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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 2020 Tecnotree had a total of 7,660 shareholders recorded in the book-entry securities system.

On 31 December 2020 the ten largest shareholders together owned approximately 76.8 per cent of the shares and voting rights.

On 31 December 2020, altogether 63.7 per cent of Tecnotree’s shares were in foreign ownership.

On 31 December 2020, the total number of shares owned by the members of Tecnotree’s Board of Directors and the CEO was 93,126,992 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 33.9 per cent of the total amount of shares and voting rights. On 31 December 2020 the total number of shares owned by the members of Tecnotree’s Management Board was 955,556 excluding those owned by the CEO.

Ownership structure by sector
  Number of shares %
Companies 31,461,161 11.5 %
Finance houses and insurance companies 11,811,833 4.3 %
Non-profit making assosiations 6,360 0.0 %
Households and private persons 56,271,102 20.5 %
Foreign holders 175,040,372 63.7 %
Total 274,590,828 100 %
Joint account 37,600 0.0 %
Total number of shares 274,628,428 100 %
Largest shareholders
The company´s ten largest shareholders No. of shares % of shares and voting rights
Fitzroy Investments Limited 74,000,000 26.9 %
Euroclear Bank Sa/Nv 51,221,000 18.7 %
Viking Acquisitions Corp. 29,353,295 10.7 %
Hammaren & Co Oy Ab 14,197,303 5.2 %
Nieminen Jorma Juhani 10,941,667 4.0 %
The Orange Company Oy 8,803,480 3.2 %
Mandatum Henkivakuutusosakeyhtiö 6,000,000 2.2 %
Wilenius Markku Johannes 5,500,000 2.0 %
Kaleva Mutual Insurance Company 5,397,870 2.0 %
Saarelainen Mika Pekka 5,363,248 2.0 %
Total 210,777,863 76.8 %
Ownership of shares
Number of shares Number of shareholders % Total number of shares %
1–500 3,059 39.9 % 624,376 0.2 %
501–1 000 1,222 16.0 % 1,005,726 0.4 %
1 001–5 000 2,125 27.7 % 5,506,177 2.0 %
5 001–10 000 559 7.3 % 4,323,817 1.6 %
10 001–50 000 546 7.1 % 11,419,733 4.2 %
50 001–100 000 68 0.9 % 5,119,567 1.9 %
100 001–500 000 50 0.7 % 8,985,247 3.3 %
> 500 000 31 0.4 % 237,606,185 86.5 %
Joint account     37,600 0.0 %
Total 7,660 100 % 274,628,428 100 %