Releases
Kempower Corporation: Notification on the change of holdings in accordance with the articles of association
Kempower Corporation, Company announcement, 9 November 2023 at 9.30 a.m. EET
Notification on the change of holdings in accordance with the articles of association
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, SOUTH AFRICA, SINGAPORE, NEW ZEALAND OR JAPAN OR IN ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR WOULD REQUIRE REGISTRATION OR ANY OTHER MEASURES.
Kempower Corporation (the “Company”) has received a notification pursuant to section 12 of the Company’s articles of association from Kemppi Group Oy. According to the notification, the holding of Kemppi Group Oy in the Company’s shares and votes decreased below the 2/3 threshold on 9 November 2023.
|
|
% 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 |
61.93% |
– |
61.93% |
55,542,920 |
|
Position of previous notification |
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 |
Number of shares and voting rights |
% of shares and voting rights |
||
|
ISIN code |
Direct |
Indirect |
Direct |
Indirect |
|
FI4000513593 |
34,400,000 |
– |
61.93% |
– |
|
SUBTOTAL A |
34,400,000 |
61.93% |
||
Additional information
Kemppi Group Oy has commented on the transaction in the press release published on 9 November 2023 as follows:
“Kemppi Group is and will remain the largest shareholder of Kempower Oyj even after the transaction, with approximately 61.93% of the shares and votes. Kemppi Group stays committed to the long-term development of Kempower and believes that a broader shareholder base and improved liquidity will increase interest towards the share and support Kempower’s value creation. The Kemppi family has owned Kemppi Oy for almost 75 years and we will continue to be the major owner of Kempower. We feel that Kempower’s journey has just started, and, hence, we want to be strongly involved as the major owner of Kempower going forward together with other shareholders, Kempower employees, customers, and partners,” states Antti Kemppi, Chair of the Board, Kemppi Group.
To highlight its commitment to Kempower, Kemppi Group has committed to a lock-up period which will end 360 days after the announced transaction.
Kemppi Group’s press release is available at: https://kemppigroup.com/news-media/
Kempower, investor relations:
Jukka Kainulainen, CFO, Kempower
jukka.kainulainen@kempower.com
Tel. +358 29 0021900
Media enquiries:
Paula Savonen, Vice President, Communications, Kempower
paula.savonen@kempower.com
Tel. +358 400 343 851
Certified Adviser:
Aktia Alexander Corporate Finance Oy
Tel. +358 50 520 4098
About Kempower:
We design and manufacture reliable and user-friendly DC fast charging solutions for electric vehicles. Our vision is to create the world’s most desired EV charging solutions for everyone, everywhere. Our product development and production are based in Finland, with a majority of our materials and components sourced locally. We focus on all areas of e-mobility, from electric cars, trucks, and buses to machines and marine. Our modular and scalable charging system and world-class software are designed by EV drivers for EV drivers, enabling the best user experience for our customers around the world. Kempower is listed in the Nasdaq First North Growth Market Finland. www.kempower.com
Important notice:
The information contained herein shall not constitute an offer to sell or the solicitation of any offer to buy or subscribe for, nor shall there be any sale of the securities referred to herein in any jurisdiction.
The information contained herein may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, within or into the United States, Australia, Canada, Hong Kong, South Africa, Singapore, New Zealand or Japan or in any other jurisdiction in which such announcement, publication or distribution would not comply with applicable laws and regulations or where such actions are subject to legal restrictions or would require additional registration or other measures than what is required under Finnish law. This press release does not constitute an offer of securities for sale in the United States, nor may the securities be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements under the U.S. Securities Act of 1933, as amended, and the rules and regulations thereunder. There is no intention to register any securities in the United States or to conduct a public offering of any securities in the United States.