Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities
Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act
Musti Group plc Stock Exchange Release 24 November 2023 at 9.00am
Musti Group plc (the “Company”) has on 23 November 2023 received a notification in accordance with the Chapter 9, Section 5 of the Finnish Securities Markets Act from Grandeur Peak Global Advisors, LLC (”Grandeur Peak”), according to which Grandeur Peak’s holding of the shares and votes of the Company decreased below the threshold of 5 percent on 22 November 2023.
Grandeur Peak holds a total of 1,663,514 shares corresponding to an ownership of 4.96 percent of the Company’s shares and votes.
Total positions of Grandeur Peak according to the 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 | 4.96 | N/A | 4.96 | 33,535,453 |
| Position of previous notification (if applicable) | 5.06 | N/A | 5.06 | 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 | 1,663,514 | N/A | 4.96 | N/A |
| SUBTOTAL A | 1,663,514 N/A | 4.96 N/A | ||
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 |
| N/A | |||||
| SUBTOTAL B |
Additional information
Martin Svedholm
Director, Treasury and Investor Relations
tel. +358 50 579 0324, martin.svedholm@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 426 million in the financial year 2023. At the end of the financial year 2023, the company had 1,643 employees, 1.5 million loyal customers and 342 stores.