??Cramo Plc Stock Exchange Release 21 March 2018, at 1.30 pm Finnish time (EET)
Notification pursuant to Chapter 9, section 5 of the Securities Markets Act
Cramo Plc has received on 20 March 2018 the following notification pursuant to Chapter 9, section 5 of the Securities Markets Act ("SMA") from Massachusetts Mutual Life Insurance Company of Springfield, Massachusetts, USA, according to which the company's total holding of shares in Cramo Plc has fallen below five (5) percent on 19 March 2018. According to the notification, the reason for the notification was a disposal of shares or voting rights.
Aggregate position of Massachusetts Mutual Life Insurance Company according to the notification:
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | Less than 5% | - | Less than 5% | 44,690,554 |
| Position of previous notification (if applicable) | 5.90% | - | 5.90% |
Notified details of the resulting situation following the crossing of the threshold:
A: Shares and voting rights
| Number of shares and voting rights | % of shares and voting rights | |||
| Class/type of shares | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI0009900476 | 2,227,142 | 2,227,142 | ||
| SUBTOTAL A | 2,227,142 | 2,227,142 | ||
Information in relation to the person subject to the notification obligation as contained in the notification:
| 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 |
| Massachusetts Mutual Life Insurance Company | 4.98% | - | 4.98% |
| MassMutual Holding LLC | 4.98% | - | 4.98% |
| OppenheimerFunds, Inc. | 4.00% | - | 4.00% |
| OFI Global Institutional, Inc. | 0.03% | - | 0.03% |
| Barings LLC | 0.97% | - | 0.97% |
| Barings Guernsey Limited | 0.97% | - | 0.97% |
| Barings Europe Limited | 0.97% | - | 0.97% |
| Baring Asset Management Limited | 0.97% | - | 0.97% |
Additional information contained in the notification:
| OppenheimerFunds, Inc., OFI Global Institutional, Inc. and Baring Asset Management Limited are investment managers that independently exercise their respective voting powers on behalf of the clients and investment funds whose assets they are managing. Filing is made to identify that Massachusetts Mutual Life Insurance Company and certain of its subsidiaries have fallen below the 5% threshold. |
CRAMO PLC
Leif Gustafsson
President and CEO
Further information:
Mr Mattias Rådström, SVP, Communication, Marketing and Investor Relations, tel: +46 70 868 7045
Distribution:
Nasdaq Helsinki Ltd.
Main media
www.cramogroup.com
Cramo is Europe's second largest rental services company specialising in construction machinery and equipment rental and rental-related services as well as the rental of modular space. Cramo operates in about 300 depots in fourteen countries. With a group staff around 2,500, Cramo's consolidated sales in 2017 was EUR 729.5 million. Cramo shares are listed on Nasdaq Helsinki Ltd.
Read more: www.cramogroup.com, www.twitter.com/cramogroup
