Betolar Plc
Company announcement
23 May 2024 at 9:15 PM EEST
Betolar Plc: Notification of Change in Holdings according to Chapter 9, Section 10 of the Finnish Securities Markets Act (Ahlström Invest B.V.)
Betolar Plc has received a notification on May 23, 2024, according to Chapter 9, Section 5 of the Securities Markets Act, stating that Ahlström Invest B.V.'s ownership of shares exceeds 5% of all shares and votes in Betolar Plc. Ahlström Invest B.V.'s ownership exceeded the notification threshold before April 19, 2024.
The notification of exceeding the ownership threshold is retroactive because on April 12, 2024, the Parliament approved a government proposal to amend the Securities Markets Act (HE 3/2024 vp), which extends the reporting requirements for significant ownership and voting rights, as well as the application of provisions related to public tender offers and obligation to make a tender offer, to include multilateral trading facilities alongside regulated markets.
Ownership percentages according to the notification:
+----------------+------+-----------+--------+----------------------+
|                |% of  |% of shares|Total of|Total number of shares|
|                |shares|and voting |both in |and voting rights of  |
|                |and   |rights     |%       |issuer                |
|                |voting|through    |        |                      |
|                |rights|financial  |        |                      |
|                |      |instruments|        |                      |
+----------------+------+-----------+--------+----------------------+
|Resulting       |6,4   |           |6,4     |19 606 882            |
|situation on the|      |           |        |                      |
|date on         |      |           |        |                      |
|which threshold |      |           |        |                      |
|was crossed or  |      |           |        |                      |
|reached         |      |           |        |                      |
+----------------+------+-----------+--------+----------------------+
+------------+---------+------------------------+---------+-------------------+
|Class/type  |Number of shares and voting rights|% of shares and voting rights|
|of shares   |                                  |                             |
|(ISIN code) |                                  |                             |
+------------+---------+------------------------+---------+-------------------+
|            |Direct   |Indirect                |Direct   |Indirect           |
|            |(SMA 9:5)|(SMA 9:6 and 9:7)       |(SMA 9:5)|(SMA 9:6 and 9:7)  |
+------------+---------+------------------------+---------+-------------------+
|FI4000512587|1,258,335|                        |6,4      |                   |
+------------+---------+------------------------+---------+-------------------+
More information
Tuija Kalpala, CEO, tuija.kalpala@betolar.com,tel. +358505676608
Certified Adviser:
Aktia Alexander Corporate Finance Oy, +358 50 520 4098
About Betolar
Betolar Plc is a pioneering Finnish materials technology company driving the green transition in mining and construction. Betolar's mission is to help reduce CO₂ emissions and the use of virgin natural resources.
Betolar develops low-carbon and waste-free solutions for the mining and metals industries, and its Geoprime® solution produces the world's lowest-emission hollow-core slabs. Betolar's AI-poweredData Platformturns industrial side streams into value,accelerates solution development and builds global markets for side streams.
Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market. For more information, visit www.betolar.com.