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CapMan

CapMan is a leading Nordic asset management and investment company. CapMan manages over EUR 5 billion in assets. The company mainly manages investors' assets but also makes direct investments from its balance sheet, mainly into own funds. Current investments strategies cover Buyout, Growth Equity, Real Estate, Natural Capital, Infra, Credit and Special situations. CapMan also has a growing service business consisting of procurement activities provider CaPs.
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Overview

CapMan is a leading Nordic asset management and investment company. CapMan manages over EUR 5 billion in assets. The company mainly manages investors' assets but also makes direct investments from its balance sheet, mainly into own funds. Current investments strategies cover Buyout, Growth Equity, Real Estate, Natural Capital, Infra, Credit and Special situations. CapMan also has a growing service business consisting of procurement activities provider CaPs.
CapMan is set to continue to grow its earnings and increase earnings stability, but current market conditions have posted challenges. An important driver is the increase in fee-based profitability through growth in capital under management, while still being able to maintain a sound cost structure. Additional earnings potential in the upcoming years is offered by the outlook of several of CapMans funds in an approaching carry. Good cash flows and a healthy balance sheet support continued high dividend payouts.

Financial overview

Equity research

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Cap Man logo 1
CapMan - Positive fundraising development

CapMan’s Q1 clearly beat our estimates driven by carried interest and positive fair value changes, but the highlight was still the successful fundraising in Infra II and Growth III.

Company update |
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Cap Man logo 1
CapMan - Good figures across the board

CapMan's turnover in Q1 amounted to EUR 18.4m, above our estimates and consensus (EUR 14.8m/15.1m Evli/cons.). EBIT also above expectations, at EUR 7.3m (EUR 1.2m/3.4m Evli/cons.), largely attributable to larger than estimated carried interest and positive fair value changes.

Earnings Flash |
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Cap Man logo 1
CapMan - Company update - Sights set on growth

CapMan’s Q4 results were below expectations, with revenue of EUR 14.1m (Evli 15.9m) and EBIT of EUR -4.8m (Evli EUR 5.1m). With on-going fundraising and the acquisition of Dasos, clear growth in AUM is expected in 2024.

Company update |
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CapMan - EBIT weakness driven by FV changes

CapMan's net sales in Q4 amounted to EUR 14.1m, below our estimates and below consensus (EUR 15.9m/18.7m Evli/cons.). EBIT also below expectations, at EUR -4.8m (EUR 5.1m/7.3m Evli/cons.). Dividend proposal: CapMan proposes a dividend of EUR 0.10 per share (EUR 0.09/0.09 Evli/Cons.).

Earnings Flash |
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Cap Man logo 1
CapMan - Near-term softness persists

CapMan’s Q3 was below estimates mainly due to carry and FV changes. Potential appears to remain high but near-term market conditions remain uncertain.

Company update |
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CapMan - Fairly decent quarter

CapMan's net sales in Q3 amounted to EUR 13.7m, below our estimates and below consensus (EUR 17.3m/17.3m Evli/cons.). EBIT amounted to EUR 4.8m, also below our estimates and below consensus (EUR 7.0m/7.2m Evli/cons.). Apart from carried interest, CapMan’s Q3 profitability was fairly in line with expectations.

Earnings Flash |
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Cap Man logo 1
CapMan - Investment returns remained weaker

CapMan's net sales in Q2 amounted to EUR 16.5m, below our estimates and below consensus (EUR 18.5m/19.4m Evli/cons.). EBIT amounted to EUR 4.2m, below our estimates and below consensus (EUR 10.7m/10.5m Evli/cons.), on our estimates mainly due to fair value changes.

Earnings Flash |
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CapMan - Year could have kicked off better

CapMan’s Q1 results were quite weak on paper, but the operational performance remained at a rather good level. Despite uncertainties, the outlook in our view remains favourable.

Company update |
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Cap Man logo 1
CapMan - Fair value change driven EBIT decline

CapMan's net sales in Q1 amounted to EUR 15.1m, below our estimates and below consensus (EUR 16.9m/17.2m Evli/cons.). EBIT amounted to EUR 0.5m, below our estimates and below consensus (EUR 11.6m/10.4m Evli/cons.), impacted by negative FV changes and lack of carried interest.

