Lehto Group Plc: Disclosure Under Chapter 9 Section 10 of the Securities Market Act
Lehto Group Plc
Stock exchange release
28 February 2025 at 13.30 (Finnish time)
Lehto Group Plc (”Lehto”, Business ID: 2235443-2) has received a flagging notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act from Hannu Lehto and the company he controls (Lehto Invest Oy, business ID 2034042-4). According to the notification Hannu Lehto’s combined direct and indirect ownership and voting rights in Lehto Group Plc have as of 28 February 2025 fallen below the 50% reporting threshold of the Company's total shares and voting rights.
- Name of the notifier: Hannu Lehto
- Basis of the notification: Disposal of the shares
- Date of reaching the flagging threshold: 28 February 2025
Initially, Hannu Lehto's ownership increased above 50 percent threshold, when Lehto Invest Oy's investment in the 15 million convertible bond issued by Lehto Group Oyj in 2022 was converted into shares. The new shares created in the conversion were registered in the trade register on 31 January 2025.
Lehto Invest Oy and Hannu Lehto, who exercises control over it, have used the exemption provision under Chapter 11, Section 21, Subsection 5 of the Securities Market Act and waived their voting rights exceeding the 50 percent threshold within one month from the creation of the obligation to make the public tender offer. Lehto Invest Oy has made a disposal of 2,900,000 shares on 28 February 2025.
The number of Lehto Group Oyj's shares is a total of 162,339,410 shares, of which each share produces one (1) vote.
| Total position of the notifier according to the notification: | ||||
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (B) | Total of both in % (A + B) | Total number of shares and voting rights of Lehto Group Plc | |
| Resulting situation on the date on which threshold was crossed or reached | 49,96 % | – | 49,96 % | 162 339 410 |
| Position of previous notification (if applicable) | 51,75 % | – | 51,75 % | 162 339 410 |
| 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 ja 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 ja 9:7 | |
| FI400081138 | 191 745 | 80 914 760 | 0,12 % | 49,84 % |
| SUBTOTAL A | 81 106 505 | 49,96 % | ||
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held: | |||
| Name | % of shares and votes | % of shares and votes through financial instruments | Total of both |
| Hannu Lehto | 191 745 | 191 745 | |
| Lehto Invest Oy | 80 914 760 | 80 914 760 | |
Additional information
Veli-Pekka Paloranta, CFO
+358 400 944 074