Pihlajalinna Plc                Stock exchange release                 9 April 2024 at 2:45 p.m.
Pihlajalinna Plc: Flagging announcement in accordance with Chapter 9, Section 10 of the Securities Markets Act
Pihlajalinna Plc has on 9 April 2024 received a notification under Chapter 9, Section 5 of the Securities Market Act, according to which the holding of LähiTapiola Keskinäinen Henkivakuutusyhtiö in Pihlajalinna Plc's shares and votes has risen above 10 per cent on 8 April 2024. The holding of LähiTapiola Keskinäinen Henkivakuutusyhtiö has increased to 10.15 per cent and 2,295,656 shares of the total of Pihlajalinna's shares and votes.
Pihlajalinna has a total of 22,620,135 shares. Each share entitles its holder to one (1) vote.
Total positions of LähiTapiola Keskinäinen Henkivakuutusyhtiö:
+----------------+------+-----------+------+---------------------------+
|                |% of  |% of shares|Total |Total number of shares and |
|                |shares|and votes  |%     |votes in the target company|
|                |and   |through    |      |                           |
|                |votes |financial  |      |                           |
|                |      |instruments|      |                           |
+----------------+------+-----------+------+---------------------------+
|Holding after   |10.15%|0%         |10.15%|22,620,135                 |
|reaching or     |      |           |      |                           |
|exceeding       |      |           |      |                           |
|the flagging    |      |           |      |                           |
|notification    |      |           |      |                           |
|threshold       |      |           |      |                           |
+----------------+------+-----------+------+---------------------------+
|Holding reported|8.38% |0%         |8.38% |                           |
|in the previous |      |           |      |                           |
|flagging        |      |           |      |                           |
|notification (if|      |           |      |                           |
|flagged)        |      |           |      |                           |
+----------------+------+-----------+------+---------------------------+
Information on the share of ownership and voting rights after the exceeding of the flagging notification threshold:
A: Shares and votes
+------------+---------+-------------+------+--------------------------+
|Series of   |Number of              |% of                             |
|shares/share|shares                 |shares                           |
|type        |and votes              |and                              |
|            |                       |votes                            |
+------------+---------+-------------+------+--------------------------+
|            |Direct   |Indirect (AML|Direct|Indirect (AML 9:6 and 9:7)|
|            |(AML 9:5)|9:6 and 9:7) |(AML  |                          |
|            |         |             |9:5)  |                          |
+------------+---------+-------------+------+--------------------------+
|PIHLIS /    |2,295,656|             |10.15%|                          |
|FI4000092556|         |             |      |                          |
+------------+---------+-------------+------+--------------------------+
|A Total     |2,295,656              |10.15%                           |
+------------+---------+-------------+------+--------------------------+
Details of the party obligated to submit the flagging notification:
The entire chain of control (starting from the controlling natural or legal person) through which the shares, voting rights or financial instruments are controlled:
+------------------+----------+---------------------+-------------------+
|Name              |% of      |% of shares and votes|Total shares, votes|
|                  |shares and|through financial    |and financial      |
|                  |votes     |instruments          |instruments        |
+------------------+----------+---------------------+-------------------+
|LähiTapiola       |10.15%    |0%                   |2,295,656          |
|Keskinäinen       |          |                     |                   |
|Henkivakuutusyhtiö|          |                     |                   |
+------------------+----------+---------------------+-------------------+
The flagging notification is due to the LocalTapiola Group's internal transaction, by which LähiTapiola Keskinäinen Vakuutusyhtiö sold the shares of Pihlajalinna Plc to LähiTapiola Keskinäinen Henkivakuutusyhtiö. LähiTapiola Keskinäinen Vakuutusyhtiö and LähiTapiola Keskinäinen Henkivakuutusyhtiö own a total of 6,104,684 shares or 26.99 percent of all shares and votes in Pihlajalinna Plc.
Further information:
Tarja Rantala, CFO, +358 40 774 9290 or tarja.rantala@pihlajalinna.fi
Tuula Lehto, VP, Communications and Sustainability, +358 40 588 5343 or tuula.lehto@pihlajalinna.fi
Distribution:
Nasdaq Helsinki
Major media
investors.pihlajalinna.fi