Glaston Oyj Abp - Major shareholder announcements

Notification of Change in Holdings according to Chapter 9, Section 10 of the Securities Markets Act

Helsinki, Finland, 2013-02-21 17:45 CET (GLOBE NEWSWIRE) --  Glaston
Corporation    Stock Exchange Release  21 February 2013 at 18.45 p.m. 

Notification of Change in Holdings according to Chapter 9, Section 10 of the
Securities Markets Act 

Glaston Corporation has today received a notification of change in holdings in
accordance with Chapter 9, Section 5 of the Securities Markets Act as follows: 

Hymy Lahtinen Oy´s share of the total number of shares and voting rights in
Glaston Corporation will exceed 5 per cent as a result of the arrangement
which, if completed, may result in the exceeding of the flagging threshold. 

In accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act
we hereby notify the Financial Supervisory Authority and Glaston Corporation as
follows: 

1. Name of the issuer of shares: Glaston Corporation

2. Reason for the flagging notification: Arrangement which, if completed, may
result in the exceeding of the flagging threshold of 5 per cent based on the
total number of shares and voting rights as set out in Chapter 9, Section 5 of
the Finnish Securities Market Act. 

3. Name and business identity code of the shareholder subject to the
notification obligation: Hymy Lahtinen Oy, Business ID 0854536-3. 

4. Share of the total number of shares and voting rights in the issuer:

Hymy Lahtinen Oy´s shareholding before the arrangement:
Number of shares: 150,200 shares
Share of the total number of shares and voting rights: 0.14 per cent

Hymy Lahtinen Oy's shareholding following the arrangement:
Number of shares: 10,150,200 shares
Share of the total number of shares and voting rights: 5.53 per cent

5. Main content of the arrangement
Glaston Corporation announced on 7 February 2013 further information on its
plan to strengthen the Company's balance sheet and financial position. The
Company is planning two directed share issues, one to the public (Share Issue)
and the other to the holders of the convertible bond issued in 2009 and
debenture bond issued in 2011 (Conversion Issue). Approximately a maximum total
of 78 million new shares is expected to be offered in the Share Issue and
Conversion issue. The subscription price will be 0.20 euro per share in the
Share Issue and 0.30 euro per share in the Conversion Issue. The Board of
Directors is expected to decide on the Share Issue and Conversion Issue around
the end of February 2013. 

As a part of the sale of the Tampere factory property, Hymy Lahtinen Oy, an
investment company of Lahtiset Yhtymä, has on 21 February 2013 signed a
commitment to subscribe for 10,000,000 new shares in the Share Issue prepared
by Glaston Corporation. 

The calculation basis for the flagging is that the Share Issue and the
Conversion Issue will be carried out in the given maximum amount. 

The announced number of shares and voting rights of Glaston Corporation total
105,588,636 on 21 February 2013. 

Helsinki 21 February 2013
Hymy Lahtinen Oy



Helsinki 21 February 2013

Glaston Corporation
Arto Metsänen
CEO and President

For further information, please contact:
Mr. Arto Metsänen, CEO and President, Glaston Corporation, tel. +358 10 500 500

Glaston Corporation
Glaston is a global company developing glass processing technology for
architectural, solar, appliance and automotive applications. Our portfolio
ranges from pre-processing and safety glass machines to services. We are
dedicated to our customers' continued success and provide services for all
glass processing needs with a lifecycle-long commitment in mind. For more
information, please visit www.glaston.net. Glaston's share (GLA1V) is listed on
the NASDAQ OMX Helsinki Small Cap List. 

Distribution: NASDAQ OMX Helsinki Ltd, Key Media, www.glaston.net