A listed company’s shareholder has a duty to notify the listed company and the Finnish Financial Supervisory Authority (FIN-FSA) of major changes in its holdings and voting rights (flagging duty).
Pursuant to the Finnish Securities Markets Act a flagging notification must be made when a shareholder’s holdings or voting rights in a listed company reaches, exceeds, or falls below a flagging threshold. Flagging thresholds are 5%, 10%, 15%, 20%, 25%, 30%, 50%, 2/3 and 90% of the number of voting rights or shares in the listed company. After having received a flagging notification, the Company must publish its contents.
Flagging notifications must be sent by e-mail to ville.peltonen@auroora.com, and receipt of the notification must be confirmed by calling CFO Ville Peltonen (tel. +358 40 759 9142).