Tobii AB, a Swedish company specializing in eye-tracking and gaze-control technology, recently saw a significant shift in its ownership structure as several funds managed by Lannebo Capital Management decided to divest their holdings in the company. The funds involved in the sell-off included Öhman Småbolagsfond, Öhman Sweden Micro Cap, Lannebo Sverige Plus, Lannebo Sverige, and Öhman Hälsa och Ny Teknik, collectively offloading over 9.5 million shares valued at 20 million Swedish kronor.
Prior to the sale, Lannebo Capital Management had a stake of around 4.1% in Tobii, but now retains only 110,000 shares in its portfolios, as reported by Holdings. The move to sell off the majority of their holdings in Tobii reflects a strategic realignment of the funds’ investment portfolios and risk management strategies.
In a significant development, Tobii held an extraordinary general meeting on Friday, during which it was resolved to introduce a share investment program for board members of the company. This move aims to align the interests of the board members with those of the shareholders and incentivize long-term value creation for the company.
As a result of the recent divestment by Lannebo Capital Management, the top shareholders of Tobii now include Avanza Pension, the company’s founders Mårten Skogö, Henrik Eskilsson, and John Elvesjö, as well as Nordnet Pensionsförsäkring. This redistribution of ownership reflects a changing landscape in the company’s investor base and may signal new opportunities for strategic partnerships or collaborations in the future.
Overall, the sale of shares by Lannebo Capital Management and the subsequent changes in Tobii’s ownership structure highlight the dynamic nature of the financial markets and the importance of continually reassessing investment strategies in response to market conditions. As Tobii continues to innovate in the field of eye-tracking technology, these developments will be closely monitored by industry analysts and investors alike for potential implications on the company’s growth trajectory and competitive positioning in the market.