Notification in accordance with chapter 9, section 10 of the Securities Market Act on a change in holdings - Turret Oy Ab

Merus Power Plc, Company release, 10 June 2024 at 16:00 p.m.

Merus Power has on 10 June 2024 received a notification in accordance with the Securities Market Act, according to which the holdings of shares and votes of Turret Oy Ab. in Merus Power Plc have before 19 April 2024 crossed the threshold of 5%. The reason for the flagging notification is the amendment to the Securities Market Act, which expanded the flagging obligation to companies listed on the Nasdaq First North Growth Market Finland.

Total position of Turret Oy Ab according to the notification:

	% 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 the issuer
Resulting situation on the date on which threshold was crossed or reached	5.07%		5.07%	387 500
Position of previous notification (if applicable)

Notified details of the resulting situation on the date on which the threshold was crossed:

	Number of shares and voting rights		% of shares and voting rights
Class/type of shares ISIN code	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI4000506902	387 500		5.07%
SUBTOTAL	387 500		5.07%

 

After 19 April 2024, Turret Oy Ab holds 5.07% of the shares and votes.
 

In this release, we have supplemented Turret Oy Ab's flagging notification by replacing the value of the Number of shares and voting rights from a percentage to a number of shares and added subtotal values to the table. In addition, we have supplemented the value of the percentages to reflect the value of the company's shares on 19 April 2024. Since then, the company's stock option plan has increased the total number of shares in the company.
 

Additional information:
Kari Tuomala, CEO, [e-mail], [phone]
Aktia Alexander Corporate Finance Oy, Certified Advisor, [phone]

 

Distribution:
Nasdaq Helsinki Oy
Key media
www.sijoittajat.meruspower.fi/en

 

Merus Power in brief:
Merus Power is a technology company that enables a sustainable and energy-efficient future. We design and manufacture innovative electrical engineering solutions, such as energy storages, power quality solutions and services for renewable energy and industrial needs. With our scalable technology, we enable the growth of renewable energy in electric grids and improve the energy efficiency of society. We are a domestic innovative electrical engineering specialist and operate in global and fast-growing markets. Our personnel represent internationally respected engineering expertise. Our turnover in 2023 was EUR 29.0 million and our stock trading symbol on the Nasdaq First North Growth Market Finland is MERUS. www.meruspower.com.

 

The original of this document has been made in Finnish. In case of any discrepancy, the Finnish version will prevail.

 

 

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