Holding(s) In Company
Heights Capital Management, Inc., through CVI Investments, Inc., has reduced its total holding in Faron Pharmaceuticals OY to 20.52%, comprising 7.99% of voting rights attached to shares and 12.53% through financial instruments, specifically convertible bonds maturing in February 2027 and February 2028. This represents a decrease from their previous notification where their total holding was 21.41%. The acquisition or disposal of voting rights triggered this notification, which was made on July 23, 2026, with the threshold crossing occurring on July 22, 2026.
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| Faron Pharmaceuticals Ltd | Company announcement | July 24, 2026 at 09:00:00 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 : | 22/07/2026 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 23/07/2026 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 7.99% | 12.53% | 20.52% | 46,774,836 |
| Position of previous notification (if applicable) | 8.88% | 12.53% | 21.41% | |
| 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) | |
| 18,214,836 | 28,560,000 | 7.99% | 12.53% | |
| SUBTOTAL 8. A | 46,774,836 | 20.52% | ||
| 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. | 7.99% | 12.53% | 20.52% |
| CVI Investments, Inc. | 7.99% | 12.53% | 20.52% |
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 | 23.07.2026 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.