Forsee Power Clarifies the Crossing of a Technical Threshold by Mitsui & Co, Ltd.
12 Februar 2024 - 5:55PM
Business Wire
Regulatory News:
Forsee Power (FR0014005SB3 - FORSEE - the "Company"),
expert in smart battery systems for sustainable electromobility,
provides clarification regarding the technical threshold crossing
by Mitsui & Co, Ltd.
On February 6, 2024, Mitsui & Co, Ltd declared that it had
crossed below the threshold of 25% of the company's voting rights
and held 19,064,883 FORSEE POWER shares representing 21,129,766
voting rights, i.e. 26.65% of the company's1 capital and 23.97% of
its voting rights. This downward threshold crossing is in no way
the result of a withdrawal from the capital of Mitsui & Co,
Ltd. It is a technical threshold crossing resulting from the loss
of double voting rights following the early conversion to bearer
form of part of their FORSEE POWER shares, with the aim of ensuring
that Mitsui & Co, Ltd does not exceed the threshold of 30% of
voting rights, which would trigger the filing of a mandatory public
tender offer. This conversion to bearer shares is in no way the
result of a strategic decision.
About Forsee Power Forsee Power is a French industrial
group specializing in smart battery systems for sustainable
electric transport (light vehicles, off-highway vehicles, buses,
trucks, and trains). A major player in Europe, Asia and North
America, the Group designs, assembles, and supplies energy
management systems based on cells that are among the most robust in
the market and provides installation, commissioning, and
maintenance on site and remotely. More than 3,000 buses and 135,000
LEV have been equipped with Forsee Power’s batteries. The Group
also offers financing solutions (battery leasing) and second-life
solutions for transport batteries. Forsee Power and its 850
employees are committed to sustainable development and the Group
has obtained the Gold medal from leading sustainability rating
agency EcoVadis. For more information: www.forseepower.com |
@ForseePower
1 Based on a share capital of 71,550,727 shares representing
88,144,817 voting rights, pursuant to paragraph 2 of Article 223-11
of the General Regulations.
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version on businesswire.com: https://www.businesswire.com/news/home/20240212834813/en/
Forsee Power Sophie Tricaud VP Corporate affairs and
Sustainability investors@forseepower.com
NewCap Thomas Grojean Investor Relations
forseepower@newcap.eu +33 (0)1 44 71 94 94
NewCap Nicolas Merigeau Media Relations
forseepower@newcap.eu +33 (0)1 44 71 94 98
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