Kreate Group Plc Stock exchange release 24 February 2021 at 15:00 p.m. EET
Kreate Group Plc: Notification pursuant to chapter 9, section 10 of the Securities Markets Act
Kreate Group Plc (“Kreate“) has today on 24 February 2021 received a notification in accordance with Chapter 9, Section 10 of the Finnish Securities Market Act from Intera Partners Oy (“Intera“), according to which Intera’s indirect holding through financial instruments fell below the threshold of 5 percent and the total position through indirect holdings of shares and votes and through financial instruments fell below the threshold of 15 percent today on 24 February 2021.
The change was due to a share lending agreement signed by Intera Fund II Ky (“Intera Fund“), a partnership ultimately controlled by Intera, and Danske Bank A/S, Finland branch (“Danske Bank“) in connection with the Initial Public Offering of Kreate on 19 February 2021, according to which Intera Fund has on 19 February 2021 lent 632,437 shares in Kreate to Danske Bank. Danske Bank has fully exercised the over-allotment option described in Kreate’s offering circular dated 5 February 2021. Danske Bank has purchased 632,437 shares in Kreate from Intera Fund in accordance with the over-allotment option. As a result, Intera’s indirect holding through financial instruments has decreased to zero, i.e. below the threshold of 5 percent, and the total position through indirect holdings of shares and votes and through financial instruments has fallen below the threshold of 15 percent.
Total positions of Intera in Kreate 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 |
12.47 % |
0 % |
12.47 % |
8,984,772 |
|
Position of previous notification (if applicable) |
12.54 % |
7.08 % |
19.62 % |
– |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights
|
|
Number of shares and voting rights |
Number of shares and voting rights |
% of shares and voting rights |
% of shares and voting rights |
|
Class / type of shares |
Direct |
Indirect |
Direct |
Indirect |
|
FI4000476866 |
– |
1,119,973 |
– |
12.47 % |
|
SUBTOTAL A |
1,119,973 |
|
12.47 % |
|
Contacts
- Antti Heinola, CFO, Kreate Group Oy, +358 40 352 1033, antti.heinola@kreate.fi
About Kreate Group Oyj
Kreate Group is one of the leading infrastructure construction companies in Finland. The company offers solutions for bridges, roads and railways, environmental and ground engineering, circular economy and geotechnical needs. As a specialist in demanding projects, Kreate focuses on comprehensive quality and cost-effectiveness. The group’s revenue was approximately EUR 220 million in 2019 and the company has over 400 employees.