Shareholders

Tecnotree has a single share series and all shares hold equal voting rights. Tecnotree’s share is quoted on the NASDAQ OMX Helsinki Ltd. Tecnotree’s trading code is TEM1V. 99.98 per cent of the company's shares are entered in the book entry securities system maintained by Euroclear Finland Ltd.

According to Article 14 of Tecnotree’s Articles of Association, a shareholder whose holding reaches or exceeds 33 1/3 per cent or 50 per cent of all the company’s shares or of the voting rights held by the shares, is obliged, at the request of other shareholders, to redeem their shares and securities entitling holders to shares, on terms specified in more detail in Article 14 of the Articles of Association. In Tecnotree Corporate Extraordinary General Meeting 9 November 2016, the General Meeting resolved to remove Article 14 in its entirety.

On 31 December 2019 Tecnotree had a total of 4,802 shareholders recorded in the book-entry securities system.

On 31 December 2019 the ten largest shareholders together owned approximately 79.46 per cent of the shares and voting rights.

On 31 December 2019, altogether 64.76 per cent of Tecnotree’s shares were in foreign ownership.

On 31 December 2019, the total number of shares owned by the members of Tecnotree’s Board of Directors and the CEO was 74,197,303 which includes the shares owned by these persons themselves, by close family members and by companies in which they hold a controlling interest. Altogether these represent 29.96 per cent of the total amount of shares and voting rights. On 31 December 2019 the total number of shares owned by the members of Tecnotree’s Management Board was 43,236 excluding those owned by the CEO.

Ownership structure by sector 31 December 2019

	No. of shares	%
Companies	20,919,576	8.45%
Finance houses and insurance companies	11,747,448	4.74%
Non-profit making assosiations	6,350	0.00%
Households and private persons	54,561,358	22.03%
Foreign holders	160,356,096	64.76%
Total	247,590,828	99.98%
Joint account	37,600	0.02%
Total number of shares	247,628,428	100.00%

Largest shareholders 31 December 2019

The company´s ten largest shareholders	No. of shares	% of shares and voting rights
Fitzroy Investments Limited	74,000,000	29.88%
Euroclear Bank Sa/Nv	51,000,000	20.60%
Viking Acquisitions Corp.	29,353,295	11.85%
Hammaren & Co Oy Ab	8,803,480	3.56%
Nieminen Jorma Juhani	6,993,000	2.82%
The Orange Company Oy	6,000,000	2.42%
Mandatum Henkivakuutusosakeyhtiö	5,887,446	2.38%
Wilenius Markku Johannes	5,741,373	2.32%
Kaleva Mutual Insurance Company	5,500,000	2.22%
Saarelainen Mika Pekka	3,496,928	1.41%
Yhteensä	247,628,428	79.46%

Ownership of shares 31 December 2019

Number of shares	Number of shareholders	%	Total number of shares	%
1–500	1,868	38.9%	401,833	0.16%
501–1 000	722	15.0%	595,900	0.24%
1 001–5 000	1,323	27.6%	3,440,181	1.39%
5 001–10 000	370	7.7%	2,928,436	1.18%
10 001–50 000	374	7.8%	8,527,801	3.44%
50 001–100 000	65	1.4%	4,874,162	1.97%
100 001–500 000	51	1.1%	9,766,734	3.94%
> 500 000	29	0.6%	217,055,781	87.65%
Joint account			37,600	0.02%
Total	4,802	100.0%	247,628,428	100.00%

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