Vacon Plc, Stock Exchange Release, 1 November 2012 at 11.30 am (EET)
Vacon Plc (ID 1519966-5) has on November 1, 2012, received a disclosure under
Chapter 2, Section 9 of the Securities Market Act, according to which the
holding of Ahlström Capital Oy's (business ID 1670034-3) subsidiary AC Invest
Three B.V. (ID 51490994) in Vacon Plc has went below the limit of 3/20 (15%).
According to the disclosure AC Invest Three B.V. holds 2,064,844 Vacon Plc's
shares, which is 13.5% of Vacon Plc's shares and votes.
Going below the above mentioned limit is the result of the selling of shares on
November 1, 2012.
On October 31, 2012, AC Invest Three B.V. held 3,064,844 shares in Vacon Plc
which represented 20.04 % of all shares and votes in Vacon Plc.
Vacon Plc has a total of 15,295,000 shares. The company has only one class of
shares and each share entitles to one vote.
* President and CEO, Vesa Laisi, Phone +358 (0)40 837 1510, e-mail
Vacon in brief:
Vacon is driven by a passion to develop, manufacture and sell the best AC drives
and inverters in the world - and to provide efficient life-cycle services for
its customers. Our AC drives offer optimum process control and energy efficiency
for electric motors. Vacon inverters are a key component in producing energy
from renewable sources. Vacon has R&D and production units in Europe, Asia and
North America, and sales companies in 27 countries. Vacon also has sales and
service representatives in almost 90 countries. In 2011, Vacon had revenues of
EUR 380.9 million and globally employed 1,500 people. The shares of Vacon Plc
(VAC1V) are quoted on the main list of the Helsinki stock exchange (NASDAQ OMX
NASDAQ OMX Helsinki
Financial Supervisory Authority