TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES

Powerflute Oyj 

18.05.2012 11:13

Dissemination of a Adhoc News, transmitted by DGAP - a company of
EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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For filings with the FSA include the annex
For filings with issuer exclude the annex 





TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES
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1. Identity of the issuer or the underlying issuer of existing        Powerflute
 shares to which voting rights are attached:                           Oyj      
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2 Reason for the notification (please tick the appropriate box or boxes):       
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- 
An acquisition or disposal of voting rights                                  NO 
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An acquisition or disposal of qualifying financial instruments which may     NO 
 result in the acquisition of shares already issued to which voting rights      
 are attached                                                                   
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An acquisition or disposal of instruments with similar economic effect to    NO 
 qualifying financial instruments                                               
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An event changing the breakdown of voting rights                             NO 
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Other       Bestinver Gestión S.A., SGIIC shall exercise the voting rights   YES
 (please     attached to the assets of UIS SICAV, a SICAV under its             
 specify):   investment management, as of May 15th, 2012.                       
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3. Full name of person(s) subject   BESTINVER GESTION S.A., SGIIC               
 to the notification obligation:                                                
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4. Full name of shareholder(s) (if  See Annex attached (investment institutions 
 different from 3.):                 and pension funds represented by Bestinver 
                                     Gestión S.A. SGIIC)                        
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5. Date of the transaction and                                          15.05.12
 date on which the threshold is                                                 
 crossed or reached:                                                            
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6. Date on which issuer notified:                                               
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7. Threshold(s) that is/are                                                  10%
 crossed or reached:                                                            
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8. Notified details:                                                            
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- 
A: Voting rights attached to shares                                             
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- 
  Class/type of      Situation previous        Resulting situation after the    
     shares           to the triggering           triggering transaction        
if possible using       transaction                                             
     the ISIN                                                                   
       CODE                                                                     
   FI0009015291                                                                 
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     Number          Number      Number         Number of voting         % of   
       of              of       of shares           rights              voting  
     Shares          Voting                                             rights  
                     Rights                                                     
                   28.726.775                                                   
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Direct               Direct     Indirect      Direct      Indirect    
                               29.632.863                  10,22%     
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B: Qualifying Financial Instruments                                          
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Resulting situation after the triggering transaction                         
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Type of financial  Expiration   Exercise/     Number of voting    % of voting
   instrument         date     Conversion   rights that may be       rights  
                                 Period       acquired if the                
                                               instrument is                 
                                           exercised/ converted.             
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C: Financial Instruments with similar economic effect to Qualifying Financial   
 Instruments                                                                    
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- 
Resulting situation after the triggering transaction                            
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- 
    Type of      Exercise  Expiratio  Exercise/     Number of      % of voting  
   financial      price        n      Conversio       voting          rights    
   instrument                 date        n           rights                    
                                       period       instrument                  
                                                    refers to                   
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                                                                  Nominal  Delta
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Total (A+B+C)                                       
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Number of voting rights  Percentage of voting rights
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       29.632.863                   10,22%          
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9. Chain of controlled undertakings through which the voting rights and/or the  
financial instruments are effectively held, if applicable:                      
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Bestinver Gestión S.A. SGIIC is a Spanish fund management company. As a fund    
 management company it exercises the voting rights attached to the shares       
 property of the investment institutions it manages and represents.             
 Additionally, Bestinver Gestión S.A. SGIIC has been granted a power of attorney
 to exercise the voting rights attached to the shares under the property of the 
 pension funds managed by Bestinver Pensiones EGFP, S.A.                        
Please find attached the Annex with detail of the holdings of each investment   
 and pension fund. Please notice that Bestinver Internacional F.I. and          
 Bestinfond F.I. have a holding equal to 3,93% and 2,75% of Powerflute Oyj,     
 respectively.                                                                  
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Proxy Voting:                                                   
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10. Name of the proxy holder:                                   
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11. Number of voting rights proxy holder will cease to hold:    
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12. Date on which proxy holder will cease to hold voting rights:
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13. Additional information:                     
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14. Contact name:              Elena Morris Sanz
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15. Contact telephone number:  +34 91 595 91 58 
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News Source: NASDAQ OMX



18.05.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Powerflute Oyj
              
               
              Finland
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         FI0009015291
WKN:          
 
End of Announcement                             DGAP News-Service
 
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