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

Vantaa, Finland, 2017-05-22 13:00 CEST (GLOBE NEWSWIRE) -- Cramo Plc    Stock Exchange Release 22 May 2017, at 2.00 pm Finnish time (EET)

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

Cramo Plc has received on 19 May 2017 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act ("SMA") from Massachusetts Mutual Life Insurance Company, MassMutual Holding LLC and MM Asset Management Holding LLC of Springfield, Massachusetts, USA, according to which their total holding of shares in Cramo Plc has increased above five (5) percent on 18 May 2017. According to the notification, the reasons for the notification were an acquisition of shares or voting rights and the addition of Barings LLC to the chain of controlled undertakings.

Aggregate position of Massachusetts Mutual Life Insurance Company, MassMutual Holding LLC and MM Asset Management Holding LLC 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
5.17% 5.17% 44,690,554
Position of previous
notification (if
applicable)*
5.17% 5.17%  

* According to the latest notification provided to the company on 5 October 2016 the amount of the shares and voting rights has been 4.89%.
 

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 2,312,666 5.17%
SUBTOTAL A 2,312,666 5.17%

   

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
5.17% 5.17%
MassMutual Holdings
LLC
5.17% 5.17%
MM Asset Management
LLC
5.17% 5.17%

   

Additional information contained in the notification:

The complete chain of controlled undertakings is the following (the above section contains the entities which are over the 5% threshold):
 
Massachusetts Mutual Life Insurance Company
MassMutual Holdings LLC
MM Asset Management LLC
Barings LLC
MassMutual Baring Holding LLC
MassMutual Holdings (Bermuda) Limited
Baring Asset Management Limited
Baring Fund Managers Limited
Oppenheimer Acquisition
OppenheimerFunds, Inc.
OFI Global Institutional, Inc.
OFI Global Trust Company
 
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.

   

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.
Major 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 fifteen countries and in about 320 depots. 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.

Read more: www.cramogroup.com, www.twitter.com/cramogroup