Bioretec Ltd Company announcement 14 March 2025 at 7:30 p.m. EET
TAMPERE, Finland, March 14, 2025 /PRNewswire/ — Bioretec Ltd has on 14 March 2025 received a notification in accordance with the Securities Market Act, according to which the holdings of shares and votes of W&M GmbH in Bioretec Ltd have on 14 March 2025 crossed the threshold of 5%.
Total position of W&M GmbH according to the notification:
|
% of shares |
% of shares and |
Total of both |
Total number of |
|
|
Resulting situation on the date on which threshold |
5.78 % |
0 % |
5.78 % |
24,566,474 |
|
Position of previous notification (if applicable) |
Notified details of the resulting situation on the date on which the threshold was crossed:
|
Number of shares
|
% of shares
|
|||
|
Class/type of shares |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
Direct (SMA 9:5) |
Indirect (SMA 9:6 and 9:7) |
|
FI4000480454 |
1,419,616 |
0 |
5.78 % |
0 % |
|
SUBTOTAL
|
1,419,616
|
5.78 %
|
||
After 14 March 2025, W&M GmbH holds 5.78% of the shares and votes.
Further enquiries
Johanna Salko, CFO, +358 40 754 8172
Certified adviser
Nordic Certified Adviser AB, +46 70 551 67 29
Bioretec in brief
Bioretec is a globally operating Finnish medical device company that continues to pioneer the application of biodegradable orthopedic implants. The company has built unique competencies in the biological interface of active implants to enhance bone growth and accelerate fracture healing after orthopedic surgery. The products developed and manufactured by Bioretec are used worldwide in approximately 40 countries.
Bioretec is developing the new RemeOs™ product line based on a magnesium alloy and hybrid composite, introducing a new generation of strong absorbable materials for enhanced surgical outcomes. The RemeOs™ implants are absorbed and replaced by bone, which eliminates the need for removal surgery while facilitating fracture healing. The combination has the potential to make titanium implants redundant and help clinics reach their Value-Based Healthcare targets while focusing on value for patients through efficient healthcare. The first RemeOs™ product market authorization has been received in the U.S. in March 2023, and in Europe, the CE mark approval was received in January 2025. Bioretec is positioning itself to enter the addressable USD 9 billion global orthopedic trauma and spine market and to become a game changer in surgical bone fracture treatment.
Better healing – Better life. www.bioretec.com
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SOURCE Bioretec
