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0 0 -7.56248503257483E-05 0.000466353243675878 0.0011847893217712 0.00213009995084392 0.00240739106870528 0.00240739106870528
Stock impact report

Forsee Power Clarifies the Crossing of a Technical Threshold by Mitsui & Co, Ltd. [Yahoo! Finance]

MITSUI & CO LTD ADR (MITSY) 
US:NASDAQ Investor Relations: mitsui.com/us
Company Research Source: Yahoo! Finance
systems for sustainable electromobility, provides clarification regarding the technical threshold crossing by Mitsui & Co, Ltd. On February 6, 2024, Mitsui & Co, Ltd declared that it had crossed below the threshold of 25% of the company's voting rights and held 19,064,883 FORSEE POWER shares representing 21,129,766 voting rights, i.e. 26.65% of the company's capital and 23.97% of its voting rights. This downward threshold crossing is in no way the result of a withdrawal from the capital of Mitsui & Co, Ltd. It is a technical threshold crossing resulting from the loss of double voting rights following the early conversion to bearer form of part of their FORSEE POWER shares, with the aim of ensuring that Mitsui & Co, Ltd does not exceed the threshold of 30% of voting rights, which would trigger the filing of a mandatory public tender offer. This conversion to bearer shares is in no way the result of a strategic decision. About Forsee Power Forsee Power is a French industrial group s Show less Read more
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