Exel Composites Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act

EXEL COMPOSITES PLC – STOCK EXCHANGE RELEASE – 17 JUNE 2024 AT 18:00 EEST

Exel Composites Plc has on 17 June 2024 received a notification pursuant to Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which the holding of funds managed by OP Fund Management Company Ltd has increased above 5% of the voting rights and share capital in Exel Composites Plc.

Through share transactions concluded on 17 June 2024, the holding of funds managed by OP Fund Management Company Ltd amounts to 5,765,946 shares representing 5.40% of the shares and voting rights of Exel Composites Plc. The previous holding of funds managed by OP Fund Management Company Ltd represented 4.23% of the shares and voting rights of Exel Composites Plc.

Exel Composites has a total of 106,728,395 shares. The company has only one class of shares, each share entitling to one vote.

Total position of funds managed by OP Fund Management Company Ltd referred to in the notification:

	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both	Total number of shares and voting rights of issuer
Resulting situation after reaching or exceeding the flagging threshold	5.40%		5.40%	106,728,395
Position of previous notification	4.23%		4.23%

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

Share class/type (ISIN)	Number of shares and voting rights		% of shares and voting rights
	Direct (FSMA 9:5)	Indirect (FSMA 9:6 and 9:7)	Direct (FSMA 9:5)	Indirect (FSMA 9:6 and 9:7)
FI0009007306	5,765,946		5.40%
Subtotal A	5,765,946		5.40%

 

Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: 

Name	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both
OP Fund Management Company Ltd	0.00%		0.00%
OP-Finland Small Firms Fund	5.40%		5.40%

For further information, please contact:
 

Lilli Riikonen, Head of Investor Relations

investor@exelcomposites.com

tel. +358 50 351 1128

 

Exel Composites in brief

Exel Composites is one of the largest manufacturers of composite profiles and tubes made with pultrusion and pullwinding technologies and a pultrusion technology forerunner in the global composite market. Our forward-thinking composite solutions made with continuous manufacturing technologies serve customers in a wide range of industries around the world. You can find our products used in applications in diverse industrial sectors such as wind power, transportation and building and infrastructure.

 

Our R&D expertise, collaborative approach and global footprint set us apart from our competition. Our composite solutions help customers save resources, reduce products' weight, improve performance and energy efficiency, and decrease total lifetime costs. We want to be the first choice for sustainable composite solutions globally.

 

Headquartered in Finland, Exel Composites employs over 600 forward-thinking professionals around the world and is listed on Nasdaq Helsinki. To find out more about our offering and company please visit www.exelcomposites.com.

 

 

Exel Composites Plc