SATO Corporation, Managers’ transactions, 17th September 2021 at 12:50 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: Selin, Erik
Position: Member of the Board
Issuer: SATO Oyj
Notification type: INITIAL NOTIFICATION
Reference number: 7437009ELUGUOA45V564_20210917090906_16
Transaction date: 2021-09-16
Venue not applicable
Instrument type: SHARE
Nature of the transaction: ACQUISITION
(1): Volume: 7,500 Unit price: 42.00 EUR
(1): Volume: 7,500 Volume weighted average price: 42.00 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 2020, SATO owned close to 26,800 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 stock through investments, divestments and repairs.
SATO Group's net sales in 2020 were EUR 303.4 million, operating profit EUR 179.6 million and profit before taxes EUR 129.5 million. The value of SATO's investment properties is roughly EUR 4.8 billion.