Paris, February 12, 2024 – 5:45 p.m. CET – Forsee Power (FR0014005SB3 – FORSE – the “Company”), expert in intelligent battery systems for sustainable electromobility, provides clarification regarding the technical threshold crossing by the company Mitsui & Co , Ltd.
Mitsui & Co, Ltd declared that it had crossed downward, on February 6, 2024, the threshold of 25% of the company’s voting rights and held 19,064,883 FORSEE POWER shares representing 21,129,766 voting rights, or 26.65% of the capital and 23.97% of the voting rights of the company. This downward crossing of the threshold is in no way the result of a withdrawal from the capital of Mitsui & Co, Ltd. This is a crossing of a technical threshold resulting from the loss of double voting rights following the early transfer to bearer form of part of their FORSEE POWER securities with the aim of Mitsui & Co, Ltd not does not exceed the threshold of 30% of voting rights which would generate the filing of a mandatory public offer. This conversion to bearer is in no way the result of a strategic decision.
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