Teleste Corporation: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act

Teleste Corporation
Stock exchange release
October 3, 2023, at 13:00 EEST


Teleste Corporation has received a notification from Sampo plc on 1 October, 2023, in accordance with the Finnish Securities Markets Act Chapter 9, Section 5. According to the notification, the legal person exercising ultimate control over the shares subject to the flagging obligation held by Mandatum Life Insurance Company Limited has changed from Sampo plc to Mandatum plc in connection with the partial demerger of Sampo plc on 1 October 2023.

According to the notification, Sampo plc owned a total of 0 shares in Teleste Corporation on 1 October 2023.

Total position of person subject to the notification obligation:

% shares and
voting rights
% of shares and voting rights
through financial
Total of both in % Total number of shares and voting rights of issuer
Resulting situation of the date on which the threshold was crossed or reached 0 0 0 18 985 588
Positions of previous notification (if applicable) 5,85 % 0 5,85 %

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights
Class/type of shares
ISIN code
Number of shares and voting rights % of shares and voting rights
Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7) Direct (SMA 9:5) Indirect (SMA 9:6 and 9:7)
FI0009007728 0 0 0 0
Subtotal 0 0

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.


Esa Harju

Additional information:
Esa Harju
CEO, Teleste Corporation

Tel. +358 2 2605 611

About Teleste 
Teleste offers an integrated product and service portfolio that makes it possible to build and run a better networked society. Our solutions bring television and broadband services to you, secure your safety in public places and guide your use of public transport. With solid industry experience and drive for innovations, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. In 2022, Teleste's net sales reached EUR 165 million and it had approximately 860 employees. Teleste is listed on Nasdaq Helsinki. For more information, visit