Helsinki, Finland, 2016-02-12 14:30 CET (GLOBE NEWSWIRE) -- YIT CORPORATION STOCK EXCHANGE RELEASE FEBRUARY 12, 2016 AT 3:30 P.M.
Notification according to Chapter 9, Section 10 of the Securities Markets Act of change in holdings in YIT Corporation shares
YIT Corporation has on February 12, 2016 received an announcement under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of BlackRock, Inc. and its funds in YIT has exceeded the threshold of 5 per cent. According to the announcement, the holding had exceeded the threshold on February 11, 2016.
According to the announcement, the holding of BlackRock, Inc. and its funds in YIT has on February 11, 2016 increased to 8,012,177 shares, corresponding to 6.29 per cent of YIT's shares and voting rights.
YIT has one share series, each share entitling to one vote. YIT’s registered total number of shares amounting to 127,223,422 has been used in the calculation of percentages for the announcement.
Total positions of BlackRock, Inc. and its funds subject to the notification:
| Date | % shares and voting rights | % of shares and voting rights through financial instruments | % total |
| Resulting situation on the date on which threshold was crossed or reached | 3.46% | 2.83% | 6.29% |
| Position of previous notification (if applicable) | Below 5% | Below 5% | Below 5% |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights:
|
Class/type of shares ISIN code (if possible) |
Number of shares and voting rights | % of shares and voting rights | ||
|
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
|
| FI0009800643 | 4,402,817 | 3.46% | ||
| SUBTOTAL A | 4,402,817 | 3.46% |
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Securities Lent | N/A | N/A | Physical | 578,512 | 0.45% |
| CFD | N/A | N/A | Cash | 3,030,848 | 2.38% |
| SUBTOTAL B | 3,609,360 | 2.83% |
For further information, please contact:
Sanna Kaje, Vice President, Investor Relations and M&A, YIT Corporation, tel. +358 50 390 6750, sanna.kaje@yit.fi
YIT CORPORATION
Sanna Kaje
Vice President, Investor Relations and M&A
Distribution: NASDAQ OMX, major media, www.yitgroup.com
YIT is a construction industry leader that creates sustainable urban environments by constructing housing, business premises, infrastructure and entire areas. We focus on providing a first-class customer experience, high quality and continuous development of our diverse expertise. Our operating area covers Finland, Russia, the Baltic countries, the Czech Republic, Slovakia and Poland. Our vision is to stay one step ahead – while caring for our customers, partners and personnel. We have over 5,300 employees in eight countries. In 2015, our revenue amounted to nearly EUR 1.7 billion. Our share is listed on Nasdaq OMX Helsinki. www.yitgroup.com