Correction: Purmo Group Plc: Notification pursuant to Chapter 9, section 10 of the Securities Markets Act
Purmo Group Plc | Stock Exchange Release | August 19, 2024 at 10:50:00 EEST
Purmo Group Plc (“Purmo Group” or the “Company”) has received a correction from Apollo Global Management, Inc. to its notification of 16 August 2024 in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act (as amended, the “SMA”).
In the corrected notification, the direct holding of Project Grand Bidco (UK) Limited that is based on trades completed on 16 August 2024, and therefore the indirect control of Apollo Global Management, Inc., with respect to 40,341,493 shares in Purmo Group has been notified in accordance with its split into C shares (38,776,276 shares) and F shares (1,565,217 shares) in Purmo Group. The information in accordance with the corrected notification has been presented below.
The total number of the Company’s registered shares amounts to 42,677,930 shares. Each share entitles to one (1) vote.
The total position of Apollo Global Management, Inc. subject to the notification:
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A+B) | |
| Resulting situation on the date on which threshold was crossed or reached | 94.53% | - | 94.53% |
| Position of previous notification (if applicable) | - | - | - |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Class/type of shares ISIN code | Number of shares and voting rights | % of shares and voting rights | ||
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI4000507488 | - | 38,776,276 | - | 90.86% |
| FI4000507470 | - | 1,565,217 | - | 3.67% |
| SUBTOTAL A | 40,341,493 | 94.53% | ||
Information in relation to the person subject to the notification obligation as contained in the notification
The complete chain of controlled undertakings through which the shares, voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Apollo Global Management, Inc. | - | - | - |
| Apollo Asset Management, Inc. | - | - | - |
| APO Asset Co., LLC | - | - | - |
| Apollo Principal Holdings III GP, Ltd. | - | - | - |
Additional information:
| List of controlled undertakings continued: APH Holdings, L.P. Apollo Clean Transition Equity Partners II Capital Management, LLC Apollo Clean Transition Equity Partners II Advisors, L.P. Apollo Clean Transition Equity Overseas Partners II (Lux) GP, S.a r.l. AP Grand Aggregator (Lux) SCSp Project Grand Topco (UK) Limited Project Grand Midco (UK) Limited Project Grand Bidco (UK) Limited 94.53% of shares, 94.53% in total. The direct holding of Project Grand Bidco (UK) Limited in Purmo Group Plc has on 16 August 2024 increased to 40,341,493 shares, corresponding to 94.53 percent of Purmo Group Plc’s shares and voting rights. The indirect control of Apollo Global Management, Inc. in Purmo Group Plc has therefore increased to 40,341,493 shares, corresponding to 94.53 percent of Purmo Group Plc’s shares and voting rights. Information regarding the investor consortium: Project Grand Topco (UK) Limited was incorporated to be the holding company in the acquisition structure and 80% of its shares are indirectly owned by certain affiliated funds of Apollo Global Management, Inc. and its subsidiaries and 20% of its shares are owned by Rettig Oy Ab, through its subsidiary Rettig Investment AB. With this notification, Apollo Global Management, Inc. corrects its notification previously delivered on 16 August 2024 to the effect that the direct holding of Project Grand Bidco (UK) Limited that is based on trades completed on 16 August 2024, and therefore the indirect control of Apollo Global Management, Inc., with respect to 40,341,493 shares in Purmo Group Plc has been notified in accordance with its split into C shares (38,776,276 shares) and F shares (1,565,217 shares) in Purmo Group Plc. |
Further information:
Katariina Kataja, Head of Investor Relations, Purmo Group Plc
Tel. +358 40 527 1427
Distribution:
Nasdaq Helsinki Ltd
Principal media
investors.purmogroup.com
About Purmo Group:
Purmo Group is at the centre of the global sustainability journey by offering full solutions and sustainable ways of heating and cooling homes to mitigate global warming. We provide complete heating and cooling solutions to residential and non-residential buildings, including underfloor heating and cooling systems, a broad range of radiators, heat pumps, flow control and hydronic distribution systems, as well as smart products. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our approximately 2,950 employees operate in 23 countries, manufacturing and distributing top-quality products and solutions to our over 100,000 customers in more than 100 countries. Purmo Group’s shares are listed on Nasdaq Helsinki with the ticker symbol PURMO. More information: www.purmogroup.com.
