Core Viewpoint - Sycamore Partners Management, L.P. has reported a decrease in its aggregate ownership in Rapala VMC Corporation, falling below the 10% threshold as of June 9, 2025 [1]. Group 1: Shareholder Notification - Cermak Road LLC's ownership in Rapala VMC Corporation is now at 9.66%, down from a previous 14.09% [2][3]. - The total number of shares held by Cermak Road LLC is 3,754,986 [3]. Group 2: Company Overview - Rapala VMC Corporation is a leading global fishing tackle company with a net sales of EUR 221 million in 2024 and employs approximately 1,400 people across 40 countries [5]. - The company has a strong brand portfolio, including well-known brands such as Rapala, VMC, Sufix, and 13Fishing, and has been listed on the Nasdaq Helsinki stock exchange since 1998 [5].

Core Points - The Annual General Meeting (AGM) of Rapala VMC Corporation adopted the financial statement for the financial year 2024 and discharged the Board of Directors, CEO, and deputy CEO from liability [1] - The AGM approved the Board's proposal to not pay any dividend for the financial year 2024 [2] - The Board of Directors consists of six members, with annual fees set at EUR 25,000 for each member and EUR 70,000 for the Chairman [3] Board and Auditor Decisions - Alexander Rosenlew was elected as Chairman of the Board, and Deloitte Ltd was appointed as the company's auditor, with Jenny Lindvall as the principal auditor [4] - Deloitte Ltd was also elected as the sustainability reporting assurer, with Jenny Lindvall serving as the principal sustainability reporting assurer [5] Share Issuance and Repurchase Authorizations - The AGM authorized the Board to issue a maximum of 3,900,000 shares, representing 10% of total shares, with specific provisions for management incentives [6] - The Board was also authorized to repurchase up to 2,000,000 shares, approximately 5.13% of total shares, for various strategic purposes [7] Company Overview - Rapala VMC Group is a leading fishing tackle company with net sales of EUR 221 million in 2024 and employs around 1,400 people across approximately 40 countries [9]