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Flagging notification in accordance with the Finnish Securities Market Act Chapter 9 Section 5: Nordstjernan AB decreased holding in Exel Composites Plc

25.11.2013 09:00 EET

EXEL COMPOSITES PLC     STOCK EXCHANGE RELEASE                   25.11.2013 at 9.00                

Flagging notification in accordance with the Finnish Securities Market Act Chapter 9 Section 5: Nordstjernan AB decreased holding in Exel Composites Plc

Exel Composites Plc (business ID 1067292-7) has today 25 November 2013 received a disclosure under Chapter 9, Section 5 of the Securities Markets Act, according to which the holding of Nordstjernan AB (business ID 556000-1421) has fallen under 25 per cent of the voting rights and share capital in Exel Composites Plc. 

Through share transactions concluded on 22 November 2013, the holding of Nordstjernan AB has decreased from 3,496,506 shares (29.4 per cent) to 2,656,506 shares, representing 22.3 per cent of the shares and voting rights of the Company.

 

Vantaa, 25 November 2013

   

EXEL COMPOSITES PLC

Vesa Korpimies
President and CEO              

    

FURTHER INFORMATION:

Vesa Korpimies, President and CEO, tel. +358 50 590 6754, or email vesa.korpimies@exelcomposites.com
Ilkka Silvanto, CFO and Administrative Director, tel. +358 50 598 9553, or email ilkka.silvanto@exelcomposites.com

   

DISTRIBUTION
NASDAQ OMX Helsinki Ltd.

Main news media
www.exelcomposites.com

   

EXEL COMPOSITES IN BRIEF 

Exel Composites (www.exelcomposites.com) is a technology company which designs, manufactures and markets composite profiles and tubes for industrial applications. The Group is the leading composite profile manufacturer in the world and concentrates on growing niche segments.

The core of the operations is based on own, internally developed composite technology, product range based on it and a strong market position in selected segments with a strong quality and brand image. Profitable growth is pursued by a relentless search for new applications and development in co-operation with customers. The personnel’s expertise and high level of technology play a major role in Exel Composites’ operations.

Exel Composites Plc share is listed in the Small Cap segment of NASDAQ OMX Helsinki Ltd.

Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland