---
title: Norrhydro Group flagging obligation
description: Flagging obligation refers to the obligation to notify major shareholdings and proportions of voting rights in accordance with Chapter 9 of the Finnish Securities Markets Act.
image: https://www.norrhydro.com/hubfs/Norrhydro_logo%26slogan-Sep-29-2021-11-40-39-17-AM.jpg
---

 English

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# Flagging obligation

Flagging obligation refers to the obligation to notify major shareholdings and proportions of voting rights in accordance with Chapter 9 of the Finnish Securities Markets Act. The Finnish Securities Markets Act has been changed as of 19 April 2024 so that the obligation also applies to holdings and voting rights in companies traded in First North.

The purpose of the obligation is to provide investors with equal opportunities to have information on companies’ ownership structures and changes therein. A flagging notification shall be made whenever the proportion of holdings or votes in a listed company for a shareholder, or a person comparable to a shareholder, and/or holdings of controlled entities, reaches, exceeds, or falls below a disclosure threshold. The thresholds are 5%, 10%, 15%, 20%, 25%, 30%, 50%, 2/3 and 90% of the number of voting rights or shares in a company. 

A flagging notification to the company, as well as the Finnish Financial Supervisory Authority, shall be made as follows:

1. **Holdings exceeding a flagging threshold as of 19 April 2024  
   **In case a proportion of holdings or votes is at least five percent on 19 April 2024, as the change in regulation enters into force, such a holding has not previously been disclosed, a flagging notice shall be made within two months from the change in regulation, i.e. no later than 19 June 2024.
2. **Changes during the transition period 19 April – 19 June 2024  
   **In case a disclosure threshold has been reached, exceeded, or a holding falls below the threshold during the two-month transition period between 19 April – 19 June 2024, a flagging notification shall be made during this transition period, i.e. no later than 19 June 2024.
3. **Notifications after the transition period (as of 20 June 2024)**  
   As of 20.6.2024, flagging notifications must be made following normal rules without undue delay.

A shareholder must submit a flagging notification to the Financial Supervisory Authority using the flagging form available on the FIN-FSA's website and send the notification to the company.  

[Notification form](https://view.officeapps.live.com/op/view.aspx?src=https%3A%2F%2Fwww.finanssivalvonta.fi%2Fglobalassets%2Fen%2Fcapital-markets%2Fissuers-and-investors%2Fnotification-of-major-holdings%2Fnotification_of_major_shareholdings.docx&wdOrigin=BROWSELINK)

More information on the flagging obligation is available on FIN-FSA website at:  
[https://www.finanssivalvonta.fi/en/financial-market-participants/capital-markets/issuers-and-investors/notification-of-major-holdings/](https://www.finanssivalvonta.fi/en/financial-market-participants/capital-markets/issuers-and-investors/notification-of-major-holdings/).

Flagging notifications to Norrhydro Group Plc shall be sent by email to [ir@norrhydro.com.](mailto:ir@norrhydro.com) Norrhydro Group publishes these notifications as Company Announcements.

## Flagging notifications

Search publications Search publications Latest ​ Company announcement Flagging notification EN / FI 5/30/2024 Norrhydro Group Oyj – Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Helle-Kangas Consulting Oy) Flagging notification Company announcement 5/21/2024 Norrhydro Group Oyj – Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Keskinäinen Eläkevakuutusyhtiö Ilmarinen) Flagging notification Company announcement 5/16/2024 Norrhydro Group Oyj – Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Economica Yrityspalvelut Oy) Flagging notification Company announcement Inderes 2024

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**Norrhydro Group Oyj

**Headquarter & production

 Ratavartijankatu 2

FI-96100 Rovaniemi, Finland    

Product development   
Raspinkatu 4  
FI-33840 Tampere, Finland

##### Norrhydro

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