Holding(s) In Company
Heights Capital Management, Inc., through CVI Investments, Inc., has reduced its total holding in Faron Pharmaceuticals OY to 21.41%, which includes 8.88% of voting rights attached to shares and 12.53% through financial instruments. This represents a decrease from their previous notification where they held 24.17% of the total voting rights. The threshold was crossed on June 11, 2026, and the issuer was notified on June 12, 2026. The total number of voting rights held in the issuer is 48,784,893.
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| Faron Pharmaceuticals Ltd | Company announcement | June 15, 2026 at 18:00:00 EEST |
TR-1: Standard form for notification of major holdings
- Please indicate if the issuer is a non-UK issuer (please mark with an “X” if appropriate)
| Non-UK issuer | X |
- Reason for the notification (please mark the appropriate box or boxes with an “X”)
| An acquisition or disposal of voting rights | X |
An acquisition or disposal of financial instruments
An event changing the breakdown of voting rights
Other (please specify) iii :
Details of person subject to the notification obligation iv
| Name | Heights Capital Management, Inc. |
| City and country of registered office (if applicable) | San Francisco, California |
Full name of shareholder(s) (if different from 3.) v
| Name | CVI Investments, Inc. |
| City and country of registered office (if applicable) | Cayman Islands |
| 5. Date on which the threshold was crossed or reached vi : | 11/06/2026 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 12/06/2026 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 8.88% | 12.53% | 21.41% | 48,784,893 |
| Position of previous notification (if applicable) | 10.33% | 13.84% | 24.17% | |
| A: Voting rights attached to shares | ||||
| Class/type of shares ISIN code (if possible) | Number of voting rights ix | % of voting rights | ||
| Direct (DTR5.1) | Indirect (DTR5.2.1) | Direct (DTR5.1) | Indirect (DTR5.2.1) | |
| FI4000153309 | 20,224,893 | 28,560,000 | 8.88% | 12.53% |
| SUBTOTAL 8. A | 48,784,893 | 21,41% | ||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||
| Convertible Bond | 08/02/2027 | Anytime until maturity | 11,760,000 | 5.16% |
| Convertible Bond | 12/02/2028 | Anytime until maturity | 16,800,000 | 7.37% |
| SUBTOTAL 8. B 1 | 28,560,000 | 12.53% | ||
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
SUBTOTAL 8.B.2
| Heights Capital Management, Inc. | 8.88% | 12.53% | 21.41% |
| CVI Investments, Inc. | 8.88% | 12.53% | 21.41% |
In case of proxy voting, please identify:
Name of the proxy holder
The number and % of voting rights held
The date until which the voting rights will be held
Additional information xvi
None
| Place of completion | London, United Kingdom |
|---|---|
| Date of completion | 12.06.2026 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.