GRK Infra Plc: Notification pursuant to chapter 9, section 10 of the Securities Markets Act
GRK Infra Plc Stock exchange release 6 May 2025 at 11:00 a.m. EEST
GRK Infra Plc ("GRK") has on 6 May 2025 received a notification in accordance with chapter 9, section 5 of the Finnish Securities Market Act from Keijo Haavikko, according to which Keijo Haavikko's total holding in votes in GRK has exceeded ten (10) per cent on 5 May 2025. According to the notification, the reason for the notification is an event changing the breakdown of GRK's shares and voting rights.
As stated in the notification, GRK announced on 5 May 2025 by way of a stock exchange release that the over-allotment option of GRK's initial public offering was partially exercised. As further stated in the notification, GRK has in accordance with the over-allotment option issued 429,312 new shares in GRK to Nordea Bank Abp ("Nordea") acting as the stabilising manager in the initial public offering and received 1,460,255 own shares as well as cancelled the shares received, due to which the number of issued shares in GRK has decreased to 43,281,323 shares. The notification states that the number of voting rights has exceeded the notification threshold, when taking into account the 2,312,092 own shares held by GRK.
Total position of Keijo Haavikko's shares and voting rights in GRK 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 | Shares: 9.64% Voting rights: 10.18% | - | Shares: 9.64% Voting rights: 10.18% | 43,281,323 |
Position of previous notification (if applicable) | - | - | - | - |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights
| Number of shares and voting rights | % of shares and voting rights | ||
Class / type of shares | Direct | Indirect | Direct | Indirect |
FI4000517966 | 4,171,951 | - | Shares: 9.64% Voting rights: 10.18% | - |
SUBTOTAL A | 4,171,951 | - | Shares: 9.64% Voting rights: 10.18% | - |
Contacts
- Juha Toimela, CEO, GRK Infra Plc, +358 40 594 5473, juha.toimela@grk.fi
- Markku Puolanne, CFO, GRK Infra Plc, +358 40 069 4114, markku.puolanne@grk.fi
About GRK Infra Oyj
GRK designs, repairs and builds roads, highways, tracks and bridges in order to make everyday life run smoothly, promote people meeting each other and to create a more sustainable future. GRK's expertise also includes environmental technology. We operate in Finland, Sweden and Estonia with approximately 1,100 professionals. GRK's core competencies include the execution of versatile infrastructure construction projects, project management of both small and large projects as well as extensive rail expertise. GRK provides services from design to construction and maintenance.
Our customers include the state administration, municipalities and cities, as well as the private sector. GRK works on several projects in alliance with other companies of the infrastructure construction sector. In addition to the parent company of the group, GRK Infra Plc, the group consists of subsidiaries in each operating country: GRK Finland Ltd in Finland, GRK Eesti AS in Estonia and GRK Sverige AB in Sweden. The parent company of the group, GRK Infra Plc, is responsible for the administration and financing of the group. The subsidiaries GRK Finland Ltd, GRK Eesti AS and GRK Sverige AB carry out the operational activities of the group.