Announcement of a Change in Shareholding According to Chapter 9, Section 10 of the Finnish Securities Market Act
Major shareholders - 29.9.2023 at 13.45 UTC+2
Sitowise Group Plc Stock Exchange Release 29 September 2023 at 1.45 p.m. (EEST)
Sitowise Group Plc (the "Company") has on 28 September 2023 received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from Paradigm Capital Value Fund SICAV, according to which Paradigm Capital Value Fund SICAV's direct holding of the shares and votes of the Company increased to 10.00 percent on 28 September 2023.
According to the notification, Paradigm Capital Value Fund SICAV holds a total of 3,582,591 shares corresponding to 10.00 percent of the Company’s shares and votes.
The Company has one series of shares in which each share carries one vote. The total number of shares and votes is 35,665,927.
Total positions of Paradigm Capital Value Fund SICAV 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||10.00||0||10.00||35,665,927|
|Position of previous notification on 27 October 2022 (information added by the Company)||5.00||0||5.00|
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 9:6 and 9:7)
(SMA 9:6 and 9:7)
B: Financial instruments according to the Finnish Securities Market Act, Chapter 9, Section 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|
Information in relation to the person subject to the notification obligation:
Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.
Sitowise Group Plc
Hanna Masala, CFO, Sitowise Group Plc, tel. +358 40 558 1323
Sitowise is a Nordic expert in the built environment with strong focus on digitality. We provide design and consulting knowhow to enable more sustainable and smarter urban development as well as smooth transportation. Sitowise offers services related to real estate and buildings, infrastructure, and digital solutions both in Finland and in Sweden. Global megatrends drive huge changes that require a re-evaluation of the smartness in the built environment – therefore we have set our vision to be Redefining Smartness in Cities. The Group's net sales were EUR 204 million in 2022 and the company employs more than 2,200 experts. Sitowise Group Plc is listed on Nasdaq Helsinki under the trading symbol SITOWS.