Peab AB's holding in Lemminkäinen will increase to 10 percent
LEMMINKÄINEN CORPORATION STOCK EXCHANGE RELEASE 14.9.2011 AM 9.30
Peab AB’s holding in Lemminkäinen will increase to 10 percent
Lemminkäinen has been informed on September 13, 2011 under the Finnish Securities Market Act that the holding of Peab AB’s (publ) in Lemminkäinen Corporation’s shares and votes has increased above 5 per cent and will exceed 10 per cent as the forward contract, expiring on September 28, 2011, is carried out.
According to the disclosure, Peab AB (publ) held 1,140,225 Lemminkäinen Corporation’s shares on September 13, 2011, which is 5.80 percent of Lemminkäinen Corporation’s shares and votes. In addition to this, Peab Invest AS, a fully-owned subsidiary of Peab AB (publ), holds a forward contract of 940,000 shares, which is 4.78 percent of Lemminkäinen Corporation’s shares and votes. The forward contract will expire on September 28, 2011.
Lemminkäinen Corporation has a total of 19,644,764 shares outstanding. The company has only one class of shares and each share entitles to one vote.
President and CEO Timo Kohtamäki
Tel. +358 2071 53263
NASDAQ OMX Helsinki Ltd
Lemminkäinen Group operates in all areas of the construction sector. The Group’s business sectors are Building Construction, Infrastructure Construction and Technical Building Services. Net sales in 2010 were around EUR 2.0 billion, of which international operations accounted for roughly a quarter. The Group employs about 8,000 people. Lemminkäinen Corporation’s share is quoted on NASDAQ OMX Helsinki Ltd. www.lemminkainen.fi