PRESS RELEASE: REGULATED INFORMATION
3 October 2023, 7:00 CEST
Disclosure of transparency notification
Mechelen, Belgium, 3 October 2023 – Biocartis Group NV (the ‘Company’ or ‘Biocartis’), an innovative molecular diagnostics company (Euronext Brussels: BCART), announces today, in accordance with Article 14, paragraph 1 of the Belgian Act of 2 May 2007 on the disclosure of major shareholdings in issuers of which shares are admitted to trading on a regulated market and laying down miscellaneous provisions (the "Belgian Transparency Act"), that on 28 September 2023 it received a transparency notification indicating that on 15 September 2023 Johnson & Johnson Innovation – JJDC, Inc. (organized as a New Jersey corporation) (“Old JJDC”) has merged with and into a newly-formed Delaware corporation (which has the same name as Old JJDC, such name being "Johnson & Johnson Innovation – JJDC, Inc.") (“New JJDC”), with such Delaware corporation being the surviving entity under the merger. As a result of the aforementioned merger, Old JJDC’s equity interests in Biocartis Group NV have been transferred to New JJDC by operation of law.
The notification contains the following information:
- Reason for the notification: Acquisition or disposal of voting securities or voting rights.
- Notification by: A parent undertaking or a controlling person.
- Persons subject to the notification requirement: Johnson & Johnson, One Johnson & Johnson Plaza, New Brunswick, New Jersey, USA 08933, and Johnson & Johnson Innovation - JJDC, Inc. (Delaware), 410 George Street, New Brunswick, New Jersey, USA 08901.
- Transaction date: 15 September 2023.
- Threshold that is crossed: 3%.
- Denominator: 93,915,910.
- Notified details: Johnson & Johnson Innovation - JJDC, Inc. (Delaware) holds 3,843,804 shares in Biocartis Group NV. Johnson & Johnson Innovation - JJDC, Inc. (New Jersey) (no longer in existence) no longer holds any shares in Biocartis Group NV.
- Full chain of controlled undertakings through which the holding is effectively being held: Johnson & Johnson Innovation - JJDC, Inc. (Delaware) is a wholly owned subsidiary of Johnson & Johnson (NYSE: JNJ). Johnson & Johnson is not a controlled entity.
- Additional information: On 12 November 2021, Johnson & Johnson (NYSE: JNJ), the parent company of (former entity) Old JJDC, announced its intent to separate and spin off its consumer health business into a new publicly traded company, Kenvue Inc., which completed its initial public offering on 8 May 2023. In connection with this separation, Old JJDC has merged with and into New JJDC. As a result of the aforementioned merger, Old JJDC’s equity interests in Biocartis Group NV have been transferred to New JJDC by operation of law. The aforementioned merger has taken place on 15 September 2023.
For further information, reference is made to the notification which are available here on the Biocartis website.
Pursuant to the Belgian Transparency Act and the articles of association of the Company, a notification to the Company and the Belgian Financial Services and Markets Authority (‘FSMA’) is required by all natural and legal persons in each case where the percentage of voting rights in the Company held by such persons reaches, exceeds or falls below the threshold of 3%, 5%, 10%, and every subsequent multiple of 5%, of the total number of voting rights in the Company.
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More information:
Investor Relations Biocartis
e-mail ir@biocartis.com
About Biocartis
With its revolutionary and proprietary Idylla™ Platform, Biocartis (Euronext Brussels: BCART) aspires to enable personalized medicine for patients around the world through universal access to molecular testing, by making molecular testing actionable, convenient, fast and suitable for any lab. The Idylla™ Platform is a fully automated sample-to-result, real-time PCR (Polymerase Chain Reaction) based system designed to offer in-house access to accurate molecular information in a minimum amount of time for faster, informed treatment decisions. Idylla™'s continuously expanding menu of molecular diagnostic tests address key unmet clinical needs, with a focus in oncology. This is the fastest growing segment of the molecular diagnostics market worldwide. Today, Biocartis offers tests supporting melanoma, colorectal, lung and liver cancer, as well as for sepsis. More information: www.biocartis.com. Follow us on Twitter: @Biocartis_.
Biocartis and Idylla™ are registered trademarks in Europe, the United States and other countries. The Biocartis and Idylla™ trademark and logo are used trademarks owned by Biocartis. Please refer to the product labeling for applicable intended uses for each individual Biocartis product.
This press release is not for distribution, directly or indirectly, in any jurisdiction where to do so would be unlawful. Any persons reading this press release should inform themselves of and observe any such restrictions. Biocartis takes no responsibility for any violation of any such restrictions by any person. This press release does not constitute an offer or invitation for the sale or purchase of securities in any jurisdiction. No securities of Biocartis may be offered or sold in the United States of America absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended.
Forward-looking statements
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company's or, as appropriate, the Company directors' or managements' current expectations and projections concerning future events such as the Company's results of operations, financial condition, liquidity, performance, prospects, growth, strategies and the industry in which the Company operates. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward-looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person's officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.
