Technopolis Plc (OMXH: TPS1V) has today received information from BNP Paribas Investment Partners that the combined holding of Technopolis’ shares in its funds had decreased below 10% on 20 October 2010 and below one twentieth (5%) on 17 January 2012. The combined holding of BNP Paribas Investment Partners and its funds in Technopolis is now 4.19%.
Finnish Securities Market Act states that an owner needs to notify the company and the Financial Supervisory Authority when its holding in a listed company exceeds or falls below 1/20th, 1/10th, 3/20th, 1/5th, 3/10th, 50% or 2/3th without any unnecessary delay. Failure to do so has normally resulted in a slap on the wrist if anything.
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