Earnings Flash |
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CapMan - Decent quarter with some surprises

CapMan’s operative performance in Q4 was quite decent with the big surprise being the divestment of JAY Solutions. The outlook for 2023 remains quite good and the investment case attractive despite some uncertainty.

Company update |

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CapMan - Company presentation
Company presentation |

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Company news

CapMan Plc
Stock Exchange Release
11 June 2024 at 14:00 EEST

Listing prospectus for CapMan's EUR 60 million sustainability-linked notes available; listing application submitted

CapMan plc (the "Company") announced on 3 June 2024 its decision to issue new unsecured sustainability-linked notes in the aggregate principal amount of EUR 60 million (the "Notes"). The Notes were issued on 10 June 2024.

The Finnish Financial Supervisory Authority has today approved the listing prospectus of the Notes (the "Prospectus"). The Prospectus is available in English on the Company's website at https://capman.com/shareholders/share-shareholders/debt-information/.

The Company has today submitted an application for the Notes to be admitted to trading on the list of sustainable bonds of Nasdaq Helsinki Ltd. Trading on the Notes is expected to commence on or about 13 June 2024 under the trading code "CAPMJ650029".

The proceeds of the Notes, less costs and expenses incurred by the Company in connection with the issue of the Notes, are used to fund the purchase of existing notes of the Company due 2025 pursuant to the tender offer announced on 24 May 2024 and other general corporate purposes of the group.

OP Corporate Bank plc acted as the sole lead manager for the issue of the Notes (the "Lead Manager").

CAPMAN PLC

For further information, please contact:

Stina Lähteenoja

Communications Manager

+358 45 840 8438

Distribution:

Nasdaq Helsinki

Principal media

www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.

Disclaimer

This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Company. No actions have been taken to register or qualify the Notes, or otherwise to permit a public offering of the Notes, in any jurisdiction. The distribution of this release and the related material concerning the issuance of the Notes may, in certain jurisdictions, be restricted by law. Persons into whose possession this release or any such material may come are required to inform themselves of and observe all such restrictions. This release and any such material may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland. In particular, this release and any such material may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa and any related material concerning the issuance of the Notes may not be sent to any person in the before mentioned jurisdictions. Neither the Company nor the Lead Manager, or their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting the Company's securities, including the Notes, are aware of such restrictions.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933 (as amended, the "U.S. Securities Act"), or under the securities laws of any state or other jurisdiction of the United States. The Notes may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such terms are defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The information provided in this release and any related materials relating to any securities referred to herein is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000, as amended, do not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) are within Article 43(2) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.

CapMan Plc
Stock Exchange Release
3 June 2024 at 18:00 EEST

CapMan Plc (the "Company") announces today the final results of the invitation to all holders of its outstanding EUR 50 million 4.000 per cent notes due 9 December 2025 (ISIN: FI4000456132) (the "Notes") to tender their Notes for cash on the terms and conditions set out in the tender offer memorandum dated 24 May 2024 (the "Tender Offer Memorandum") (the "Tender Offer").

Results of the Tender Offer

The expiration deadline for the Tender Offer was 4:00 p.m. Finnish time (EEST) on 31 May 2024. The aggregate principal amount of the Notes validly tendered by the holders for purchase pursuant to the Tender Offer was EUR 46,049,000.

The Company confirms that the condition relating to the pricing of new euro-denominated notes (the "New Notes") has been fulfilled and, subject to the issuance agreement remaining in full force and effect on the Settlement Date (as defined below), the Company will accept for purchase all such tenders of the Notes pursuant to the terms of the Tender Offer Memorandum.

The settlement date for the Tender Offer and the issue of the New Notes is 10 June 2024 (the "Settlement Date").

The purchase price of the Notes is EUR 1,005 per EUR 1,000 in nominal amount of the Notes. Accrued and unpaid interest will be paid in respect of all Notes accepted for purchase. All the Notes purchased by the Company will be cancelled. The Notes not purchased pursuant to the Tender Offer will remain outstanding.

Additional information may be obtained from the Dealer Manager.

