Stock Exchange Releases
On 21 August 2013, Tulikivi Corporation (Business ID 0350080-1) received a flagging announcement pursuant to Chapter 9, section 5, of the Securities Markets Act, according to which Heikki Vauhkonen’s holding of Tulikivi Corporation shares had exceeded the threshold of 15 per cent of the stock and 30 per cent of the total voting rights in the company.
According to the announcement, Heikki Vauhkonen now holds 1,025,853 Series A shares and 5,809,500 Series K shares in Tulikivi Corporation. The amount of these shares corresponds to 18.40 per cent of Tulikivi Corporation’s stock and 48.06 per cent of the votes.
The thresholds mentioned above are the result of trades carried out on 21 August 2013.
Heikki Vauhkonen purchased the shares from Reijo Vauhkonen, the founder of Tulikivi Corporation, whose holding subsequently decreased to 1.06 per cent of the stock and 0.32 per cent of the votes. According to the announcement, Reijo Vauhkonen still owns 395,477 Tulikivi Corporation Series A shares.
The deal was part of the generational change process at Tulikivi. The Financial Supervisory Authority has granted the deal an exemption from the provisions of the Securities Markets Act regarding the obligation to launch a takeover bid.
Board of Directors
Heikki Vauhkonen, Chairman of the Board
Distribution: NASDAQ OMX Helsinki
Additional information: Tulikivi Corporation, FIN-83900 Juuka, Finland, tel. +358 207 636 000, www.tulikivi.com
– Heikki Vauhkonen, Chairman of the Board, +358 207 636 555