Inactive Instrument

Tikkurila Oyj

Equities

TIK1V

FI4000008719

Tikkurila Oyj : Sand Grove Capital Management's holding in Tikkurila increased to 5.06 percent

January 19, 2021 at 03:41 pm

Tikkurila Oyj
Major Shareholders Announcement
19 January 2021 at 5.40 p.m. (EET)

Tikkurila Oyj (business ID 0197067-4) has on January 19, 2021, received a notification pursuant to the Finnish Securities Markets Act, Chapter 9, Section 10, from Sand Grove Capital Management LLP.

The holding of the funds and accounts managed by Sand Grove Capital Management in the shares of Tikkurila Oyj has increased above the 5% threshold, and is now 5.06 percent, after Sand Grove Capital Management increased its holding in Tikkurila Oyj by 2,230,000 shares due to the trades executed on January 18, 2021.

Full name of shareholders:

Sand Grove Opportunities Master Fund Ltd.
Sand Grove Tactical Fund LP
Investment Opportunities 2 Segregated Portfolio

Following the announcement, the total holdings of Sand Grove Capital Management LLP in Tikkurila Oyj amount to 2,230,000 shares, which corresponds to 5.06 percent of Tikkurila's total amount of shares and voting rights.

Tikkurila Oyj
Sanna Lehti
General Counsel

For additional information, please contact:

Sanna Lehti, General Counsel
tel. +358 40 5111757
sanna.lehti@tikkurila.com

Sustainable Nordicness
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 2019, our revenue totaled EUR 564 million. The company is listed on Nasdaq Helsinki. Nordic quality from start to finish since 1862.
www.tikkurilagroup.com (https://na01.safelinks.protection.outlook.com/?url=http://www.tikkurilagroup.com&data=02|01|Patrik.Pihlman@cision.com|a57b7350421d4369783908d5a5065d66|887bf9ee3c824b88bcb280d5e169b99b|1|0|636596369154901028&sdata=e0YwHsnSb0faQH3ttp/3mYoiFcmgRr08Vthl/6dqvYs=&reserved=0)

https://news.cision.com/tikkurila/r/sand-grove-capital-management-s-holding-in-tikkurila-increased-to-5-06-percent,c3270540

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Company Profile

Tikkurila Oyj is a Finland-based company active in the paint industry. It provides consumers, professionals and the industry with products for protecting and decorating surfaces. The Company's operations are divided into four strategic business units (SBU's): SBU East, SBU Scandinavia, SBU Finland and SBU Central Eastern Europe (CEE). The Company offers products, including interior paints, lacquers, and effect products, exterior products for wood, masonry, and metal surfaces, as well as services related to painting, among others. In addition, the Company produces paints and coatings for the metal and wood industries. The Company sells decorative paints primarily to home improvement stores, paint store chains, and independent paint retailers. The Company also has its own paint stores. It has four main strategic brands, which include Alcro, Teks, Tikkurila and Vivacolor, as well as a number of local brands, which comprise Beckers, Finncolor, Gamma and Jedynka, among others.

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