Flaggings

The Securities Markets Act defines the limits at which, or in excess of which, the shareholder shall publicly disclose their portion of holdings in a publicly traded company. This disclosure has to be made to the company and the Financial Supervision Authority alike. Under the provisions of the Act, disclosure of the proportion of holdings has to be made once the holdings reach, exceed of fall below 5%, 10%, 15%, 20%, 25%, 33.3%, 50% or 66.7% (the threshold) of the voting rights or share capital of the company.

At the moment parties that own over 5% stake of Glaston Oy Abp are:

• Gws Trade Oy: 12.73% of shares and votes
• Oy G.W.Sohlberg Ab: 12.14% of shares and votes
• Suomen Teollisuussijoitus Oy: 8.32% of shares and votes
• Varma Mutual Pensions Insurance Company: 8.31% of shares and votes

Glaston Corporation received on 25 February 2011 a disclosure under Chapter 2, Section 9 of the Securities Markets Act, according to which the total number of Glaston shares owned by Suomen Teollisuussijoitus Oy and Keskinäinen työeläkevakuutusyhtiö Varma  has through share subscriptions on 25 February 2011 for both companies risen above 5% of the total number of Glaston shares. 
The companies have on the same date subscribed for the shares of Glaston in a directed share issue and convertion of the convertible loan held by them.

On 29 March 2011 Glaston was informed that the holdings of both Oy G.W.Sohlberg Ab and GWS Trade Oy in Glaston Corporation had fallen below 15% as part of the convertible bond conversion relating to Glaston’s financing arrangements. Oy G.W.Sohlberg Ab’s ownership fell to 12,819,400 shares, which is 12.51% of all Glaston shares and votes. GWS Trade Oy’s ownership fell to 13,446,700 shares, which is 13.12% of all Glaston shares and votes.

On 29 April 2011 Glaston was informed that the holding of Oy G.W.Sohlberg Ab and GWS Trade Oy in Glaston Corporation had fallen under 25% as part of the directed share issue without payment relating to Glaston’s financing arrangements as described in the stock exchange release of 28 April 2011. Oy G.W. Solhlberg Ab’s ownership fell to 12.14% and GWS Trade Oy’s to 12.73%.