Platin S.a r.l. Discloses 55.4M Oatly Shares; 9.1% Ownership

Rhea-AI Filing Summary

Platin S.a r.l. and Olivier Goudet report joint beneficial ownership of 55,400,000 Ordinary Shares of Oatly Group AB, equal to 9.1% of the company's outstanding ordinary shares based on 606,215,420 shares outstanding as of June 30, 2025. The shares are held via ADSs (CUSIP 67421J207), with each ADS representing 20 Ordinary Shares. Platin is Luxembourg-based and majority owned/controlled by Mr. Goudet. Reporting persons declare no sole voting or dispositive power and state the holdings were not acquired to change or influence control.

Positive

• Material stake disclosed: 55,400,000 shares (9.1%) increases transparency about ownership concentration
• Schedule 13G filing: Indicates passive intent rather than an active attempt to change control
• Clear provenance: Filing identifies Platin as Luxembourg entity majority owned/controlled by Olivier Goudet and provides corporate addresses and ADS mechanics (20 Ordinary Shares per ADS)

Negative

• None.

Insights

Securities Analyst

TL;DR: Platin/Founder-representative discloses a material passive stake of 9.1% in OTLY, disclosed under Schedule 13G.

This filing notifies the market that a single Luxembourg entity and its controlling individual collectively hold 55.4 million ordinary shares (9.1%). The filing under Schedule 13G indicates the holders represent passive investors rather than active control seekers. The absence of sole voting or dispositive power suggests shared control within the entity structure. For investors, the disclosure increases transparency about ownership concentration but does not signal an imminent governance change.

Corporate Governance Expert

TL;DR: A disclosed >5% position triggers governance visibility; filing asserts non-control intent.

Ownership at 9.1% is material for governance considerations because it can influence activist attention or board dynamics if converted to active engagement. However, the certification and Schedule 13G treatment specify the position is passive and not intended to alter control. The joint filing and signature by the reporting persons comply with SEC disclosure requirements, providing clear audit trail and accountability.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Oatly Group AB

(Name of Issuer)

Ordinary Shares, par value $0.00018 per share

(Title of Class of Securities)

67421J207

(CUSIP Number)

08/28/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 67421J207

1

Names of Reporting Persons

Platin S.a r.l.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

LUXEMBOURG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 55,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 55,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

55,400,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.1 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Percent of Ordinary Shares beneficially owned is based on 606,215,420 shares of Oatly Group AB's (the "Company") Ordinary Shares, par value $0.00018 per share, outstanding as of June 30, 2025, as reported in the Company's Current Report on Form 6-K filed with the Securities and Exchange Commission (the "SEC") on July 23, 2025.

SCHEDULE 13G

CUSIP No. 67421J207

1

Names of Reporting Persons

Olivier Goudet

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

FRANCE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 55,400,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 55,400,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

55,400,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.1 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: Percent of Ordinary Shares beneficially owned is based on 606,215,420 Ordinary Shares outstanding as of June 30, 2025, as reported in the Company's Current Report on Form 6-K filed with the SEC on July 23, 2025.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Oatly Group AB
(b)	Address of issuer's principal executive offices: Angfarjekajen 8, Malmo, Sweden 211 19
Item 2.
(a)	Name of person filing: This Schedule 13G is filed by Platin S.a r.l., a private limited liability company incorporated under the laws of Luxembourg ("Platin"), with respect to the Ordinary Shares, par value $0.00018 per share ("Ordinary Shares"), of Oatly Group AB (the "Company") represented by American Depositary Shares ("ADSs") of the Company, which are quoted on the Nasdaq Global Select Market under the symbol "OTLY." Platin is majority owned and controlled by Olivier Goudet (together with Platin, the "Reporting Persons"). There is no CUSIP number assigned to the Ordinary Shares. The CUSIP Number 67421J207 has been assigned to the ADSs. Each ADS represents 20 Ordinary Shares.
(b)	Address or principal business office or, if none, residence: 40 avenue Monterey, L-2163 Luxembourg
(c)	Citizenship: Luxembourg
(d)	Title of class of securities: Ordinary Shares, par value $0.00018 per share
(e)	CUSIP No.: 67421J207
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Platin beneficially owns 55,400,000 Ordinary Shares. Mr. Goudet may be deemed, for purposes of Rule 13d-3 under the Exchange Act, to share with Platin the power to vote or dispose, or to direct the voting or disposition of, the 55,400,000 Ordinary Shares beneficially owned by Platin. Therefore, for the purpose of Rule 13d-3, each of such Reporting Persons may be deemed to be the beneficial owners of an aggregate of 55,400,000 Ordinary Shares.
(b)	Percent of class: The Reporting Persons beneficially own 9.1% percent of the outstanding Ordinary Shares based on 606,215,420 Ordinary Shares outstanding as of June 30, 2025, as reported in the Company's Current Report on Form 6-K filed with the SEC on July 23, 2025.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 55,400,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 55,400,000
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Platin S.a r.l.

Signature:	/s/ Jonathan Norman
Name/Title:	Jonathan Norman
Date:	09/02/2025

Olivier Goudet

Signature:	/s/ Olivier Goudet
Name/Title:	Olivier Goudet
Date:	09/02/2025

Exhibit Information

Joint Filing Agreement

FAQ

What stake in Oatly (OTLY) do Platin S.a r.l. and Olivier Goudet report?

They report beneficial ownership of 55,400,000 Ordinary Shares, equal to 9.1% of outstanding shares based on 606,215,420 shares.

Is this filing an attempt to take control of Oatly (OTLY)?

No. The filing is made on Schedule 13G and includes a certification that the securities were not acquired to change or influence control; voting and dispositive powers are reported as shared.

How are the reported shares held and what CUSIP applies?

Holdings are represented by ADSs quoted on Nasdaq (symbol OTLY); the ADS CUSIP is 67421J207 and each ADS represents 20 Ordinary Shares.

When is the outstanding share count used to calculate the percentage?

The percentage is based on 606,215,420 Ordinary Shares outstanding as of June 30, 2025, per the company Form 6-K referenced in the filing.

Who signed the Schedule 13G filing for Platin and Olivier Goudet?

Platin's signature is by Jonathan Norman (on behalf of Platin S.a r.l.), and Olivier Goudet signed for himself; both signatures are dated 09/02/2025.