Dealer Manager:

OP Corporate Bank plc

Telephone: +358 50 599 1281

Attention: Thomas Ulfstedt

Email: liabilitymanagement@op.fi

CAPMAN PLC

For further information, please contact:

Stina Lähteenoja

Communications Manager

+358 45 840 8438

Distribution:

Nasdaq Helsinki

Principal media

www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.

Disclaimer

This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Company. The distribution of this release and the related material concerning the Tender Offer may, in certain jurisdictions, be restricted by law. Persons resident outside of Finland may receive this release and the related material concerning the Tender Offer only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction. In particular, this release and any such material or documentation may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa. None of the Company or the Dealer Manager or any of their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting the Company's securities, are aware of these restrictions or not. Please refer to the Tender Offer Memorandum for a full description of such restrictions.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), the securities laws of any state of the United States or other jurisdiction. Any securities referred to herein may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such terms is defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

The information provided in this release and any related materials relating to any securities referred to herein is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000, as amended, do not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) are within Article 43(2) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.

CapMan Plc
Stock Exchange Release
3 June 2024 at 17:30 EEST

CapMan Plc ("Company") issues unsecured sustainability-linked notes in the aggregate principal amount of EUR 60 million (the "Notes"). The Notes will mature on 10 June 2029 and carry initially a fixed annual interest of 6.500 per cent. The issue date for the Notes will be 10 June 2024. The Notes are issued in accordance with the new CapMan Sustainability-Linked Bond Framework published on 24 May 2024 at https://capman.com/shareholders/share-shareholders/debt-information/.

"These are the second sustainability-linked notes issued by CapMan. Linking our financing costs to predefined sustainability objectives supports our vision to be the most responsible private assets investor in the Nordics. We are very pleased with the demand for the Notes. Their issuance extends the average maturity of our bond portfolio, supports our growth objectives, and simultaneously encourages the achievement of our climate goals," says Atte Rissanen, CapMan's CFO.

The Company will submit an application for the Notes to be admitted to trading on the list of sustainable bonds of Nasdaq Helsinki Ltd.

The Company intends to use the proceeds of the Notes, less costs and expenses incurred by the Company in connection with the issue of the Notes, to fund the purchase of existing notes of the Company due 2025 pursuant to the tender offer announced on 24 May 2024 and other general corporate purposes of the group.

OP Corporate Bank plc acts as sole sustainability-linked bond framework adviser and as a sole lead manager for the issue of Notes (the "Lead Manager").

CAPMAN PLC

For further information, please contact:

Stina Lähteenoja

Communications Manager

+358 45 840 8438

Distribution:

Nasdaq Helsinki

Principal media

www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.

Disclaimer

This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Company. No actions have been taken to register or qualify the Notes, or otherwise to permit a public offering of the Notes, in any jurisdiction. The distribution of this release and the related material concerning the issuance of the Notes may, in certain jurisdictions, be restricted by law. Persons into whose possession this release or any such material may come are required to inform themselves of and observe all such restrictions. This release and any such material may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland. In particular, this release and any such material may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa and any related material concerning the issuance of the Notes may not be sent to any person in the before mentioned jurisdictions. Neither the Company nor the Lead Manager, or their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting the Company's securities, including the Notes, are aware of such restrictions.

The Notes have not been and will not be registered under the U.S. Securities Act of 1933 (as amended, the "U.S. Securities Act"), or under the securities laws of any state or other jurisdiction of the United States. The Notes may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such terms are defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

The information provided in this release and any related materials relating to any securities referred to herein is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000, as amended, do not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) are within Article 43(2) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.

CapMan Plc
Stock Exchange Release
31 May 2024 at 18:00 EEST

CapMan announces indicative tender offer results for its outstanding notes due 2025

CapMan Plc (the "Company") announces today the indicative results of the invitation to all holders of its outstanding EUR 50 million 4.000 per cent notes due 9 December 2025 (ISIN: FI4000456132) (the "Notes") to tender the Notes for cash (the "Tender Offer").

The offer period for the Tender Offer expired at 4:00 p.m. Finnish time (EEST) today (the "Expiration Deadline"). At the Expiration Deadline, the aggregate principal amount of Notes validly tendered by the noteholders for purchase was EUR 45,929,000.

