Canada Pension Plan Investment Board Crosses Threshold in ELIS

On July 9, 2025, the Canada Pension Plan Investment Board (CPPIB) announced that it had crossed the 20% voting rights threshold in ELIS. As of July 3, 2025, CPPIB held 28,108,795 shares, representing 11.88% of the share capital and 20.39% of the voting rights. This change results from a decrease in the total number of voting rights in ELIS.

CPPIB, acting alone and without consultation, plans to increase its stake based on market opportunities. However, CPPIB does not plan to take control of ELIS and supports its current strategy. Furthermore, CPPIB has not entered into any reverse repurchase agreements, with the exception of a 514-share consumer loan with Ms. Amy Flikerski, a member of ELIS's supervisory board.