Sitowise Group Plc: Announcement of a change in shareholding according to Chapter 9, Section 10 of the Finnish Securities Market Act

Stock Exchange Release 26 March 2021, at 8:15 a.m. (EET)

Sitowise Group Plc (the "Company") has today received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from Intera Partners Oy ("Intera"), according to which Intera's indirect holding of the shares and votes of the Company decreased to 13.1 percent and Intera's holding through financial instruments increased above the threshold of 5 percent on 25 March 2021. The change was due to a share lending agreement signed by Intera Fund III Ky, a partnership ultimately controlled by Intera, and Danske Bank A/S, Finland Branch ("Danske") in connection with the Initial Public Offering of the Company on 25 March 2021, according to which Intera has lent 2,558,750 existing shares in the Company to Danske. Danske has an obligation to return the lent shares by 27 April 2021, unless Danske wholly or partially exercises its over-allotment option granted by Intera in connection with the initial public offering. The share lending did not affect the aggregate total holdings of Intera, which amounts to 7,092,130 shares including the lent shares.

The share capital of the Company consists in aggregate of 34,493,874 shares, each share entitling to one (1) vote. The amount of the shares of the Company does not include new shares issued in the personnel offering, which will be registered in the Trade Register on or about 14 April 2021.

Total positions of Intera 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 13.14%  7.42% 20.56% 34,493,874
Position of previous notification (if applicable) N/A 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 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)
FI4000480215 N/A 4,533,380 N/A 13.14%
SUBTOTAL A 4,533,380 13.14%

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
Share lending with the initial public offering 24 April 2021 N/A Physical 2,558,750 7.42%
      SUBTOTAL B 2,558,750 7.42%

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 or legal entity):

 Name % of shares and voting rights % of shares and voting rights through financial instruments Total of both
Intera Partners Oy 0%  0% 0%
Intera Equity Partners III Oy 0%  0% 0%
Intera Fund III Ky 13.14% 7.42% 20.56%

Further enquiries

Minttu Vilander, Chief Communications and Corporate Responsibility Officer, Sitowise Group Plc, tel. +358 40 575 6660

Information about Sitowise

Sitowise is a Nordic expert in the built environment that offers sustainable design and consulting services. Sitowise operates in various size projects to enable more responsible and smarter urban development as well as smooth transportation. Sitowise offers its services in the following areas: Buildings, Infrastructure and Digital Solutions. Sitowise’s operations are primarily in Finland and Sweden, and it also has competence centers in Estonia and Latvia mainly serving Sitowise’s projects in Finland and Sweden. The Company’s net sales was approximately EUR 160 million in 2020 and the company employs over 1,900 experts.