Aurubis AG

Declaration of Voting Results & Voting Rights Announcements • Mar 9, 2020

News Details

Voting Rights Announcements | 9 March 2020 14:59

Aurubis AG: Release according to Article 40, Section 1 of the WpHG [the German Securities Trading Act] with the objective of Europe-wide distribution

Aurubis AG

09.03.2020 / 14:59

Dissemination of a Voting Rights Announcement transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Regarding their voting rights notification submitted on October 8, 2019, Silchester International LLP, London, United Kingdom, informed us of the following on March 5, 2020 in accordance with Section 43 of the German Securities Trading Act (WpHG):

• Silchester International Investors LLP (‘Silchester’) does not currently intend to become involved in Aurubis AG’s (‘Aurubis’) day to day business activities or any of its subsidiaries. Silchester will, however, exercise any voting rights and/or its rights as a minority shareholder for the purpose of carrying out the fiduciary duties it owes to its clients as investment manager. The exercise of such rights may include, but is not limited to, making a request for a dividend increase or change in the frequency/quantity of repurchase of own shares, cancellation of treasury stock or any other capital allocation policies. The aim of the investment is implementing strategic objectives whilst not excluding the realisation of trading profits.

• Silchester currently plans to acquire further voting rights of Aurubis within the next twelve months by means of a purchase or by other means, but preserves the right to abstain from doing so in the future.

• Silchester does not currently seek to appoint any specific members to Aurubis’s administrative, managing and/or supervisory bodies, but preserves the right to do so in the future. Silchester will exercise its rights as a minority shareholder as required and provide input to Aurubis on operational and corporate matters. This may include issues such as the composition of Aurubis’s administrative, managing and/or supervisory bodies, experience of management, etc.

• Silchester does not currently intend to achieve a material change in Aurubis’s capital structure and/or its dividend policy, but preserves the right to do so in the future. Silchester will exercise any voting rights and/or its rights as a minority shareholder for the purpose of carrying out the fiduciary duties it owes to its clients as investment manager. The exercise of such rights may include, but is not limited to, making a request for a dividend increase or change in the frequency/quantity of repurchase of Aurubis shares, cancellation of treasury stock or any of other capital allocation policies.

• In respect of the origin of the funds used to acquire the voting rights, Silchester notified Aurubis that Silchester have been appointed as the investment manager to five large collective investment schemes. Silchester, as investment manager, has full discretionary authority over the securities that are purchased and sold by these collective investment schemes as well as all proxy voting and corporate action decisions. The collective investment schemes are the legal owners of the Aurubis shares. The acquisition these shares is financed by 100% of each collective investment scheme’s own funds (Eigenmittel).

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Language:	English
Company:	Aurubis AG
	Hovestrasse 50
	20539 Hamburg
	Germany
Internet:	www.aurubis.com

End of News	DGAP News Service