Holding(s) In Company
Heights Capital Management, Inc., through CVI Investments, Inc., has acquired a significant stake in Faron Pharmaceuticals Ltd, now holding a total of 20.25% of the voting rights. This comprises 8.95% directly attached to shares and an additional 11.30% through financial instruments, specifically convertible bonds with maturities in February 2027 and February 2028. The threshold was crossed on September 4, 2026, with the total number of voting rights held amounting to 46,154,796. This represents a decrease from their previous holding of 20.72%.
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| Faron Pharmaceuticals Ltd | Company announcement | September 07, 2026 at 18:30:00 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 : | 04/09/2026 |
| 6. Date on which issuer notified (DD/MM/YYYY): | 04/09/2026 |
- Total positions of person(s) subject to the notification obligation
| Resulting situation on the date on which threshold was crossed or reached | 8.95% | 11.30% | 20.25% | 46,154,796 |
| Position of previous notification (if applicable) | 9.41% | 11.30% | 20.72% | |
| 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) | |
| 20,394,796 | 25,760,000 | 8.95% | 11.30% | |
| SUBTOTAL 8. A | 46,154,796 | 20.25% | ||
| B 1: Financial Instruments according to DTR5.3.1R (1) (a) | ||||
| Convertible Bond | 08/02/2027 | Anytime until maturity | 10,080,000 | 4.42% |
| Convertible Bond | 12/02/2028 | Anytime until maturity | 15,680,000 | 6.88% |
| SUBTOTAL 8. B 1 | 25,760,000 | 11.30% | ||
B 2: Financial Instruments with similar economic effect according to DTR5.3.1R (1) (b)
SUBTOTAL 8.B.2
| Heights Capital Management, Inc. | 8.95% | 11.30% | 20.25% |
| CVI Investments, Inc. | 8.95% | 11.30% | 20.25% |
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 | 04.09.2026 |
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.