Shareholders of listed companies have an obligation to notify both the listed company and the Finnish Financial Supervisory Authority (FSA) of changes in their holdings. Listed companies have an obligation to publicly disclose the shareholder’s notification.
Under the provisions of the Securities Markets Act, changes in holdings must be disclosed when the holding reaches, exceeds or falls below 5, 10, 15, 20, 25, 30, 50, 66.7 (2/3) or 90 per cent of the numbers of shares or the voting rights of the company.
A flagging notification must be submitted without undue delay, but no later than on the trading day following a breach of the notification threshold.
Flagging notifications must be sent to Sitowise using the email address email@example.com. Flagging notifications must be sent to the FSA according to its guidelines. Additional information can be found on the website of the FSA: https://www.finanssivalvonta.fi/en/capital-markets/issuers-and-investors/notification-of-major-holdings/.
Sitowise’s flaggings can be found on the Stock exchange releases page.