Share price & Turnover
Subscription
Description
Country | Finland |
---|---|
List | First North Finland |
Sector | Trading & Goods |
Industry | Discretionaries |
29.5.2024 10:52:39 EEST | Duell Oyj | Company Announcement
Duell Corporation (“Duell“ or the “Company”) has on May 28, 2024, received a notification in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which Universal-Investment-Gesellschaft mit beschränkter Haftung’s holding of the shares and votes in the Company exceeds the 5 percent threshold. Universal-Investment-Gesellschaft mit beschränkter Haftung’s ownership exceeded the notification threshold before April 19, 2024.
The notification is announced retroactively because on April 12, 2024, the Finnish Parliament approved a government proposal to amend the Securities Markets Act (HE 3/2024 vp), which extends the reporting requirements for significant ownership and voting rights, as well as the application of provisions related to public tender offers and obligation to make a tender offer, to include multilateral trading facilities alongside regulated markets.
Total positions of Universal-Investment-Gesellschaft mit beschränkter Haftung in the Company according to the notification:
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer |
Resulting situation on the date on which threshold was crossed or reached | 6.59 | 0.00 | 6.59 | 1,038,546,116 |
Position of previous notification (if applicable) | n/a | n/a | n/a | n/a |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Number of shares and voting rights
| % of shares and voting rights | ||
Class/type of shares | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
FI4000513072 |
| 68,443,649 |
| 6.59 |
SUBTOTAL A | 68,443,649 | 6.59 |
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held:
Name | % of share and voting rights | % of shares and voting rights through financial instruments | Total of both |
Universal-Investment GmbH |
|
|
|
Universal-Investment-Luxembourg S.A. | 6.59 | 0.00 | 6.59 |
For additional information, please contact
Pellervo Hämäläinen, Communications and IR Manager
Duell Corporation
+358 40 674 5257
pellervo.hamalainen@duell.eu
Certified Advisor
Oaklins Merasco Oy
+358 9 312 9670
Duell Corporation (Duell) is an import and wholesale company based in Mustasaari, Finland, established in 1983. Duell imports, manufactures, and sells products through an extensive distribution network in Europe covering approximately 8,500 dealers. The range of products includes approximately 150,000 items under more than 550 brands. The assortment covers spare parts and accessories for motorcycling, bicycling, ATVs/UTVs, mopeds and scooters, snowmobiling, and boating. Logistics centres are in Finland, Sweden, Netherlands, France, and the UK. Duell’s net sales in 2023 was EUR 119 million and it employs over 200 people. Duell’s shares are listed on the Nasdaq First North Growth Market Finland marketplace. www.duell.eu