On 21 October 2013, Tulikivi Corporation received a flagging announcement pursuant to Chapter 9, section 5 of the Securities Markets Act from  Mutul Insurance Company Pension Fennia and LocalTapiola Mutual Pension Insurance Company.

An announcement that Mutual Insurance Company Pension Fennia’s holding of Tulikivi Corporation stock has risen to a level that exceeds the threshold of 5 per cent of the stock following the share issue. Mutual Insurance Company Pension Fennia’s holding of 4,545,455 Tulikivi Corporation Series A shares, after the share issue, corresponds to 7.59 per cent of Tulikivi Corporation’s stock and less than 5 per cent of the votes.

Mutual Insurance Company Pension Fennia and LocalTapiola Mutual Pension Insurance Company will merge to form a new pension company on 1 January 2014. The new pension company’s name will be Elo Mutual Pension Insurance Company. The general meetings of the companies approved the merger on 19 June 2013, and the Financial Supervisory Authority gave its approval for the merger on 27 June 2013. The completion of the merger will mean a change in shareholding, whereby the new Elo Mutual Pension Insurance Company’s holding of Tulikivi Corporation’s shares, including the effect of the share issue being undertaken, will rise to exceed the 5 per cent threshold. Elo Mutual Pension Insurance Company’s holding will be 4,545,455 Tulikivi Corporation Series A shares, which will correspond to 7.59 per cent of Tulikivi Corporation’s stock and less than 5 per cent of the votes.

On October 21, 2013 the Tulikivi Corporation’s Board of Directors approved the subsciptions of  22,727,273 shares of the share issue, which expired on October 17, 2013.

TULIKIVI CORPORATION

Heikki Vauhkonen, Managing Director

Distribution: NASDAQ OMX Helsinki
Key media
www.tulikivi.com

Additional information: Tulikivi Corporation, FIN-83900 Juuka, Finland, tel. +358 207 636 000, www.tulikivi.com
– Heikki Vauhkonen, Managing Director, +358 207 636 555