A listed company’s shareholder has a duty to notify the listed company and the Finnish Financial Supervisory Authority (FIN-FSA) of major changes in its holdings and voting rights (flagging duty).
Pursuant to the Finnish Securities Markets Act a flagging notification must be made when a shareholder’s holdings or voting rights in a listed company reaches, exceeds, or falls below a flagging threshold. Flagging thresholds are 5%, 10%, 15%, 20%, 25%, 30%, 50%, 2/3 and 90% of the number of voting rights or shares in the listed company. After having received a flagging notification, the company must publish its contents.
Remedy’s shareholders must submit their flagging notifications by e-mail to firstname.lastname@example.org. Remedy has received and published the following flagging notifications:
|Release date||Transaction date||Shareholder||Threshold||Holdings in the latest flagging notification|
|August 31, 2022||August 30, 2022||Accendo Capital SICAV RAIF||Above 15%||15.23%|
|November 28, 2022||November 25, 2022||Tencent Holdings Limited||Above 5%||5.01%|
The information on this site is not exhaustive. Please familiarize yourself with the FIN-FSA’s notification of major holdings website for further information.