Bittium Corporation: Announcement pursuant to chapter 9, section 10 of the Finnish Securities Markets Act
Stock Exchange Release
Free for publication on September 29, 2021 at 4.15 p.m. (CEST+1)
Bittium Corporation: Announcement pursuant to chapter 9, section 10 of the Finnish Securities Markets Act
On September 29, 2021, Bittium Corporation has received a notification under Chapter 9, Section 5 of the Finnish Securities Market Act (FSMA), according to which Jbit Oy, a company 100% owned by Juha Hulkko has acquired 159,000 shares in Bittium Corporation. In connection with the completion of the share purchase, Juha Hulkko's aggregate amount of direct and indirect holdings in Bittium Corporation's shares and votes exceeded the five percent limit on 28.9.2021.
According to the notification, the aggregate holdings of Juha Hulkko in Bittium Corporation on September 28, 2021 amounted to a total of 1,783,450 shares, corresponding to 5.00 percent of the total number of shares and voting rights of Bittium Corporation. The share stock of Bittium Corporation consists of 35,702,264 shares, each entitling one vote.
Juha Hulkko's total share of Bittium Corporation's shares and votes according to the announcement:
| % of shares and voting rights (A) | % of shares and voting rights through financial instruments (B) | Total % of shares and voting rights (A+B) | Total number of shares and voting rights of issuer | |
| Proportion after reaching of exceeding the flagging threshold | 5.00 % | - | 5.00 % | 35,702,264 |
| Positions at previous notification | below 5.00 % | - | below 5.00 % | 35,573,367 |
Notified detail of resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Number of shares and voting rights | % of shares and voting rights | |||
| Share class / type | Direct | Indirect | Direct | Indirect |
| (FSMA 9:5) | (FSMA 9:6 and 9:7) | (FSMA 9:5) | (FSMA 9:6 and 9:7) | |
| FI0009007264 | 1,419,370 | Jbit Oy + Jtel Oy | 3.98% | 1.02% |
| 364,080 | ||||
| Subtotal A | 1,783,450 | 5.00% | ||
Notification information on the person required to flag:
| Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity: | ||||
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of shares, voting rights, and financial instruments | |
| Juha Hulkko | 3.98% | - | 1,419,370 | |
| Jtel Oy | 0.57% | - | 205,080 | |
| Jbit Oy | 0.45% | - | 159,000 | |
The total number of shares in Bittium Corporation is 35,702,264. The shares of Bittium Corporation are listed on the NASDAQ Helsinki Ltd. The Corporation has one series of shares. Each share has one vote.
Oulu, September 29, 2021
Hannu Huttunen
CEO
Further information:
Kari Jokela
Chief Legal Officer
Tel. +358 40 344 5258
Distribution
Nasdaq Helsinki Oy
Main media
Bittium
Bittium specializes in the development of reliable, secure communications and connectivity solutions leveraging its over 35-year legacy of expertise in advanced radio communication technologies. Bittium provides innovative products and services, customized solutions based on its product platforms and R&D services. Complementing its communications and connectivity solutions, Bittium offers proven information security solutions for mobile devices and portable computers. Bittium also provides healthcare technology products and services for biosignal measuring in the areas of cardiology, neurology, rehabilitation, occupational health and sports medicine. Net sales in 2020 were EUR 78.4 million and operating profit was EUR 2.1 million. Bittium is listed on Nasdaq Helsinki. www.bittium.com