Vantaa, Finland, 2015-08-28 12:10 CEST (GLOBE NEWSWIRE) -- Cramo Plc Stock Exchange Release 28 August 2015, at 1.10 pm Finnish time (EET)
Notification pursuant to Chapter 9, section 5 of the Securities Markets Act
Cramo Plc has received on 28 August 2015 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act from Massachusetts Mutual Life Insurance Company, MassMutual Holding LLC and MM Asset Management Holding LLC according to which their total holding of shares in Cramo Plc has increased above five (5) percent.
1. Name of the target company: Cramo Plc
2. Date of change in the holdings: 25 August 2015
3. Exact proportion of voting rights and share capital of the company:
2,261,163 shares and votes and 5,081 percent of the shares and voting rights in total.
4. Chain of controlled undertakings:
Massachusetts Mutual Life Insurance Company
MassMutual Holdings LLC
MM Asset Management LLC
MassMutual Baring Holding LLC
MassMutual Holdings (Bermuda) Limited
Baring Asset Management Limited
Baring Fund Managers Limited
Oppenheimer Acquisition
Oppenheimer Funds, Inc
5. The flagging notification has been calculated based on the total amount of Cramo Plc’s shares and votes: 44,504,860.
CRAMO PLC
Vesa Koivula
President and CEO
Further information:
Vesa Koivula, President and CEO, tel: +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.