ROBIT PLC PRESS RELEASE 30.8.2019 AT 11.40
MAJOR SHAREHOLDER INCREASES OWNERSHIP IN ROBIT PLC
Robit Plc’s major shareholder Five Alliance Oy increases ownership in Robit Plc by approx. 1.2 million shares resulting in 27.6 per cent of Robit Plc’s entire share stock.
Increasing shareholdings highlights the major shareholder's commitment to Robit's further development. In recent years, the company has internationalized and grown strongly and at the same time profitability has become the challenge This has also been reflected in the development of the company's share price.
In the beginning of the year 2019 the company launched an efficiency program. As a result, sales and profitability have developed favorably in the first two quarters.
Robit publishes Q3/2019 interim report 1 November 2019.
ROBIT PLC
Tommi Lehtonen
CEO
Additional information
Tommi Lehtonen, CEO
Tel. +358 40 724 9143
Harri Sjöholm, Chairman of the board
Tel. +358 40 062 2092
Robit is a strongly internationalised growth company servicing global customers and selling drilling consumables for applications in mining, construction and contracting, tunnelling and well drilling. The company's offering is divided into two product and service ranges: Top Hammer and Down-the-Hole. Robit has 15 of its own sales and service points throughout the world as well as an active sales network in 115 countries. Robit’s manufacturing units are located in Finland, South Korea, Australia, and the UK. Robit’s shares are listed on NASDAQ Helsinki Ltd. Further information is available at: www.robitgroup.com.
Distribution: Nasdaq Helsinki Ltd
Key media
www.robitgroup.com