Vantaa, Finland, 2015-03-30 08:40 CEST (GLOBE NEWSWIRE) -- Cramo Plc Stock Exchange Release 30 March 2015, at 9.40 am Finnish time (EET)
Notification pursuant to Chapter 9, section 5 of the Securities Markets Act
Cramo Plc has received on 27 March 2015 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act from Zeres Capital AB, according to which Zeres Capital AB is party to an arrangement which would, when implemented, result in Zeres Capital AB 's total holding of shares and votes in Cramo Plc to exceed the five (5) and ten (10) percent thresholds.
1. Name of the target company: Cramo Plc
2. Shareholder's complete name and registered number:
Zeres Capital AB, registered number 556913-2722
3. Proportion of shares and votes in the company:
As at the date of the notification, Zeres Capital AB holds shares in Cramo Plc as follows:
- 5,028 shares, 0.01 % of shares and votes
When the arrangement is implemented, the holding of shares of Zeres Capital AB will change as follows:
- Increase by 4,691,702 shares, 10.62 % of shares and votes
After the arrangement has been implemented, Zeres Capital AB will hold shares in Cramo Plc as follows:
- 4,696,730 shares, 10.63 % of shares and votes
4. Description of the arrangement:
The share purchase is conditional upon (i) that the seller of the shares provides Zeres Capital AB with a power of attorney enabling Zeres Capital AB to vote with the shares at the annual general meeting of Cramo Plc to be held on 31 March 2015 and (ii) that Cramo Plc's Nomination and Compensation Committee publically revises its proposal to the annual general meeting regarding the board of directors, so that two persons currently proposed by the Nomination and Compensation Committee shall be replaced with two persons in a way satisfactory for Zeres Capital AB.
5. Duration of the arrangement and intended date for exercising the arrangement: 30 March 2015
CRAMO PLC
Vesa Koivula
President and CEO
Further information:
Vesa Koivula, President and CEO, tel. +358 10 661 10 or +358 40 510 5710
Distribution:
NASDAQ OMX Helsinki Ltd.
Major media
www.cramo.com
Cramo is Europe’s second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in fifteen countries with 330 depots. With a group staff around 2.500, Cramo's consolidated sales in 2014 was EUR 652 million. Cramo shares are listed on the NASDAQ OMX Helsinki Ltd.