Plc (ID 1519966-5) ("Vacon") has on 27 November 2014 received a
notification of major shareholdings pursuant to Chapter 9, Section 5 of the
Finnish Securities Market Act.
1. Full name of the issuer of shares:
Vacon Plc
2. Full name of the person(s) subject to the notification obligation:
Danfoss A/S (20165715)
3. Chain of controlled undertakings:
Oy Danfoss Ab is 100 per cent directly owned by Danish company Danfoss
International A/S. Danfoss International A/S is 100 per cent directly owned by
Danish company Danfoss A/S.
4. Date on which the flagging threshold is reached or crossed:
The completion trades of the tender offer were made on 27 November 2014 and will
be settled on or about 1 December 2014.
5. Reason for the notification:
Danfoss A/S announced on 12 September 2014 that it will make, through its wholly
owned subsidiary Oy Danfoss Ab (the "Offeror"), a voluntary public tender offer
to purchase all the issued and outstanding shares in Vacon (the "Tender Offer").
The offer period under the Tender Offer expired on 21 November 2014 at 4:00 pm
(Finnish time).
Danfoss A/S announced on 25 November 2014 the final result of the Tender Offer
according to which the valid tender of shares together with the shares held by
the Offeror represent more than 90 per cent of the shares and voting rights in
Vacon. As all the conditions to completion of the Tender Offer were satisfied,
the Offeror declared the Tender Offer unconditional and announced that it will
complete the Tender Offer in accordance with its terms and conditions.
Upon the settlement of the completion trades of the Tender Offer, Danfoss A/S'
and Danfoss International A/S' indirect and Oy Danfoss Ab's direct ownership
exceeds 90 per cent of all the shares and voting rights in Vacon being
29,957,357 shares and voting rights in Vacon, which corresponds to 97.93 per
cent of all the shares and voting rights in Vacon. Said ownership includes, in
addition to the shares that the Offeror has purchased from AC Invest Three B.V.,
a total of 26,227,031 shares purchased through the Tender Offer execution
representing 85.74 per cent of the shares and voting rights in Vacon and a total
of 500,638 shares purchased outside of the Tender Offer after the expiry of the
offer period under the Tender Offer representing 1.64 per cent of the shares and
voting rights in Vacon. The price for the shares purchased outside of the Tender
Offer has not exceeded the offer price under the Tender Offer.
Vacon Plc has a total of 30,590,000 shares. The company has only one class of
shares and each share entitles to one vote.
VACON PLC
Further information:
* Sebastian Linko, Director, Corporate Communications and Investor Relations,
+358 (0)40 8371 634, sebastian.linko(at)vacon.com
Vacon in brief
Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and provide customers with efficient product
lifecycle services. Our AC drives offer optimum process control and energy
efficiency for electric motors. Vacon inverters play a key role when energy is
produced from renewable sources. Vacon has production and R&D facilities in
Europe, Asia and North America, and sales offices in 31 countries. Further,
Vacon has sales representatives and service partners in nearly 90 countries. In
2013, Vacon's revenues amounted to EUR 403.0 million, and the company employed
globally approximately 1,600 people. The shares of Vacon Plc (VAC1V) are quoted
on the main list of the Helsinki stock exchange (NASDAQ OMX Helsinki).
Driven by Drives, www.vacon.com
Distribution:
NASDAQ OMX Helsinki
Financial Supervisory Authority
Main media
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Vacon Oyj via GlobeNewswire
[HUG#1875108]
Unternehmensinformation / Kurzprofil:
Datum: 28.11.2014 - 11:05 Uhr
Sprache: Deutsch
News-ID 355885
Anzahl Zeichen: 4765
contact information:
Town:
Vaasa
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 173 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act"
steht unter der journalistisch-redaktionellen Verantwortung von
Vacon Oyj (Nachricht senden)
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