SATO Corporation, Managers’ transactions, 2 December 2020 at 2.35 pm
Person subject to the notification requirement
Name: Fastighets AB Balder
Position: Closely associated person
(X) Legal person
(1):Person Discharging Managerial Responsibilities In Issuer
Name: Selin, Erik
Position: Member of the Board/Deputy member
Issuer: SATO Oyj
Notification type: INITIAL NOTIFICATION
Reference number: 7437009ELUGUOA45V564_20201202093433_13
Transaction date: 2020-12-01
Venue not applicable
Instrument type: SHARE
Nature of the transaction: ACQUISITION
(1): Volume: 619,300 Unit price: 41.00 EUR
(1): Volume: 619,300 Volume weighted average price: 41.00 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 2019, SATO owned over 26 000 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 stock through investments, divestments and repairs.
SATO Group's net sales in 2019 were EUR 296 million, operating profit EUR 726 million and profit before taxes EUR 671 million. The value of SATO's investment assets is roughly EUR 4,7 billion.