Pursuant to the terms of the Tender Offer, the Company has reserved the right, in its sole discretion, to decide on acceptance of the Notes for purchase, including not to accept any Notes for purchase. The acceptance by the Company of any Notes for purchase is subject to, without limitation, the pricing of the potential issue of new euro-denominated notes and other conditions set out in the tender offer memorandum dated 24 May 2024 (the "New Issue Condition"). As at the date of this announcement, the New Issue Condition has not yet been fulfilled.

The non-binding indicative aggregate nominal amount of the Notes expected to be accepted for purchase pursuant to the Tender Offer in the event that the New Issue Condition is satisfied (or waived) is EUR 45,929,000.

The Company expects to announce the final results of the Tender Offer, and whether the New Issue Condition has been fulfilled or waived, as soon as feasible, and no later than 14 June 2024.

Additional information may be obtained from the Dealer Manager.

Dealer Manager:

OP Corporate Bank plc

Telephone: +358 50 599 1281

Attention: Thomas Ulfstedt

Email: liabilitymanagement@op.fi

For further information, please contact:

CAPMAN PLC

For further information, please contact:

Stina Lähteenoja

Communications Manager

+358 45 840 8438

Distribution:

Nasdaq Helsinki

Principal media

www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.

Disclaimer

This release is for information purposes only and is not to be construed as an offer to purchase or sell or a solicitation of an offer to purchase or sell with respect to any securities of the Company. The distribution of this release and the related material concerning the Tender Offer may, in certain jurisdictions, be restricted by law. Persons resident outside of Finland may receive this release and the related material concerning the Tender Offer only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction. In particular, this release and any such material or documentation may not be distributed in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore or South Africa. None of the Company, the Dealer Managers or the Tender Agent or any of their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting the Company's securities, are aware of these restrictions or not. Please refer to the Tender Offer Memorandum for a full description of such restrictions.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), the securities laws of any state of the United States or other jurisdiction. Any securities referred to herein may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons (as such terms is defined in Regulation S under the U.S. Securities Act), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

The information provided in this release and any related materials relating to any securities referred to herein is addressed to and directed only at persons in the United Kingdom in circumstances where provisions of section 21(1) of the Financial Services and Markets Act 2000, as amended, do not apply and are solely directed at persons in the United Kingdom who (a) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (b) are within Article 43(2) of the Order, or other persons to whom they may be lawfully communicated (all such persons together being referred to as "relevant persons"). This release is directed only at relevant persons and any person who is not a relevant person must not act or rely on this release or any of its contents.

CapMan Plc
Stock Exchange Release / Managers' Transactions            
29.5.2024 at 08:00 EEST

CapMan Plc Managers' transactions - Koskinen

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Koskinen, Mika.

____________________________________________

Person subject to the notification requirement

Name: Koskinen, Mika

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 64333/5/4

____________________________________________

Transaction date: 2024-05-27

Venue: XHEL

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: ACQUISITION

Transaction details

(1): Volume: 4580 Unit price: 1.904 EUR

(2): Volume: 249 Unit price: 1.904 EUR

(3): Volume: 965 Unit price: 1.904 EUR

(4): Volume: 249 Unit price: 1.904 EUR

(5): Volume: 900 Unit price: 1.904 EUR

(6): Volume: 976 Unit price: 1.903 EUR

(7): Volume: 976 Unit price: 1.903 EUR

(8): Volume: 3270 Unit price: 1.902 EUR

(9): Volume: 380 Unit price: 1.902 EUR

(10): Volume: 368 Unit price: 1.902 EUR

(11): Volume: 254 Unit price: 1.902 EUR

(12): Volume: 965 Unit price: 1.902 EUR

(13): Volume: 2 Unit price: 1.902 EUR

(14): Volume: 900 Unit price: 1.9 EUR

(15): Volume: 1000 Unit price: 1.9 EUR

(16): Volume: 1571 Unit price: 1.898 EUR

(17): Volume: 1702 Unit price: 1.901 EUR

(18): Volume: 1126 Unit price: 1.903 EUR

(19): Volume: 1788 Unit price: 1.903 EUR

(20): Volume: 2086 Unit price: 1.903 EUR

(21): Volume: 649 Unit price: 1.904 EUR

(22): Volume: 649 Unit price: 1.904 EUR

(23): Volume: 3395 Unit price: 1.902 EUR

(24): Volume: 1000 Unit price: 1.902 EUR

Aggregated transactions (24):

