Notification of the holdings of PPG Industries, Inc.
Major Shareholders Announcement
5 February 2021 at 7.15 p.m. (EET)
Tikkurila Oyj (business ID 0197067-4) (“Tikkurila”) has on 4 February 2021 received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 5, from PPG Industries, Inc. relating to the share purchase agreements as announced on 4 February 2021, the completion of which will result in the holdings of PPG Industries, Inc. in Tikkurila to increase as per below. According to their notification, the total holdings by PPG Industries, Inc. in the shares of Tikkurila (FI400008719) will increase as described below.
Details of person(s) subject to the notification obligation
PPG Industries, Inc. (entity no. 284424), Pittsburgh, PA, U.S.
Reason for notification
Share purchase agreements entered into by PPG Industries, Inc. regarding
- the acquisition of 9.32 percent of the shares in Tikkurila
- the acquisition of 20.01 percent of the shares in Tikkurila owned by Oras Invest Oy, the completion of which is subject to the receipt of certain regulatory approvals
PPG Industries, Inc. has on 4 February 2021 entered into share purchase agreements, together representing in the aggregate approximately 9.32 percent of the shares in Tikkurila.
PPG Industries, Inc. and Oras Invest Oy have on 4 February 2021 entered into a share purchase agreement, whereby PPG Industries, Inc. will acquire from Oras Invest Oy in the aggregate 20.01 percent of the Tikkurila Oyj shares owned by Oras Invest Oy. The completion of acquisition is subject to the receipt of certain regulatory approvals.
For additional information, please contact:
Sanna Lehti, General Counsel
tel. +358 40 5111757
Tikkurila is a leading Nordic paint company with expertise that spans decades. We develop premium products and services that provide our customers with quality that will stand the test of time and weather. We operate in seven countries and our 2,700 dedicated professionals share the joy of building a vivid future through surfaces that make a difference. In 2018, our revenue totaled EUR 562 million. The company is listed on Nasdaq Helsinki.
Nordic quality from start to finish since 1862.