SSH Communications Security Oyj has received a notification from Clausal Computing Oy in accordance with the Finnish Securities Market Act Chapter 9, Section 5.
- Issuer of Shares
SSH Communications Security Oyj, 1035804-9
- Person subject to the notification obligation
Clausal Computing Oy, company ID: 2343262-3
- Basis for notification
Clausal Computing Oy has on the 13th of June 2018 sold (later Transaction) all of its shares in SSH Communications Security Oyj (later SSH) to its sole shareholder and member of the board of directors of SSH Tatu Ylönen. As a result of the transaction the ownership and voting rights of Ylönen in relation to SSH has not changed. After the closing of the Transaction the direct ownership of Ylönen in SSH is 18,317,123 shares equalling 47.56% of shares and voting rights. Before the Transaction Ylönens direct ownership was 14,508,473 shares as well as votes and 3,808,650 shares and votes indirectly through his 100% ownership in Clausal Computing Oy. In addition, Ylönen owns a portion of a convertible hybrid loan instrument entitling to the subscription of shares, which may result in a maximum of 105,042 new shares corresponding to 0.26% of the total number of shares and voting rights in a situation where all hybrid loan share owners would exercise their subscription right.
The Transaction was carried out as a part of an arrangement to transfer Ylönens ownership from indirect to direct. The sale and purchase has been executed at market price at the closing price on the 13th of May 2018 which was 2,02 euros per share.
As a result of the Transaction, the number of shares owned by Clausal Computing Oy has decreased from 3,808,650 pieces to 0. Ownership share of Clausal Computing Oy in SSH has therefore decreased to 0.00%, which no longer exceeds the 5% threshold for notice under chapter 9 of the Finnish Securities Market Act. After the sale Clausal Computing Oy no longer owns any shares nor has any voting rights in SSH.
- Ownership, control and voting rights in the company
Clausal Computing Oy owns in total 0 shares and/or votes in SSH.
In Helsinki 13.6.2018
SSH COMMUNICATIONS SECURITY OYJ
Chief Financial Officer
Niklas Nordström, CFO, puh. +358 50 5410543
Nasdaq Helsinki Oy
SSH Communications Security
SSH Communications Security is a leading provider of enterprise cybersecurity solutions that monitor, control, and automate trusted access to critical data. The companys long track record of innovation includes Secure Shell (SSH) one of the worlds most widely used network security protocols. Customers worldwide trust our flagship Universal SSH Key Manager® and other solutions to manage access, while greatly reducing costs and compliance risks. The Company sells direct through offices in North America, Europe and Asia and through a global network of certified partners. The companys shares (SSH1V) are quoted on the Nasdaq Helsinki. For more information, visit www.ssh.com.