Volume: 30000 Volume weighted average price: 1.90239 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

CapMan Plc
Stock Exchange Release / Inside information
24 May 2024 at 10:15 EEST

Inside Information: CapMan considers issuance of new sustainability-linked notes and announces a voluntary tender offer of its 2025 notes

CapMan Plc (the "Company") is considering the issuance of new sustainability-linked notes (the "New Notes"). The New Notes are contemplated to be issued in accordance with the new CapMan Sustainability-Linked Bond Framework published on 24 May 2024 at https://capman.com/shareholders/share-shareholders/debt-information/. The potential issue of New Notes is expected to take place in the near future subject to market conditions.

At the same time, the Company announces that it invites the holders of its outstanding EUR 50 million 4.000 per cent notes due 9 December 2025 (ISIN: FI4000456132) (the "Notes") (the "Holders") to tender their Notes for cash on the terms and conditions set out in the Tender Offer Memorandum dated 24 May 2024 (the "Tender Offer Memorandum") (the "Tender Offer").

Holders are advised to read carefully the Tender Offer Memorandum for full details of, and information on the procedures for participating in, the Tender Offer. The Tender Offer Memorandum is available from the Dealer Manager (as defined below).

Details of the Tender Offer

The Company proposes to accept for purchase any and all of the Notes, although the Company reserves the right, in its sole discretion, to accept or reject any Notes offered for purchase. Whether the Company will accept for purchase any Notes validly tendered is subject to, without limitation, the pricing of the issue of the New Notes and other conditions set out in the Tender Offer Memorandum (the "New Issue Condition").

The purchase price of the Notes is EUR 1,005 per EUR 1,000 in nominal amount of the Notes. Accrued and unpaid interest will be paid in respect of all Notes accepted for purchase.

When considering allocations of the New Notes, the Company intends to give preference to those investors who have, prior to the allocation of the New Notes, validly tendered Notes or given an indication of firm intention to the Company or the Dealer Manager to tender Notes and subscribe for New Notes. Therefore, a Holder that wishes to subscribe for New Notes in addition to tendering Notes for purchase pursuant to the Tender Offer may be eligible to receive priority in the allocation of the New Notes, at the Company's sole and absolute discretion and subject to the completion of the Tender Offer, the selling restrictions contained in the preliminary listing prospectus  for the New Notes and the satisfaction or waiver of the New Issue Condition. Such priority may be given for an aggregate nominal amount of the New Notes up to the aggregate nominal amount of Notes subject to a Holder's valid tender instruction where an allocation of the New Notes is also requested, subject to the acceptance for purchase by the Company of the Notes so tendered.

Expected Transaction Timeline

Unless extended, re-opened or terminated as provided in the Tender Offer Memorandum, the offer period closes at 4:00 p.m. Finnish time (EEST) on 31 May 2024. Possible announcement of indicative Tender Offer results will be published as soon as practicable after the expiry of the offer period on 31 May 2024. The final Tender Offer results will be announced as soon as practicable after the satisfaction or waiver of the New Issue Condition. Subject to satisfaction of the New Issue Condition, the settlement date for the Tender Offer and the New Notes is expected to be 10 June 2024 and, in any case, no later than 25 June 2024.

Rationale of the Tender Offer

The Company intends to use a part of the proceeds received from the New Notes to fund the purchase of Notes accepted for purchase by the Company in the Tender Offer. The purpose of the Tender Offer in conjunction with the issuance of the New Notes is to proactively manage upcoming debt redemptions and to extend the average debt maturity profile for the Company.

OP Corporate Bank plc acts as sole sustainability-linked bond framework adviser and as lead manager for the issue of New Notes and as the tender agent and dealer manager for the Tender Offer (the "Tender Agent" and the "Dealer Manager").

