Musti Group Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
Stock Exchange Release 13 August 2020, at 9:15 a.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 Millan Holding S.à.r.l., a company ultimately owned by EQT and its co-investors, has sold a total number of 6,201,607 Company’s shares in an accelerated book-building process (the “Share Sale”). In connection with the Share Sale, EQT’s indirect holding of the shares and votes of the Company has decreased below 10 percent. As a result of the Share Sale, EQT’s indirect holding in the Company totals to 1,878,862 shares and votes (amounting to 5.60 percent of all the shares and votes in the Company).
In addition, the Company has received a press release regarding the Share Sale published by EQT on 13 August 2020. According to the press release, Vaaka Partners has sold its entire holding in the Company in connection with the Share Sale. The press release has been attached to this stock exchange release.
Total positions of EQT according to notification:
| % 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 | 5.60 % | N/A | 5.60 % | 33,535,453 |
| Position of previous notification (if applicable) | 24.10 % | N/A | 24.10 % | 33,535,453 |
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 | 1,878,862 | N/A | 5.60 % |
| SUBTOTAL A | 1,878,862 | 5.60 % | ||
Information in relation to the person subject to the notification obligation:
| Full chain of controlled undertakings through which the shares, voting rights or financial instruments are effectively held (starting with the ultimate controlling natural person orlegal entity): | |||
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| EQT Mid Market Limited Partnership | 0 | 0 | 0 |
| Millan Holding S.à.r.l. | 5.60 % | 0 | 5.60 % |
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.
