Correction: Purmo Group Plc: Notification pursuant to Chapter 9, section 10 of the Securities Markets Act
Purmo Group Plc | Stock Exchange Release | August 16, 2024 at 15:45:00 EEST
The company is correcting the release based on the notification it has previously received. In this release, the accurate name of the party that made the notification has been corrected, and information on the direct holding of Project Grand Bidco (UK) Limited and the indirect control of Apollo Global Management, Inc. has been clarified.
Purmo Group Plc (“Purmo Group” or the “Company”) has received a notification in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets Act (as amended, the “SMA”) from Apollo Global Management, Inc.
According to the notification, the total holdings of Purmo Group shares and votes held directly by Project Grand Bidco (UK) Limited increased to 94.53 per cent of all the registered shares in Purmo Group on 16 August 2024. The indirect control of Apollo Global Management, Inc. in Purmo Group Plc has therefore increased to 94.53 per cent of all the registered shares in Purmo Group on 16 August 2024.
The total number of the Company’s registered shares amounts to 42,677,930 shares. Each share entitles to one (1) vote.
The total position of Apollo Global Management, Inc. subject to the notification:
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A+B) | |
| Resulting situation on the date on which threshold was crossed or reached | 94.53 | - | 94.53 |
| Position of previous notification (if applicable) | - | - | - |
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 sharesISIN code | Number of shares and voting rights | % of shares and voting rights | ||
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| FI4000507488 | - | 40,341,493 | - | 94.53 |
| SUBTOTAL A | 40,341,493 | 94.53 | ||
Information in relation to the person subject to the notification obligation as contained in the notification
The complete chain of controlled undertakings through which the shares, 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 |
| Apollo Global Management, Inc. | - | - | - |
| Apollo Asset Management, Inc. | - | - | - |
| APO Asset Co., LLC | - | - | - |
| Apollo Principal Holdings III GP, Ltd. | - | - | - |
Additional information:
| List of controlled undertakings continued: APH Holdings, L.P. Apollo Clean Transition Equity Partners II Capital Management, LLC Apollo Clean Transition Equity Partners II Advisors, L.P. Apollo Clean Transition Equity Overseas Partners II (Lux) GP, S.a r.l. AP Grand Aggregator (Lux) SCSp Project Grand Topco (UK) Limited Project Grand Midco (UK) Limited Project Grand Bidco (UK) Limited 94.53 % of shares, 94.53 % in total. The direct holding of Project Grand Bidco (UK) Limited in Purmo Group Plc has increased to 40,341,493 shares, corresponding to 94.53 percent of Purmo Group Plc’s shares and voting rights. The indirect control of Apollo Global Management, Inc. in Purmo Group Plc has therefore increased to 40,341,493 shares, corresponding to 94.53 percent of Purmo Group Plc’s shares and voting rights. Information regarding the investor consortium: Project Grand Topco (UK) Limited was incorporated to be the holding company in the acquisition structure and 80% of its shares are indirectly owned by certain affiliated funds of Apollo Global Management, Inc. and its subsidiaries and 20% of its shares are owned by Rettig Oy Ab, through its subsidiary Rettig Investment AB. |
Further information:
Katariina Kataja, Head of Investor Relations, Purmo Group Plc
Tel. +358 40 527 1427
Distribution:
Nasdaq Helsinki Ltd
Principal media
investors.purmogroup.com
About Purmo Group:
Purmo Group is at the centre of the global sustainability journey by offering full solutions and sustainable ways of heating and cooling homes to mitigate global warming. We provide complete heating and cooling solutions to residential and non-residential buildings, including underfloor heating and cooling systems, a broad range of radiators, heat pumps, flow control and hydronic distribution systems, as well as smart products. Our mission is to be the global leader in sustainable indoor climate comfort solutions. Our approximately 2,950 employees operate in 23 countries, manufacturing and distributing top-quality products and solutions to our over 100,000 customers in more than 100 countries. Purmo Group’s shares are listed on Nasdaq Helsinki with the ticker symbol PURMO. More information: www.purmogroup.com.