Hoivatilat Plc
Stock Exchange Release
10 January 2020 at 7.15 p.m. EET

The Resignation of Hoivatilat Plc’s Shareholders’ Nomination Board Members

2Care Capital Ab, OP-Rahastoyhtiö Oy (OP investment funds) and Länsförsäkringar Fondförvaltning AB have sold all of their shareholding in Hoivatilat Plc on 10 January 2020. Consequently, the representative of 2Care Capital Ab, Stefan Björkman, the representative of OP-Rahastoyhtiö Oy, Juha Takala, and the representative of Länsförsäkringar Fondförvaltning AB, Johannes Wingborg, have resigned from the Shareholder's Nomination Board.

According to the Rules of Procedure of Hoivatilat Plc’s Shareholders' Nomination Board, the member nominated by a shareholder is obliged to resign if the shareholder concerned later transfers more than half of the shares it held on the September 1 which entitled it to nominate a member, and as result is no longer among the company’s ten largest shareholders.

Hoivatilat Plc

Further information:

Jussi Karjula
Hoivatilat, CEO
Tel. +358 40 773 4054

Pertti Huuskonen
Hoivatilat, Chairman of the Board of Directors
Tel. +358 40 068 0816

Hoivatilat Plc specialises in producing, developing, owning and leasing out day care centre and nursing home premises, service communities and schools. Hoivatilat has been working in cooperation with approximately 60 Finnish municipalities and has launched a total of approximately 200 property projects throughout Finland and in Sweden. In 2018, Hoivatilat reported revenues of approximately EUR 17.2 million, an operating result of approximately EUR 7.7 million and the aggregate value of Hoivatilat's property portfolio was approximately EUR 349 million. Hoivatilat is listed on Nasdaq Helsinki under the trading code "HOIVA". For additional information, see www.hoivatilat.fi