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 Supervisory 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.

On 30 April 2013, parties that own over 5% stake of Glaston Corporation are:

• Keskinäinen Eläkevakuutusyhtiö Etera: 14,01% of shares and votes
• Varma Mutual Pensions Insurance Company: 8.95% of shares and votes
• Suomen Teollisuussijoitus Oy: 8.57% of shares and votes
• GWS Trade Oy: 6.94% of shares and votes
• Oy G.W.Sohlberg Ab: 6.62% of shares and votes
• Hymy Lahtinen Oy: 5,42 %
• Yleisradion Eläkesäätiö S.R: 5.41%

Glaston Corporation received on 11 March 2013 the following notifications of change in holdings in accordance with Chapter 9, Section 5 of the Securities Markets Act. All changes in holdings are related to a share issue directed to the public and a conversion issue directed to the holders of Glaston Corporation’s convertible bond 2009 and debenture bond 2011 as described in a stock exchange release issued by Glaston Corporation on 11 March 2013:

Hymy Lahtinen Oy´s share of the total number of shares and voting rights in Glaston Corporation has exceeded 5 per cent. Hymy Lahtinen Oy’s shareholding following the share issues is 10,150,200 shares and the share of the total number of shares and voting rights is 5.24 per cent.

GWS Trade Oy’s share of the total number of shares and voting rights in Glaston Corporation has fallen below 10 per cent. GWS Trade Oy’s shareholding following the share issues is 13,446,700 shares and the share of the total number of shares and voting rights is 6.94 per cent.

Oy G.W. Sohlberg Ab’s share of the total number of shares and voting rights in Glaston Corporation has fallen below 10 per cent.  G.W. Sohlberg's number of shares is 12,819,400 shares and share
of the total number of shares and voting rights is 6.62 per cent.

Glaston Corporation received on 12 March 2013 the following notifications of change in holdings in accordance with Chapter 9, Section 5 of the Securities Markets Act. All changes in holdings are related to a share issue directed to the public and a conversion issue directed to the holders of Glaston Corporation’s convertible bond 2009 and debenture bond 2011 as described in a stock exchange release issued by Glaston Corporation on 11 March 2013:

Yleisradion eläkesäätiö's (Yleisradio Pension Fund) share of the total number of shares and voting rights in Glaston Corporation has exceeded 5 per cent. Yleisradion eläkesäätiö’s shareholding following the share issues is 10,481,369 shares and share of the total number of shares and voting rights is 5.41 per cent.

Etera Mutual Pension Insurance Company´s share of the total number of shares and voting rights in Glaston Corporation has exceeded 10 per cent.  Etera Mutual Pension Insurance Company’s shareholding following the share issues is 26,764,885 shares and the share of the total number of shares and voting rights is 13.82 per cent.

2011

On 25 February 2011, Glaston was informed that Finnish Industry Investment Ltd. and Varma Mutual Pension Insurance Company had subscribed for shares in Glaston’s directed share offering and had converted their Glaston convertible bond holdings into the company’s shares. Finnish Industry Investment Ltd.’s ownership rose to 8.32% of Glaston's total shares and votes and Varma Mutual Pension Insurance Company’s ownership to 8.31%.

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 12.51% of Glaston’s total shares and votes and GWS Trade Oy’s ownership to 13.12%.  

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%.