SATO Corporation, Managers' Transactions, 13th June 2018 at 3:45 pm
Person subject to the notification requirement
Name: Balder Finska Otas AB
Position: Closely associated person
(X) Legal person
(1): Person discharging managerial responsibilities in issuer
Name: Erik Selin
Position: Member of the Board/Deputy member of the Board
Issuer: SATO Corporation
Notification type: INITIAL NOTIFICATION
Reference number: 7437009ELUGUOA45V564_20180613084607_5
Transaction date: 2018-06-11
Venue: Outside a trading venue
Instrument type: SHARE
Nature of the transaction: ACQUISITION
Volume: 39 200 Unit price: 25.75000 EUR
Volume: 39 200 Volume weighted average price: 25.75000 EUR
For additional information, please contact:
Katri Innanen, Vice President, General Counsel
p. +358 201 34 4014 and +358 400 678 898
SATO is one of Finland's leading rental housing providers. SATO aims to offer a comprehensive choice of rental housing and an excellent customer experience. At year-end 2017 SATO owned around 25,800 apartments in Finland's largest growth centres and in St Petersburg.
We promote sustainable development and initiative through our operations and work in open interaction with our stakeholders to generate added value. We operate profitably and with a long-term view. We increase the value of our housing assets through investments, divestments and repairs.
The SATO Group's net sales in 2017 were €280 million, operating profit €231 million and profit before taxes €185 million. The value of SATO's investment assets is roughly EUR 3.6 billion.