Here were July’s most significant insider deals on the Helsinki stock exchange – Tecnotree saw a share sale just before the earnings announcement


Tecnotreen professor at the Future Research Center of the University of Turku, sitting on the board Mark Wilenius sold Tecnotree shares for 195,000 euros on July 25.

The deal attracted attention, as it was timed only about a week before Tecnotree’s second quarter results announcement. Tecnotree’s earnings report was published on August 4. The result was disappointing for investors, and the company’s share price fell 10.7 percent on the day of the results.

According to the Financial Supervisory Authority, which oversees management transactions, the 30-day closed window before the publication of the interim report or financial statements applies to persons working in management positions in listed companies. Wilenius says that he forgot the time of the results announcement.

“It was oblivion and childhood. For once, I forgot that we were so close to announcing the results. Of course, I wouldn’t have done anything like that if I had noticed it falling on a quiet time. It was my own stupidity and nothing else,” Wilenius says.

According to Wilenius, the reason for the unluckily timed sale was the balancing of one’s own portfolio.

“I had the opportunity to invest elsewhere and I decided on the matter quickly. I only realized the mistake afterwards. I have reported the matter to the Financial Supervisory Authority and flagged it. In any case, what a bummer.”

Relative to Wilenius’ Tecnotree ownership, the deal was quite small. Wilenius sold 250,000 Tecnotree shares, and after the sale, according to the Tecnotree shareholder list, he still has a pot of 3,755,239 shares.

Metsä­yhtiö­ UPM-Kymmene outgoing chairman of the board Björn Wahlroos acquired a total of 600,000 company shares in July at an average price of EUR 29.33 per share. In total, Wahlroos refueled UPM with around 17.6 million euros. The transaction was made by Wahlroos’ investment company registered in Norway in Columba through.

According to the Holdings service, which collects ownership information, Wahroos and his investment companies had 655,189 UPM shares at the end of June, so Wahlroos nearly doubled his holdings in the company.

Wahlroos has previously announced that he will leave both Sammon that the presidencies of UPM-Kymmene’s boards next spring. Since the beginning of the year, Sampoa Wahlroos has sold a total of 52.9 million euros, mainly from its investment companies Becassen and Tadornan to names. There is only one purchase, when Wahlroos bought Sammo’s shares through Becasse for 4.5 million euros in January.


Source: Arvopaperi by www.arvopaperi.fi.

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