Notification pursuant to Chapter 9, Section 10 of the Finnish Securities Markets Act
(Thomson Reuters ONE) -
Vacon Plc, Stock Exchange Release, 2 December 2014 at 3.55 p.m. (EET)
Vacon Plc (ID 1519966-5) ("Vacon") has on 2 December 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 subject to the notification obligation:
Ameriprise Financial, Inc.
3. Chain of controlled undertakings:
Columbia Wanger Asset Management, LLC is wholly owned by Columbia Management
Investment Advisers, LLC, which is wholly owned by Ameriprise Financial, Inc.
Threadneedle Asset Management Ltd is wholly owned by TC Financing Limited, which
is itself wholly owned by Threadneedle Asset Management Holdings Limited, which
is itself wholly owned by TAM UK Holdings Ltd, which is itself wholly owned by
Threadneedle Holdings Limited, which is itself wholly owned by Threadneedle
Asset Management Holdings SARL, which is itself wholly owned by Ameriprise
Financial, Inc.
4. Date on which the flagging threshold is reached or crossed:
1 December 2014
5. Reason for the notification:
Columbia Wanger Asset Management, LLC and Threadneedle Asset Management Ltd each
manage client accounts which hold, or held prior to 1 December 2014, shares of
Vacon. On 1 December 2014, the combined direct and indirect shareholding of
Ameriprise Financial, Inc. and entities controlled by it has decreased below the
threshold of 5 per cent of Vacon's shares and voting rights.
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). Vacon is
part of Danfoss Group
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#1876171]
Unternehmensinformation / Kurzprofil:
Datum: 02.12.2014 - 14:56 Uhr
Sprache: Deutsch
News-ID 356648
Anzahl Zeichen: 3633
contact information:
Town:
Vaasa
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 115 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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