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Notification pursuant to Chapter 9, section 5 of the Securities Markets Act

Vantaa, Finland, 2017-11-22 10:15 CET (GLOBE NEWSWIRE) -- Cramo Plc    Stock Exchange Release 22 November 2017, at 11.15 am Finnish time (EET)

Notification pursuant to Chapter 9, section 5 of the Securities Markets Act

Cramo Plc has received on 16 November 2017 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act ("SMA") from Massachusetts Mutual Life Insurance Company of Springfield, Massachusetts, USA, according to which OppenheimerFunds, Inc’s total holding of shares in Cramo Plc has increased above five (5) percent on 15 November 2017. According to the notification, the reasons for the notification were an acquisition of shares or voting rights and OppenheimerFunds, Inc, a subsidiary, crossing above the 5% threshold.

Aggregate position of Massachusetts Mutual Life Insurance Company according to the notification:
 

  % of shares and
voting rights
% of shares and voting
rights through financial
instruments
Total of both in % Total number of
shares and voting
rights of issuer
Resulting situation
on the date on which
threshold was
crossed or reached
6.37% 6.37% 44,690,554
Position of previous
notification (if
applicable)
5.17% 5.17%  

  

Notified details of the resulting situation following the crossing of the threshold:

A: Shares and voting rights

  Number of shares and voting rights % of shares and voting rights
Class/type of
shares
Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
Direct
(SMA 9:5)
Indirect
(SMA 9:6 and 9:7)
FI0009900476   2,847,171   6.37%
SUBTOTAL A   2,847,171   6.37%

 

Information in relation to the person subject to the notification obligation as contained in the notification:

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
Massachusetts Mutual
Life Insurance Company
6.37% 6.37%
MassMutual Holding
LLC
6.37% 6.37%
MM Asset Management Holding
LLC
6.37% 6.37%
Oppenheimer Acquisition Corp. 5.39% 5.39%
OppenheimerFunds, Inc. 5.39% 5.39%
OFI Global Institutional, Inc. 0.04% 0.04%
Barings LLC 0.97% 0.97%
MassMutual Baring Holding LLC 0.97% 0.97%
MassMutual Holdings (Bermuda) Limited 0.97% 0.97%
Baring Asset Management Limited 0.97% 0.97%

 

Additional information contained in the notification:

OppenheimerFunds, Inc., OFI Global Institutional, Inc. and Baring Fund Managers Limited are investment managers that independently exercise their respective voting powers on behalf of the clients and investment funds whose assets they are managing. Notification is made here because OppenheimerFunds, Inc has exceeded the 5% threshold. MassMutual is therefore filing on behalf of itself and OppenheimerFunds, Inc.

 

CRAMO PLC

Leif Gustafsson
President and CEO

 

Further information:

Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel: +46 70 868 7045



Distribution:
Nasdaq Helsinki Ltd.
Main media

www.cramogroup.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 about 300 depots in fourteen countries. With a group staff around 2,600, Cramo's consolidated sales in 2016 was EUR 712 million. Cramo shares are listed on Nasdaq Helsinki Ltd.


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