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12.04.2016 15:20:36
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Disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act
BIOTIE THERAPIES CORP. STOCK EXCHANGE RELEASE April 12, 2016 at 4.20 p.m.
Disclosure under Chapter 9, Section 5 of the Finnish Securities Markets Act
Biotie Therapies Corp. (Nasdaq Helsinki BTH1V; NASDAQ: BITI) ("Biotie" or the "Company") has on April 11, 2016 received a notification in accordance with Chapter 9, Section 5 of the Finnish Securities Markets Act from Vivo Capital VIII, LLC on behalf of itself and Vivo Capital Fund VIII, L.P.
According to the notification, the total number of Biotie shares owned directly or through financial instruments by Vivo Capital VIII, LLC and its funds has fallen below the threshold of 5 per cent on 11 April, 2016. Biotie's registered total number of shares and voting rights amounting to 1,089,608,083 has been used in the calculation of percentages for the announcement.
Total positions of Vivo Capital VIII, LLC and its funds subject to the notification:
| % of shares and voting rights (total of A) | % of shares and voting rights through financial instruments (total of B) | Total of both in % (A+B) | |
| Resulting situation on the date on which threshold was crossed or reached | Below 5 % | Below 5 % | Below 5 % |
| Position of previous notification (if applicable) | 8.98 | 4.78 | 13.76 |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
|
Class/type of shares ISIN code (if possible) | Number of shares and voting rights | % of shares and voting rights | ||
|
Direct
(SMA 9:5) |
Indirect
(SMA 9:6 and 9:7) |
Direct
(SMA 9:5) |
Indirect
(SMA 9:6 and 9:7) | |
| Shares (FI0009011571) | - | - | - | - |
| American Depositary Shares (ADS), each representing 80 Shares (FI0009011571) | - | - | - | - |
| SUBTOTAL A | Below 5 % | |||
B: Financial instruments according to SMA 9:6a
| Type of financial instrument | Expiration date |
Exercise/ Conversion period | Physical or cash settlement | Number of shares and voting rights | % of shares and voting rights |
| Warrants entitling to subscribe for Shares (FI0009011571) | Nov 1, 2020 | Nov 1, 2015 - Nov 1, 2020 | Physical settlement | - | - |
| SUBTOTAL B | Below 5 % |
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| Vivo Capital VIII, LLC | Below 5 % | Below 5 % | Below 5 % |
| Vivo Capital Fund VIII, L.P. | Below 5 % | Below 5 % | Below 5 % |
| Vivo Capital Surplus Fund VIII, L.P. | Below 5 % | Below 5 % | Below 5 % |
According to the notification, Vivo Capital VIII, LLC is the general partner of (i) Vivo Capital Fund VIII, L.P. and (ii) Vivo Capital Surplus Fund VIII, L.P. Further according to the notification, neither Vivo Capital VIII, LLC nor any other entity under its control holds shares or financial instruments in the Company exceeding a notification threshold.
In Turku, April 12, 2016
Biotie Therapies Corp.
Timo Veromaa
President and CEO
For further information, please contact:
Virve Nurmi, Investor Relations Manager, Biotie Therapies Corp.
tel. +358 2 274 8900, e-mail: virve.nurmi@biotie.com
DISTRIBUTION:
Nasdaq Helsinki Ltd
Main Media
www.biotie.com
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Biotie Therapies Oyj via Globenewswire
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