Radforsk's Zelluna ownership temporarily dips below 10%

Radforsk Investeringsstiftelse's shareholding in Zelluna ASA temporarily fell below the 10% threshold, as disclosed under Section 4-2 of the Norwegian Securities Trading Act. This temporary change occurred due to a share lending agreement linked to Zelluna's recent private placement and a retail offering.

Initially holding 2,469,693 shares, representing 12.07% of Zelluna, Radforsk lent 742,289 existing shares. This facilitated delivery versus payment settlement for Tranche 1 of the private placement and the retail offering. Consequently, Radforsk's stake temporarily reduced to 1,727,404 shares, equivalent to 8.45% of the total shares and votes in the company.

Upon the issuance of 4,045,413 new shares from Tranche 1 and the retail offering, the lent shares will be returned to Radforsk. This will restore its holding to 2,469,693 shares, which will then represent 10.08% of Zelluna's total shares and votes, thereby crossing back above the 10% threshold.