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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. 99.97 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 2017 Tecnotree had a total of 5,687 shareholders recorded in the book-entry securities system.

The ten largest shareholders together owned approximately 35.68 per cent of the shares and voting rights on 31 December 2017.

On 31 December 2017, altogether 6.24 per cent of Tecnotree’s shares were in foreign ownership.

On 31 December 2017, the total number of shares owned by the members of Tecnotree’s Board of Directors and the CEO was 5,070,407 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 4.17 per cent of the total amount of shares and voting rights. On 31 December 2017 the total number of shares owned by the members of Tecnotree’s Management Board was 10,000 excluding those owned by the CEO.

Ownership structure by sector 31 December 2017


No. of shares %
Companies 27,247,147 22.22%
Finance houses and insurance companies 11,935,229 9.73%
Non-profit making assosiations 6,350 0.01%
Households and private persons 75,753,655 61.77%
Foreign holders 7,648,447 6.24%
Total 122,590,828 99.97%
Joint account 37,600 0.03%
Total number of shares 122,628,428 100.00%
Nominee registrations 3,069,506 2.50%

 Largest shareholders 31 December 2017

The company´s ten largest shareholders No. of shares % of shares and voting rights
Hammaren & Co Oy Ab 8,803,480 7.18%
Wilenius Markku Johannes 7,127,000 5.81%
The Orange Company Oy 6,000,000 4.89%
Mandatum Henkivakuutusosakeyhtiö 5,740,000 4.68%
Keskinäinen Vakuutusyhtiö Kaleva 5,500,000 4.49%
Tuomela Matti Veikko Antero 2,687,162 2.19%
Sumelius Christer 2,147,937 1.75%
Gripenberg Jarl kuolinpesä 2,100,000 1.71%
Saarelainen Mika Pekka 1,999,626 1.63%
Nieminen Jorma Juhani 1,650,000 1.35%
Total 43,755,205 35.68%

 Ownership of shares 31 December 2017

No. of shares Holders % Shares and votes %
1–500 1,842 32.39% 416,548 0.34%
501–1 000 807 14.19% 668,606 0.55%
1 001–5 000 1,594 28.03% 4,262,186 3.48%
5 001–10 000 532 9.35% 4,290,300 3.50%
10 001–50 000 642 11.29% 15,047,216 12.27%
50 001–100 000 126 2.22% 9,210,985 7.51%
100 001–500 000 111 1.95% 21,872,463 17.84%
> 500 000 33 0.58% 66,822,524 54.49%
Joint account

37,600 0.03%
Total 5,687 100.00% 122,628,428 100.00%