Lifeline SPAC I Plc: Notice pursuant to the Finnish Securities Market Act, Chapter 9, Section 10

Lifeline SPAC I Plc has on 5 July 2024 received a notification in accordance with the Finnish Securities Market Act Chapter 9, Sections 5 and 6, according to which WIP Asset Management Oy’s direct and indirect voting rights have exceeded the level of ten (10) percent of all voting rights in Lifeline SPAC I Plc on 5 July 2024.

 

Total direct and indirect position of WIP Asset Management Oy subject to the notification:

	% of shares and voting rights	% of shares and voting rights through financial instruments	Total of both in %	Total number of shares and voting rights of issuer
Resulting situation on the date on which threshold was crossed or reached	0% of shares, 12.21% of voting rights	0% of shares, 0% of voting rights	0% of shares, 12.21% of voting rights	12,500,000
Position of previous notification (if applicable)	-	-	-

 

Notified details of the resulting situation on the date on which the threshold was crossed or reached:

A: Shares and voting rights

	Number of shares and voting rights		% of shares and voting rights
Class / type of shares	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)	Direct (SMA 9:5)	Indirect (SMA 9:6 and 9:7)
FI4000512496	-	1,526,254	-	12.21%
SUBTOTAL A	1,526,254		12.21%

 

Information in relation to the person subject to the notification obligation:

Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.

Additional information provided by WIP Asset Management Oy in the notification:

The right of WIP Asset Management Oy to use 12.21% of the voting rights in the target company is based on the open-ended proxies given to WIP Asset Management Oy by its investment clients. These proxies entitle WIP Asset Management Oy to represent the shareholders at the target company's general meetings at its own discretion and without instructions from the shareholders. WIP Asset Management Oy intends to exercise its voting rights for the first time at the target company's general meeting preliminarily scheduled to be held on 23 August 2024.

 

For further information, please contact: 

Tuomo Vähäpassi, CEO, Lifeline SPAC I Plc
tuomo.vahapassi@lifeline-spac1.com
+358 40 736 0676

 

Lifeline SPAC I in brief

Lifeline SPAC I Plc is a Finnish Special Purpose Acquisition Company founded for corporate acquisitions. We raised capital with an offering and listed on the SPAC segment of the regulated market of Nasdaq Helsinki. Our objective is to carry out an acquisition within 36 months from the listing. We offer investors an opportunity to invest in companies that retail investors or many institutional investors otherwise would not be able to invest in, because these kinds of investments are typically made by later-stage private equity funds. Our aim is to generate profit for shareholders and increase the value of the target company by supporting its growth and development also after the acquisition. Our primary strategic goal is to identify and merge with an unlisted technology-focused Nordic company with high growth potential.