CAPMAN PLC

For further information, please contact:

Stina Lähteenoja

Communications Manager

+358 45 840 8438

Distribution:

Nasdaq Helsinki

Principal media

www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001.

IMPORTANT NOTICE

Neither this release nor the Tender Offer Memorandum constitutes a recommendation by the Company, the Dealer Manager, the Tender Agent, the Lead Manager, or any of their respective directors, officers, employees, agents or affiliates regarding the Tender Offer or a recommendation as to whether the Holders should tender any Notes in the Tender Offer or a recommendation to subscribe for any notes potentially issued by the Company. The Holders should consult their own tax, accounting, financial and legal advisers and make an independent decision as to whether to tender any Notes held by them for purchase pursuant to the Tender Offer or to invest in any notes potentially issued by the Company.

Distribution Restrictions

General

The distribution of this release and the invitation to tender the outstanding Notes is prohibited by law in certain countries. The Tender Offer of the Notes is not made to the public either inside or outside of Finland. Persons resident outside of Finland may receive the Tender Offer only in compliance with applicable exemptions or restrictions. Persons into whose possession this release may come are required to inform themselves about and comply with such restrictions. This release may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland, including the United States, Australia, Canada, Hong Kong, Singapore, New Zealand, South Africa and Japan. The information contained herein shall not constitute an offer to sell or tender, or a solicitation of an offer to buy or sell the Notes to any persons in any jurisdiction in which such offer, solicitation or sale or tender would be unlawful. The Company's, the Dealer Manager's or the Tender Agent's representatives assume no legal responsibility for such violations, regardless of whether the parties contemplating investing in or divesting the Notes are aware of these restrictions or not.

United States

The Tender Offer is not being made, and will not be made, directly or indirectly in or into, and cannot be accepted, directly or indirectly, from, or by use of the mails of, or by any means or instrumentality of interstate or foreign commerce of or of any facilities of a national securities exchange of, the United States or to any U.S. Person (as defined in Regulation S of the Securities Act (each, a "U.S. Person")). This includes, but is not limited to, facsimile transmission, electronic mail, telex, telephone, the internet and other forms of electronic communication. The Notes may not be tendered in the Tender Offer by any such use, means, instrumentality or facility from or within the United States or by persons located or resident in the United States or by, or by any person acting for the account or benefit of, a U.S. Person. Accordingly, copies of the Tender Offer Memorandum and any other documents or materials relating to the Tender Offer are not being, and must not be, directly or indirectly mailed or otherwise sent, transmitted, distributed or forwarded (including, without limitation, by custodians, nominees trustees or agents) in, into or from the United States or to any persons located or resident in the United States or to any U.S. Person and persons receiving the Tender Offer Memorandum must not mail, send, transmit, distribute or forward it or any other documents or materials relating to the Tender Offer in, into or from the United States.

United Kingdom

The communication of this release and any other documents or materials relating to the Tender Offer is not being made, and such documents and/or materials have not been approved, by an authorized person for the purposes of section 21 of the Financial Services and Markets Act 2000. Accordingly, such documents and/or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents and/or materials as a financial promotion is only being made to those persons in the United Kingdom falling within the definition of investment professionals (as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order")) or persons who are within Article 43(2) of the Financial Promotion Order or any other persons to whom it may otherwise lawfully be made under the Financial Promotion Order.

General

This release does not constitute an offer to buy or the solicitation of an offer to sell Notes (and tenders of Notes in the Tender Offer will not be accepted from Holders) in any circumstances in which such offer or solicitation would be considered unlawful. In those jurisdictions where the securities, investor protection or other laws require the Tender Offer to be made by a licensed broker or dealer and the Dealer Manager or any of the Dealer Manager's affiliates is such a licensed broker or dealer in any such jurisdiction, the Tender Offer shall be deemed to be made by the Dealer Manager or such affiliate, as the case may be, on behalf of the Company in such jurisdiction.

