Canatu Plc – Notification under Chapter 9, Section 10 of the Finnish Securities Markets Act
Canatu Plc Company Release 17 September 2024 at 6:00 pm EEST
Canatu Plc – Notification under Chapter 9, Section 10 of the Finnish Securities Markets Act
Canatu Plc has on 17 September 2024 received a notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which WIP Asset Management Oy’s direct and indirect holding of voting rights has decreased below the threshold of five (5) percent of the aggregate number of all voting rights in Canatu Plc. According to the notification, the holding of voting rights decreased below the threshold on 17 September 2024.
According to the notification, the aggregate direct and indirect holding of WIP Asset Management Oy has decreased to 0 Canatu Plc’s voting rights, corresponding to 0 percent of all voting rights in Canatu Plc.
Total position of WIP Asset Management Oy 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 | 0% of shares, 0% of voting rights | 0% of shares, 0% of voting rights | 0% of shares, 0% of voting rights | 34,386,816* |
| Position of previous notification (if applicable) | 0% of shares, 12.21% of voting rights | 0% of shares, 0% of voting rights | 0% of shares, 12.21% of voting rights |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights:
Class/type of shares ISIN code (if possible) | Number of shares and voting rights | % of shares and voting rights | ||
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| SUBTOTAL A | 0 | 0 | ||
B: Financial instruments according to SMA 9:6a:
| Type of financial instrument | Expiration date | Exercise/ Conversion Period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| N/A | N/A | N/A | N/A | N/A | N/A |
| SUBTOTAL B | N/A | N/A | |||
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
Additional information provided by WIP Asset Management Oy in the notification:
WIP Asset Management Oy has had the right to use 12.21% of the voting rights in the target company based on the open-ended proxies given to WIP Asset Management Oy by its investment clients, which proxies entitled WIP Asset Management Oy to represent the shareholders at the target company's general meetings at its own discretion and without instructions from the shareholders. The proxies have been returned on 17 September 2024 and therefore WIP Asset Management Oy does not hold any voting rights in the target company.
* Canatu Plc has amended the disclosure made in the notification by correcting the marked section.
Additional information
Juha Kokkonen
CEO
juha.kokkonen@canatu.com
tel. +358 40 543 0367
Certified adviser
Carnegie Investment Bank AB (publ)
tel. +46 (0)73 856 42 65
About Canatu
Canatu (CANATU, Nasdaq First North, Finland) is a fast-growing deep technology company creating advanced carbon nanotubes (Canatu CNTs), related products, and manufacturing equipment for the semiconductor, automotive, and medical diagnostics industries. Canatu partners with forerunner companies, together transforming products for better tomorrows with nano carbon.
Canatu’s versatile platform technology has broad potential applications. Its current core includes CNT membranes for extreme ultraviolet (EUV) processes in the semiconductor industry, enabling the manufacturing of the most advanced chips, as well as film heaters for advanced driver-assistance systems (ADAS) in the automotive industry. Additionally, electrochemical sensors for medical diagnostics are in the development phase. Canatu’s patented CNT reactors and Dry DepositionTM method yield clean and pristine CNTs. The company operates through two business models: selling CNT products directly, as well as selling CNT reactors and licensing the related technology so that customers can produce CNT products under a limited license.
Headquartered in Finland, Canatu also operates in the US, Japan, and Taiwan. Founded in 2004 as a spin-off from Aalto University’s Nanomaterials Group, Canatu currently has around 130 employees representing over 30 nationalities, with 20 percent holding or pursuing doctorates. Discover more at www.canatu.com and follow us on LinkedIn.