Musti Group Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
Stock Exchange Release 17 February 2020, at 5:15 p.m.
Musti Group Plc (the “Company”) has today received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from EQT Mid Market GP B.V. (“EQT”), according to which EQT’s indirect holding of the shares and votes of the Company decreased to 24.10 percent and EQT’s holding through financial instruments increased above the threshold of 5 percent on 17 February 2020. The change was due to a share lending agreement signed by Millan Holding S.à.r.l, a company ultimately owned by EQT and its co-investors, and Nordea Bank Abp (“Nordea”) in connection with the Initial Public Offering of the Company on 13 February 2020, according to which EQT has on 17 February 2020 lent 2,716,372 existing shares in the Company to Nordea. The share lending did not affect the aggregate total holdings of EQT, which amounts to 10,796,841 shares including the lent shares.
Total positions of EQT Mid Market Fund:
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A + B) | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 24.10 % | 8.10 % | 32.20 % | 10,796,841 |
| Position of previous notification (if applicable) | N/A | N/A | N/A | N/A |
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 | Number of shares and voting rights | % of shares and voting rights | ||
| ISIN code (if possible) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) |
| FI4000410758 | N/A | 8,080,469 | N/A | 24.10 % |
| SUBTOTAL A | 8,080,469 | 24.10 % |
B: Financial instruments according to the Finnish Securities Market Act 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 |
| Share lending with the initial public offering | 13 March 2020 | N/A | Physical | 2,716,372 | 8.10 % |
| SUBTOTAL B | 2,716,372 | 8.10 % |
Nordea has an obligation to return the lent shares by 19 March 2020, unless Nordea wholly or partially exercises its over-allotment option granted by EQT in connection with the initial public offering. EQT’s relevant indirect holding in the Company is 10,796,841 shares including the above-mentioned lent shares.
Additional information
Robert Berglund, CFO, Musti Group Plc, tel. +358 50 534 8657, robert.berglund@mustigroup.com
Musti in brief
Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.
Musti Group’s net sales were EUR 247 million in the financial year 2019. At the end of the financial year 2019, the company had 1,100 employees, over one million loyal customers and 277 stores.
