Magna Investment reduces stake in ADBIOTECH from 6.08% to 3.95% (Convertible bond redemption)
The stake of the filer (Magna Investment and its specially related parties) in ADBIOTECH decreased from 6.08% (474,849 shares) to 3.95% (361,356 shares), a decline of 2.13 percentage points
The decrease is due to redemption of convertible bonds upon maturity (extinguishment of conversion rights); Magna ABC Fund and Magna VITA Fund redeemed convertible bonds, reducing their shareholdings by 34,047 shares and 79,446 shares respectively
The purpose of holding is stated as simple investment, not for influencing management control