Nanollose (ASX:NC6) announced a change in its shareholder structure, as ConBrio Beteiligungen, along with associated entities, have ceased to be substantial holders in the company.
The change was effective as of Dec. 20, 2024, and involved share dilution through the issuance of new shares.
The prior notice was submitted to the company on Dec. 19, 2024, indicating the quick succession of developments regarding the shareholders' status.
The entities affected include ConBrio Beteiligungen, 51 Funds Management, and other German firms such as Deutsche Balaton Aktiengesellschaft and VV Beteiligungen Aktiengesellschaft. Wilhelm K.T.
Zours, an individual from Heidelberg, Germany, is also named as ceasing to be a substantial holder.
The addresses listed for each of these entities are predominantly in Heidelberg, Germany, except for 51 Funds Management, which is based in Cottesloe, Western Australia.
A significant part of the change can be attributed to the dilution resulting from the issue of new shares.
This development impacts the voting securities and hence the influence on company decisions.
Nanollose is an ASX-listed biomaterials company engaged in commercialising scalable technology to create fibres, fabrics, and other novel materials with minimal environmental impact.