Duell Corporation (“Duell“ or the “Company”) has on March 6, 2023, received a notification in accordance with Section 12 of Duell’s articles of association from Universal-Investment-Gesellschaft mit beschränkter Haftung, according to which Berenberg European Micro Cap’s, total position through indirect holdings of shares and votes and through financial instruments increased above the threshold of 5 percent on March 2, 2023.
Total positions of Berenberg in the Company according to the notification:
| % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both in % |
Resulting situation on the date which threshold was crossed or reached | 7.93 | 0.00 | 7.93 |
Position of previous notification (if applicable) | n/a | n/a | n/a |
Notified details of the resulting situation on the date on which the threshold was crossed:
A: Shares and voting rights
| Number of shares and voting rights
| % of shares and voting rights | ||
Class/type of shares | Direct ownership | Indirect ownership | Direct ownership | Indirect ownership |
FI4000513072 |
| 2,420,816 |
| 7.93 |
SUBTOTAL A | 2,420,816 | 7.93 | ||
For additional information, please contact:
Jarkko Ämmälä, CEO
Duell Corporation
+358 50 056 5149
[email protected]
Pellervo Hämäläinen, Communications and IR Manager
Duell Corporation
+358 40 674 5257
[email protected]
Certified Advisor
Oaklins Merasco Oy
+358 9 312 9670
Duell Corporation (Duell) is an import and wholesale company based in Mustasaari, Finland, established in 1983. Duell imports, manufactures, and sells products through an extensive distribution network in Europe covering 8,500 dealers. The range of products includes 150,000 items under 500 brands. The assortment covers spare parts and accessories for motorcycling, bicycling, ATVs/UTVs, mopeds and scooters, snowmobiling and boating. Logistics centres are located in Finland, Sweden, Netherlands and France. Duell’s net sales in 2022 was EUR 124 million and it employs over 200 people. Duell’s shares were listed in November 2021 and are traded on the First North Marketplace. www.duell.eu
