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Feb 20, 2017
Qt Group Plc has received additional support from its major shareholder Aktia relating to the planned rights issue
Qt Group Plc made public on February 16, 2017 the company’s updated strategy and long-term goals as well as the plan to seek additional funding via a possible rights issue. In the same connection, Qt announced that the company’s largest shareholders Ingman Development Oy (21.38% of the company’s all shares and votes on 31 January 2017), Ilmarinen Mutual Pension Insurance Company (14.62%), Jyrki Hallikainen (7.38%) and Kari Karvinen (4.80%) have preliminarily announced their intention to participate in the possible rights issue in proportion to their respective share of ownership and to vote in the Annual General Meeting to be held on March 14, 2017 in favor of the proposed authorization for the board of directors to resolve on a share issue in accordance with the shareholders' pre-emptive right.
In addition to the preliminary commitments received by the company earlier, Aktia Fund Management Company Ltd has also informed Qt on behalf of the mutual funds Sijoitusrahasto Aktia Capital (2.63%), Sijoitusrahasto Aktia Nordic Small Cap (1.59%) and Sijoitusrahasto Aktia Nordic Micro Cap (0.77%) of their preliminary intention to participate in the possible rights issue in proportion to their respective share of ownership and to also vote in favor of the proposed authorization for board to resolve on a share issue in accordance with the shareholders' pre-emptive right.
The aforementioned mutual funds administered by Aktia Fund Management Company hold in aggregate 4.99% share of Qt’s all shares and votes, which makes Aktia the fourth largest owner party of the company. In total, the five largest shareholder parties mentioned above, who have announced their support for the possible rights issue, represent 53.17% of the company’s all shares and votes.
Contact:
CFO Mika Harjuaho
+358 9 8861 8040
Qt Group Plc
Qt Group Plc is responsible for Qt development, productization and licensing under commercial and open source licenses. The Qt offering includes a development environment that enables the reuse of software code across numerous different operating systems, platforms and screen types, ranging from desktops and embedded systems to wearables and mobile devices. Qt is used by approximately 1 million developers worldwide and is the leading independent technology behind millions of devices and applications. Qt is the platform of choice for in-vehicle systems, industrial automation devices and other business critical applications manufacturers, and is used by leading global players in 70+ industries. The Qt Company operates in China, Finland, Germany, Japan, Korea, Norway, Russia and USA with about 200 employees worldwide. The Qt Group is headquartered in Espoo, Finland and is listed on Nasdaq Helsinki Stock Exchange. The company’s net sales in year 2016 was 32 MEUR. To learn more visit http://qt.io
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