In addition to the representations referred to above and below in respect of the United States, each Holder participating in the Tender Offer will also be deemed to give certain representations in respect of the other jurisdictions referred to above and generally. Any tender of the Notes for purchase pursuant to the Tender Offer from a Holder that is unable to make these representations will not be accepted. Each of the Company, the Dealer Manager and the Tender Agent reserves the right, in its absolute discretion, to investigate, in relation to any tender of the Notes for purchase pursuant to the Tender Offer, whether any such representation given by a Holder is correct and, if such investigation is undertaken and as a result the Company determines (for any reason) that such representation is not correct, such tender shall not be accepted.

Disclaimer

This release is for information purposes only and is not to be construed as an offer to sell any securities of the Company. No actions have been taken to register or qualify the New Notes, or otherwise to permit a public offering of the New Notes, in any jurisdiction. If the Company decides to proceed with the issue of the New Notes, any offering material or documentation related to the New Notes may be received only in compliance with applicable exemptions or restrictions. None of the Company, the Dealer Manager, the Tender Agent nor the Lead Manager or their representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting the Company's securities, including the New Notes, are aware of such restrictions.

The New Notes have not been and will not be registered under the U.S. Securities Act, or under the securities laws of any state or other jurisdiction of the United States. The New Notes may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, U.S. Persons, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act.

CapMan Plc
Stock Exchange Release / Managers' Transactions           
14.5.2024 at 14:15 p.m. EEST

CapMan Plc Managers' Transactions - Äkäs Capital Oy

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Äkäs Capital Oy.

____________________________________________

Person subject to the notification requirement

Name: Äkäs Capital Oy

Position: Member of the Board/Deputy member

(X) Legal person  (1):Person Discharging Managerial Responsibilities In Issuer

Name: Maximilian Marschan

Position: Member of the Board

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 62704/5/4

____________________________________________

Transaction date: 2024-05-10

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009009377

Nature of transaction: ACQUISITION

Transaction details

(1): Volume: 17574 Unit price: 1.948 EUR

Aggregated transactions (1):

Volume: 17574 Volume weighted average price: 1.948 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com  

CapMan Plc
Stock Exchange Release / Managers' Transactions           
14.5.2024 at 14:15 p.m. EEST

CapMan Plc Managers' Transactions - Marschan

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Marschan, Maximilian.

____________________________________________

Person subject to the notification requirement

Name: Maximilian Marschan

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 62695/4/4

____________________________________________

Transaction date: 2024-05-10

Venue: NASDAQ HELSINKI LTD (XHEL)

Instrument type: SHARE

ISIN: FI0009009377

Nature of transaction: DISPOSAL

Transaction details

(1): Volume: 17574 Unit price: 1.948 EUR

Aggregated transactions (1):

Volume: 17574 Volume weighted average price: 1.948 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

CapMan Plc
Stock Exchange Release / Managers' Transactions           
10.5.2024 at 11:00 a.m. EEST

CapMan Plc Managers' transactions - Olsson

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Olsson, Anna.

____________________________________________

Person subject to the notification requirement

Name: Olsson, Anna

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 743700498L5THNQWVL66_20240508145636_46

____________________________________________

Transaction date: 2024-05-08

Venue not applicable

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 9160 Unit price: 0.00 EUR

Aggregated transactions

(1): Volume: 9160 Volume weighted average price: 0.00 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com 

CapMan Plc
Stock Exchange Release / Managers' Transactions           
10.5.2024 at 11.00 a.m. EEST

CapMan Plc Managers' transactions - Matikainen

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Matikainen, Mika.

____________________________________________

Person subject to the notification requirement

Name: Matikainen, Mika

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 743700498L5THNQWVL66_20240508145636_39

____________________________________________

Transaction date: 2024-05-08

Venue not applicable

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 17734 Unit price: 0.00 EUR

Aggregated transactions

(1): Volume: 17734 Volume weighted average price: 0.00 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com  

CapMan Plc
Stock Exchange Release / Managers' Transactions           
10.5.2024 at 11:00 a.m. EEST

CapMan Plc Managers' transactions - Sulin

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Sulin, Heidi.

____________________________________________

Person subject to the notification requirement

Name: Sulin, Heidi

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 743700498L5THNQWVL66_20240508145636_37

____________________________________________

Transaction date: 2024-05-08

Venue not applicable

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 42497 Unit price: 0.00 EUR

Aggregated transactions

(1): Volume: 42497 Volume weighted average price: 0.00 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com  

CapMan Plc
Stock Exchange Release / Managers' Transactions           
10.5.2024 at 11:00 a.m. EEST

CapMan Plc Managers' transactions - Simula

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Simula, Mari.

