Kreate Group Plc Stock exchange release 19 February 2021 klo 16:05 EET
Kreate Group Plc: Notification pursuant to chapter 9, section 10 of the Securities Markets Act
Kreate Group Plc (“Kreate“) has today 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 of the shares in and votes of Kreate decreased to 12.54 percent and Intera’s indirect holding through financial instruments increased above the threshold of 5 percent on 19 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 existing shares in Kreate to Danske Bank. The share lending did not affect the aggregate total holdings of Intera, which amount to 1,752,410 shares including the lent shares.
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 |
12.54 % |
7.08 % |
19.62 % |
8,929,899 |
|
Position of previous notification (if applicable) |
– |
– |
– |
– |
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 |
– |
12.54 % |
|
SUBTOTAL A |
1,119,973 |
|
12.54 % |
|
B: Financial instruments according to the Finnish Securities Market Act 9:6 a
|
Type of financial instrument |
Expiration date |
Exercise/ Conversion period |
Physical or cash settlement |
Number of shares and voting rights |
% of shares and voting rights |
|
Share lending in connection with the initial public offering |
20 March 2021 |
– |
Physical |
632,437 |
7.08 % |
|
|
|
|
SUBTOTAL B |
632,437 |
7.08 % |
Further enquiries
Timo Vikström, CEO, Kreate Group Plc, tel. +358 400 740057
Antti Heinola, CFO, Kreate Group Plc, tel. +358 40 352 1033
Information about Kreate
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.