Spinnova Plc’s ten largest registered shareholders after the completion of the Initial Public Offering and changes in significant holdings
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, NEW ZEALAND, AUSTRALIA, JAPAN, HONG KONG, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
The following table presents Spinnova Plc’s (“Spinnova” or the “Company”) ten largest registered shareholders by number of shares after the completion of the initial public offering based on the shareholders’ register maintained by Euroclear Finland Ltd as at 28 June 2021.
|Number of shares||Percentage of all shares and votes(1|
|Besodos Investors Oy||4,048,680||7.90|
|Maki.vc Fund I Ky||3,540,300||6.90|
|Beata Domus Ab||3,430,560||6.69|
|Holdix Oy Ab||2,187,510||4.27|
|Ilmarinen Mutual Pension Insurance Company||1,454,060||2.84|
|Turret Oy Ab||928,740||1.81|
|Ten largest registered shareholders, in total||24,565,310||47.94|
1) Percentages are rounded numbers.
2) Out of other shareholders, 18,108,047 shares, representing 35.34 per cent of all shares and votes in the Company, are held by nominee registered shareholders.
The Company had approximately 20,000 shareholders after the initial public offering, based on the shareholders’ register maintained by Euroclear Finland Ltd as at 28 June 2021. Spinnova’s key long-term partners Suzano and Lenzing continue as significant shareholders and, in addition to numerous private and institutional investors, the Company’s strategic partners adidas and ECCO joined Spinnova as shareholders. Pursuant to its cornerstone investment undertaking in the initial public offering, adidas B.V has a holding of 0.77 per cent. and pursuant its approved subscription commitment, ECCO Holding A/S has a holding of 0.77 per cent in Spinnova immediately after the initial public offering. Suzano S.A. continues as the Company’s largest shareholder with a holding of 19.14 per cent and Lenzing AG with a holding of 4.68 per cent. The shareholdings of Suzano S.A. and Lenzing AG are nominee-registered and are thus not included in the table of ten largest registered shareholders presented.
Notifications of major shareholdings
The Company’s Articles of Association contain an obligation for its shareholders to notify the Company if such shareholder’s share of voting rights in the Company reach, exceed or decrease below 5%, 10%, 15%, 20%, 25%, 30%, 50%, 2/3 and 90% of the total voting rights of the Company. The following table sets forth the shareholders of the Company which hold more than 5% of the shares and votes or whose holding decreased below an abovementioned threshold compared with the situation immediately prior to the initial public offering, based on the shareholders’ register maintained by Euroclear Finland Ltd as at 28 June 2021 (unless otherwise indicated):
|Number of shares||Percentage of all shares and votes(1||Percentage of all shares and votes1 before the IPO(1|
|Besodos Investors Oy||4,048,680||7.90||11.21|
|Maki.vc Fund I Ky||3,540,300||6.90||9.80|
|Beata Domus Ab||3,430,560||6.69||9.49|
|Holdix Oy Ab||2,187,510||4.27||6.05|
1) Percentages are rounded numbers.
2) Shareholding pursuant to the Company’s information.
Information on notifications of major shareholdings can be found on the Company’s website in English and Finnish at www.spinnova.com.
For further information
Janne Poranen, CEO
+358 400 138711
Alexander Corporate Finance Oy
+358 50 520 4098
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States, Canada, New Zealand, Australia, Japan, Hong Kong, Singapore or South Africa. The information contained herein does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States. Spinnova Plc (the “Company”) does not intend to register any portion of the offering in the United States under the U.S. Securities Act of 1933, as amended (the “Securities Act”) or to offer securities to the public in the United States.
The issue, exercise and/or sale of securities are subject to specific legal or regulatory restrictions in certain jurisdictions. The Company or Carnegie Investment Bank AB, Finland Branch assume no responsibility in the event there is a violation by any person of such restrictions.
The information contained herein shall not constitute an offer to sell or a solicitation of an offer to purchase or subscribe, nor shall there be any sale of the securities referred to herein in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the applicable prospectus published or offering circular distributed by the Company.
The Company has not authorized any offer to the public of securities in the United Kingdom or in any Member State of the European Economic Area other than Finland. With respect to the United Kingdom and each Member State of the European Economic Area other than Finland and which applies the Prospectus Regulation (each, a “Relevant Member State”), no action has been undertaken or will be undertaken to make an offer to the public of securities requiring publication of a prospectus in any Relevant Member State. As a result, the securities may only be offered in Relevant Member States (a) to any legal entity, which fulfils the requirements of a qualified investor as defined in the Prospectus Regulation; or (b) in any other circumstances falling within Article 1(4) of the Prospectus Regulation. For the purposes of this paragraph, the expression an “offer of securities to the public” means a communication to persons in any form and by any means, presenting sufficient information on the terms of the offer and the securities to be offered, so as to enable an investor to decide to purchase or subscribe for those securities. The expression “Prospectus Regulation” means Regulation (EU) 2017/1129 of the European Parliament and of the Council, as amended.
This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.
Full terms, conditions and instructions for the contemplated initial public offering are included in the prospectus that has been prepared by Spinnova Plc in connection with the contemplated initial public offering. The Finnish language prospectus is available on the Company’s website at www.spinnovagroup.com/fi/listautuminen and the English language offering circular is available on the Company’s website at www.spinnovagroup.com/ipo.
Any offering to subscribe for the securities referred to in this communication will be made by means of a prospectus that will be provided by Spinnova Plc pursuant to an approval by the Finnish Financial Supervisory Authority and containing detailed information about the Company and management, as well as financial information. This communication is an advertisement and not a prospectus for the purpose of the Prospectus Regulation. Investors should not acquire any securities referred to in this communication except on the basis of information contained in a prospectus. Any approval and registration by the Finnish Financial Supervisory Authority of the prospectus shall not be considered as an endorsement of the securities that are the subject of the prospectus.
Certain statements in this communication are “forward-looking statements”. Forward-looking statements include statements concerning plans, assumptions, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans or intentions relating to acquisitions, the Company’s competitive strengths and weaknesses, plans or goals relating to financial position, future operations and development, its business strategy and the anticipated trends in the industry and the political and legal environment in which it operates and other information that is not historical information, investments, the contemplated initial public offering and listing, future cash flow generation, operating profit margin, financial position and liquidity. In some instances, they can be identified by the use of forward-looking terminology, including the terms “believes”, “intends”, “may”, “will” or “should” or, in each case, their negative or variations on comparable terminology.
Forward-looking statements in this release are based on assumptions, many of which in turn are based on assumptions. By their very nature, forward-looking statements involve inherent risks, uncertainties and assumptions, both general and specific, and the risk exists that the predictions, forecasts, projections, plans and other forward-looking statements will not be achieved. Given these risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements. Any forward-looking statements contained herein speak only as at the date of this release. Save as required by law, the Company and the managers do not intend and do not assume any obligation, to update or correct any forward-looking statement contained herein.