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

Musti Group Plc Stock Exchange Release 18 February 2020, at 8:20 p.m.  

Musti Group Plc has today received a notification in accordance with the Chapter 9, Section 10 of the Finnish Securities Market Act from SMALLCAP World Fund, Inc., according to which SMALLCAP World Fund, Inc.'s holding of the shares and votes of the Company increased above the threshold of 5 percent on 13 February 2020.

Total positions of SMALLCAP World Fund, Inc. 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 5.23 % N/A 5.23 % 33,535,453
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)
FI4000410758 1,752,436 N/A 5.23 % N/A
SUBTOTAL A 1,752,436 5.23 %

B: Financial instruments according to the Finnish Securities Market Act 9:6a

Type of financial instrument Expiration date Exercise/ Conversion period Physical or cash settlement Number of shares and voting rights % of shares and voting rights
N/A          
      SUBTOTAL B    

Additional information:

SMALLCAP World Fund, Inc. ("SCWF") is a mutual fund registered in the United States under the Investment Company Act of 1940. SCWF is the legal owner of shares in Musti Group Oyj.

SCWF has delegated proxy voting authority to its investment adviser, Capital Research and Management Company (“CRMC”), a 100% owned subsidiary of The Capital Group Companies, Inc. (“CGC”).

The notifier asks to note that the notification submitted on behalf of The Capital Group Companies, Inc. simultaneously included SCWF's holdings.

The Capital Group Companies, Inc. (”CGC”) is the parent company of Capital Research and Management Company (”CRMC”) and Capital Bank & Trust Company (”CB&T”). CRMC is a U.S.-based investment management company that serves as investment manager to the American Funds family of mutual funds, other pooled investment vehicles, as well as individual and institutional clients. CRMC and its investment manager affiliates manage equity assets for various investment companies through three divisions, Capital Research Global Investors, Capital International Investors and Capital World Investors. CRMC is the parent company of Capital Group International, Inc. (”CGII”), which in turn is the parent company of four investment management companies (”CGII management companies”): Capital International, Inc., Capital International Limited, Capital International Sàrl and Capital International K.K. CGII management companies and CB&T primarily serve as investment managers to institutional and high net worth clients. CB&T is a U.S.-based investment management company that is a registered investment adviser and an affiliated federally chartered bank.

Neither CGC nor any of its affiliates own shares of the Issuer for its own account. Rather, the shares reported on this Notification are owned by accounts under the discretionary investment management of one or more of the investment management companies described above.

Additional information for the release:

Robert Berglund, CFO, Musti Group Plc, tel. +358 50 534 8657, robert.berglund@mustigroup.com

Musti in brief:

Musti makes the life of pets and their owners easier, safer and more fun. We are the leading Nordic pet care company and we operate an omnichannel business model to cater for the needs of pets and their owners across Finland, Sweden and Norway. We offer a wide, curated assortment of pet products. We also provide pet care services such as grooming, training and veterinary services in selected locations.

Musti Group’s net sales were EUR 247 million in the financial year 2019. At the end of the financial year 2019, the company had 1,100 employees, over one million loyal customers and 277 stores.