Betolar Plc
Company announcement
16 May 2024 at 10:30 PM EEST
Betolar Plc has received a notification on May 16, 2024, according to Chapter 9, Section 5 of the Securities Markets Act, stating that Nidoco AB’s ownership of shares exceeds 10% of all shares and votes in Betolar Plc. Nidoco AB’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 shares and voting rights |
% of shares and voting rights through financial instruments |
Total of both in % |
Total number of shares and voting rights of issuer |
|
Resulting situation on the date on which threshold was crossed or reached |
13,26 |
|
13,26 |
2 600 000 |
|
Class/type of shares |
Number of shares and voting rights |
% of shares and voting rights |
||
|
|
Direct |
Indirect |
Direct |
Indirect |
|
FI4000512587 |
2 600 000 |
|
13,26 |
|
Information in relation to the person subject to the notification obligation:
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
|
Name |
%-of shares and voting rights |
%-of shares and voting rights through financial instruments |
Total of both |
|
Virala Oy Ab |
|
|
|
|
Atine Group Oy |
|
|
|
|
Belgrano Inversiones Oy |
|
|
|
|
Nidoco AB |
13,26 |
|
2 600 000 |
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 Finnish materials technology company that offers the production of sustainable and low-carbon concrete with the Geoprime solution. The solution converts industrial side streams into a cement substitute. Betolar's artificial intelligence innovation can significantly reduce CO2 emissions compared to traditional cement-based concrete production by optimizing existing manufacturing processes, supporting solution development with advanced analytics, and creating global markets for side streams. Betolar's mission is to help reduce CO2 emissions and the use of virgin resources.
Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market.
Read more: www.betolar.com