____________________________________________

Person subject to the notification requirement

Name: Simula, Mari

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 743700498L5THNQWVL66_20240508145636_38

____________________________________________

Transaction date: 2024-05-08

Venue not applicable

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 43243 Unit price: 0.00 EUR

Aggregated transactions

(1): Volume: 43243 Volume weighted average price: 0.00 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

CapMan Plc
Stock Exchange Release / Managers' Transactions           
10.5.2024 at 11:00 a.m. EEST

CapMan Plc Managers' transactions - Marschan

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Marschan, Maximilian.

____________________________________________

Person subject to the notification requirement

Name: Marschan, Maximilian

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 743700498L5THNQWVL66_20240508145636_45

____________________________________________

Transaction date: 2024-05-08

Venue not applicable

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 17574 Unit price: 0.00 EUR

Aggregated transactions

(1): Volume: 17574 Volume weighted average price: 0.00 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com 

CapMan Plc
Stock Exchange Release / Managers' Transactions           
10.5.2024 at 11:00 a.m. EEST

CapMan Plc Managers' transactions - Kummu

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Kummu, Antti.

____________________________________________

Person subject to the notification requirement

Name: Kummu, Antti

Position: Other senior manager

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 743700498L5THNQWVL66_20240508145636_43

____________________________________________

Transaction date: 2024-05-08

Venue not applicable

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 18373 Unit price: 0.00 EUR

Aggregated transactions

(1): Volume: 18373 Volume weighted average price: 0.00 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com  

CapMan Plc
Stock Exchange Release / Managers' Transactions           
10.5.2024 at 11:00 a.m. EEST

CapMan Plc Managers' transactions - Rissanen

CapMan Plc has received the following notification under Article 19 of the Market Abuse Regulation from Rissanen, Atte.

____________________________________________

Person subject to the notification requirement

Name: Rissanen, Atte

Position: Chief Financial Officer

Issuer: CapMan Oyj

LEI: 743700498L5THNQWVL66

Notification type: INITIAL NOTIFICATION

Reference number: 743700498L5THNQWVL66_20240508145636_41

____________________________________________

Transaction date: 2024-05-08

Venue not applicable

Instrument type: SHARE

ISIN: FI0009009377

Nature of the transaction: RECEIPT OF A SHARE-BASED INCENTIVE

Transaction details

(1): Volume: 53255 Unit price: 0.00 EUR

Aggregated transactions

(1): Volume: 53255 Volume weighted average price: 0.00 EUR

CAPMAN PLC

Tiina Halmesmäki
General Counsel

Distribution:
Nasdaq Helsinki
Principal media
www.capman.com

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and €5.7 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com  

Shareholders Date % of Shares % of Votes
Silvertärnan Ab 30.06.2024 12.8% 12.8%
Hozainum Partners Oy 30.06.2024 5.1% 5.1%
Ilmarinen Mutual Pension Insurance Company 30.06.2024 4.9% 4.9%
Laakkonen Mikko Kalervo 30.06.2024 3.9% 3.9%
Dolobratos Oy Ab 30.06.2024 3.1% 3.1%
Varma Mutual Pension Insurance Company 30.06.2024 2.1% 2.1%
Joensuun Kauppa Ja Kone Oy 30.06.2024 1.9% 1.9%
Vesasco Oy 30.06.2024 1.8% 1.8%
The State Pension Fund 30.06.2024 1.4% 1.4%
Danske Invest Finnish Equity Fund 30.06.2024 1.3% 1.3%

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Company Facts

CEO Pia Kåll
CFO Atte Rissanen
IR Linda Tierala
Market cap (EURm) 315
Industry Diversified Financial Services
Ticker CAPMAN

Guidance

CapMan expects assets under management and fee profit to grow in 2024 (excl. possible IAC).

Financial targets

Over 10% average annual growth of Mangement Company and Services business. Return on equity over 20%. Equity ratio over 60%. Annually increasing dividend.

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