SATO Oyj
Change in the shareholding in SATO Corporation
SATO Oyj 03.11.2014 08:11 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Helsinki, Finland, 2014-11-03 08:11 CET (GLOBE NEWSWIRE) -- SATO Corporation, Stock Exchange Release, 3 November 2014 at 9:11 am. Suomi Mutual Life Assurance Company, a shareholder of SATO Corporation, has announced on 31st October 2014 that they have sold 3,519,410 of their SATO Corporation shares. By this trade the share of ownership Suomi has of SATO changes from 14.8 % to 7.9 %. SATO Corporation has a single series of shares, and one share is entitled to one vote. SATO Corporation has a total of 51,001,842 shares. Additional information: SATO Corporation Chairman of the Board Juha Laaksonen, p. +358 (0) 50 452 4519 CEO Erkka Valkila, p. +358 (0) 201 34 4001 and +358 (0) 50 62 050 www.sato.fi SATO is one of Finland's leading corporate investors in housing. SATO's aim is to offer comprehensive alternatives in rental housing and an excellent customer experience. SATO owns a total of approximately 24,000 rental apartments in the largest Finnish urban growth centres and in St. Petersburg. In our operations, we promote sustainable development and initiative-taking, and work in open interaction with our stakeholders to create added value. We operate profitably and with a long-term view. We increase the value of our housing property through investments, divestments and repair work. SATO Group's net sales in 2013 were EUR311.5 million, operating profit EUR178.3 million and profit before taxes EUR140.8 million. SATO's investment properties are valued at EUR2.5 billion. News Source: NASDAQ OMX 03.11.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SATO Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI0009011688 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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