Press Releases June 3, 2026 11:54 AM

Director/PDMR Shareholding

Director and PDMR Shareholdings Resulting From Distribution and Conversion of Octave Depository Receipts

By Nina Shah OCTV

Octave Intelligence plc announces the acquisition and automatic conversion of Octave Swedish Depository Receipts (SDRs) into Octave class B ordinary shares by several Directors and Persons Discharging Managerial Responsibilities (PDMRs). The transactions are part of a distribution of shares to Hexagon AB (publ) shareholders, with shares listed both on Nasdaq Stockholm and the Nasdaq Stock Market in New York.

Director/PDMR Shareholding
OCTV

Key Points

  • Directors and key management received Octave SDRs in proportion to their holdings in Hexagon AB shares as part of a distribution.
  • The SDRs were automatically converted into Octave ordinary shares, which are listed on Nasdaq in the US under ticker OCTV.
  • This transaction reflects Octave's continued integration and shareholder distribution process following the spin-off from Hexagon AB.
  • Affected sectors include technology and software, considering Octave Intelligence's business focus, and the capital markets sector due to cross-listing and share distribution mechanics.

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them

[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)] 

1Details of the person discharging managerial responsibilities/person closely associated

a)NameVivek Mokashi



 

 2Reason for the notification

a)Position/statusChief Technology Officer

 
 b)Initial Notification AmendmentInitial Notification



3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)NameOctave Intelligence plc (“Octave”)


 b)LEI254900BNJKBGSU9LON27


 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)Description of the financial instrument,
type of
instrument
Identification codeOctave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. 

Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8.



b)Nature of the transaction  1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”).

2. Automatic conversion of OCTV SDRs into OCTV Shares.  

c)Price(s) and volume(s)     Price(s)Volume(s)  1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution.
2. $0.00

1. 1727 OCTV SDRs.
2. 1727 OCTV shares.      d)Aggregated information
— Aggregated volume
— Price

N/A



e)Date of the transaction1. 2026-05-28
2. 2026-05-28

The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026.

f)Place of the transactionOutside a trading venue

 
 g)Additional InformationOCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433.

OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8.

   

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1Details of the person discharging managerial responsibilities/person closely associated

a)NameJennifer Kaplan 



 

 2Reason for the notification

a)Position/statusChief People Officer

 
 b)Initial Notification AmendmentInitial Notification



3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)NameOctave Intelligence plc (“Octave”)


 b)LEI254900BNJKBGSU9LON27


 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)Description of the financial instrument,
type of
instrument
Identification codeOctave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433.

Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8.



b)Nature of the transaction  1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”).

2. Automatic conversion of OCTV SDRs into OCTV Shares.

c)Price(s) and volume(s)     Price(s)Volume(s)  1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution.
2. $0.001. 1551 OCTV SDRs.
2. 1551 OCTV shares.      d)Aggregated information
— Aggregated volume
— Price

N/A



e)Date of the transaction1. 2026-05-28
2. 2026-05-28


The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026.

f)Place of the transactionOutside a trading venue

 
 g)Additional InformationOCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433.

OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8.

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1Details of the person discharging managerial responsibilities/person closely associated

a)NameBenjamin Maslen





 
2Reason for the notification

a)Position/statusChief Financial Officer

 
 b)Initial Notification AmendmentInitial Notification

 
  3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)NameOctave Intelligence plc (“Octave”)

 b)LEI254900BNJKBGSU9LON27

 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)Description of the financial instrument,
type of
instrument
Identification codeOctave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. 

Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8.



b)Nature of the transaction  1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”).

2. Automatic conversion of OCTV SDRs into OCTV Shares.

3. Acquisition of OCTV SDRs in connection with the Distribution.  

 
c)Price(s) and volume(s)     Price(s)Volume(s)  1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. 
2. $0.00 
3. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution. 

1. 3524 OCTV SDRs.
2. 3524 OCTV shares.
3. 1199 OCTV SDRs.


 


     d)Aggregated information
— Aggregated volume
— Price


N/A



e)Date of the transaction1. 2026-05-28
2. 2026-05-28 
3. 2026-05-31  

For transactions 1 and 2: The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026. 

For transaction 3:  The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 31 May 2026. 

f)Place of the transactionOutside a trading venue


g)Additional InformationOCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. 

OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8.

   

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1Details of the person discharging managerial responsibilities/person closely associated

a)NameMattias Stenberg



 2Reason for the notification

a)Position/statusCEO / Board Member  

 

 b)Initial Notification AmendmentInitial Notification

 
  3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)NameOctave Intelligence plc (“Octave”)

 b)LEI254900BNJKBGSU9LON27

 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted


a)Description of the financial instrument,
type of
instrument
Identification code

Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. 

Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8.

b)Nature of the transaction  1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”).

2. Automatic conversion of OCTV SDRs into OCTV Shares.  

3. Acquisition of OCTV SDRs in connection with the Distribution.
c)Price(s) and volume(s)     Price(s)Volume(s)  1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution.
2. $0.00
3. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution.

1. 2303 OCTV SDRs.
2. 2303 OCTV shares.
3. 16817 OCTV SDRs.


 


     d)Aggregated information
— Aggregated volume
— Price

N/Ae)Date of the transaction1. 2026-05-28 
2. 2026-05-28 
3. 2026-06-01  


For transactions 1 and 2: The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026.

For transaction 3:  The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 01 June 2026. 

f)Place of the transactionOutside a trading venue
 

g)Additional InformationOCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. 

OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8.


   

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1Details of the person discharging managerial responsibilities/person closely associated

a)NameAnthony Zana

 



 
2Reason for the notification

a)Position/statusChief Legal Officer and Corporate Secretary


 b)Initial Notification AmendmentInitial Notification


  3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)NameOctave Intelligence plc (“Octave”)

 b)LEI254900BNJKBGSU9LON27

 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)Description of the financial instrument,
type of
instrument
Identification codeOctave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. 

Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8.



b)Nature of the transaction  1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”).

2. Automatic conversion of OCTV SDRs into OCTV Shares.

3. Acquisition of OCTV SDRs in connection with the Distribution.

c)Price(s) and volume(s)     Price(s)Volume(s)  1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution.
2. $0.00
3. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution.

1. 1683 OCTV SDRs.
2. 1683 OCTV shares.
3. 2277 OCTV SDRs.


 


     d)Aggregated information
— Aggregated volume
— Price


N/A



e)Date of the transaction
  1. 2026-05-28
  2. 2026-05-28
  3. 2026-06-01
For transactions 1 and 2: The Octave SDRs were distributed as part of the Distribution and automatically converted into Octave Shares, with the Octave Shares being received by the PDMR on 28 May 2026.

For transaction 3:  The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 01 June 2026.


f)Place of the transactionOutside a trading venue

 

g)Additional InformationOCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. 

OCTV Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8.


   

Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
 [This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]

1Details of the person discharging managerial responsibilities/person closely associated

a)NameMichael Scott Moore

 


 

2Reason for the notification

a)Position/statusChief Operating Officer

 b)Initial Notification AmendmentInitial Notification


  3Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor


a)NameOctave Intelligence plc (“Octave”)

 b)LEI254900BNJKBGSU9LON27

 4Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)Description of the financial instrument,
type of
instrument
Identification code

Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433. 
b)Nature of the transaction  1. Acquisition of OCTV SDRs in connection with the distribution of shares in Octave to Hexagon AB (publ) shareholders (the “Distribution”).

 
c)Price(s) and volume(s)     Price(s)Volume(s)  1. Distribution ratio applicable under the terms of the Distribution, being one Octave SDR for every ten Hexagon Class B Shares held on the record date for the Distribution.1. 15000 OCTV SDRs.


 


     d)Aggregated information
— Aggregated volume
— Price


N/A


e)Date of the transaction1. 2026-06-01

The Octave SDRs were distributed as part of the Distribution with the Octave SDRs being received by the PDMR on 01 June 2026.
 
f)Place of the transactionOutside a trading venue
 

g)Additional InformationOCTV SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433. 

   

Risks

  • The share distribution and conversion process could cause short-term share price volatility or uncertainty among investors.
  • As the transactions occurred outside a trading venue, liquidity and timing of share placement might be concerns for minority shareholders.
  • Cross-jurisdictional regulatory compliance risks are inherent given listings on both Nasdaq Stockholm and Nasdaq US markets, affecting investor confidence and market stability.

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