HONKARAKENNE: NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 9, SECTION 5
HONKARAKENNE OYJ Stock Exchange 1 June 2020 at 12:00 a.m.
HONKARAKENNE: NOTICE PURSUANT TO THE FINNISH SECURITIES MARKET ACT, CHAPTER 9, SECTION 5
Honkarakenne Oyj has received the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act:
Saarelainen Oy’s holding of shares in Honkarakenne Oyj's shares has exceeded 10 percent of total number of shares.
1. Identity of the issuer: Honkarakenne Oyj                    Â
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2. Reason for the notification: An acquisition or disposal of shares or voting rights                         Â
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3. Details of person subject to the notification obligation:
Name: Saarelainen OyÂ
City and country of residence: Tuusula, Suomi
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5. Date on which the threshold was crossed or reached: 29 June 2020
6. Total positions of person(s) subject to the notification obligation:
 | % of shares and voting rights (total of 7.A) | % of shares and voting rights through financial instruments (total of 7.B) | Total of both in % (7.A + 7.B) | Total number of shares and voting rights of issuer |
Resulting situation on the date on which threshold was crossed or reached | Direct:10.04 % of shares and 22.64 % of votes, total :16.31 % of shares and 38.00% votes | Â | Direct:10.04 % of shares and 22.64 % of votes, total :16.31 % of shares and 38.00% votes | 6Â 211 419 shares and 11Â 913 243 votes |
Position of previous notification (if applicable) | Direct: 9.86 % of shares and 22.57 % votes, total: 16.65 % of shares and 41.16 % votes |  | Direct: 9.86 % of shares and 22.57 % votes, total: 16.65 % of shares and 41.16 % votes |  |
7. Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
Class/type of shares ISIN code (if possible) | Number of shares and voting rights | Â | % of shares and voting rights | Â |
 | Direct (SMA 9:5) | Indirect (AML 9:6 ja 9:7) | Direct (SMA 9:5) | Indirect (AML 9:6 and 9:7) |
HONBS FI0009900104 | shares 514690 | shares 313223 | 8.71% | 5.3% |
 | votes 514690 | votes 313223 |  |  |
HONAS FI0009901292 | shares 109100 | shares 75862 | 36.36% | 25.28% |
 | votes 2182000 | votes 1517240 |  |  |
A TOTAL | shares: direct 623790 and total 1012875Â | Â | shares: direct 10,04 % and total 16.31 % | Â |
 | votes: direct 2696690 and total 4527153 |  | votes: direct 22.64 % and total 38.00 % |  |
8. Information in relation to the person subject to the notification obligation
X 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 |
Saarelainen Oy | 10.04 % of shares | Â | 10.04 % of shares |
 | 22.64 % of votes |  | 22.64 % of votes |
Saarelainen family members included iin Saarelainen shareholder agreement | 6.26 % of shares 15.36 % of votes | Â | 6.26 % of shares 15.36 % of votes |
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10. Additional information:
Saarelainen Oy’s holding of shares in Honkarakenne shares has exceeded 10 percent of total number of shares.
Saarelainen Oy and certain shareholders representing the Saarelainen family signed an amended shareholder agreement on 17 February 2009. The previous shareholder agreement was signed on 21 April 1990. The parties to the agreement agreed that the shareholders will strive to exercise their voting rights unanimously at company meetings. If they are unable to reach consensus, the shareholders will vote in favour of Saarelainen Oy's position.
HONKARAKENNE OYJ
Marko Saarelainen
President and CEO
FOR MORE INFORMATION:
Marko Saarelainen, President and CEO, tel. +358 40 542 0254, marko.saarelainen@honka.com or
Leena Aalto, Vice President, Finance - CFO, tel. +358 40 769 4590, leena.aalto@honka.com
DISTRIBUTION
NASDAQ OMX Helsinki Oy
Main media
Financial supervision
www.honka.com
Honkarakenne Oyj supplies high-quality, healthy and ecological log homes, holiday homes and public buildings. Its buildings are made from Finnish solid wood under the Honka® brand. The company has delivered 85,000 buildings to over 50 countries. We manufacture our home packages in Finland, our own factory is located in Karstula. In 2019, Honkarakenne Group's consolidated net sales totalled EUR 47.5 million, of which exports accounted for 34%. www.honka.com
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