Declaration of Voting Results & Voting Rights Announcements • Dec 21, 2020
Declaration of Voting Results & Voting Rights Announcements
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Disclosure in accordance with the Act of 2 May 2007
Pursuant to Articles 15 §1 and 18 §1 of the Act of 2 May 2007 on the disclosure of significant participations in listed companies, Bekaert publishes the following information:
| Total capital: | € 177 812 000.00 |
|---|---|
| Total number of securities conferring voting rights: | 60 414 841 shares |
| Total number of voting rights (the denominator): | 60 414 841 (one voting right per share) |
| Total number of debentures convertible into securities conferring voting rights: |
3 800 (cf. the additional information provided below) |
|---|---|
| Total number of rights, whether or not reflected by securities, to subscribe for securities |
|
| conferring voting rights yet to be issued: | 63 820 subscription rights (each subscription right entitles the holder to one new share upon exercise) |
| Total number of voting rights that may result from the exercise of such subscription rights: |
63 820 (one voting right per new share) |
| Total number of shares without voting rights: | none |
Capital increase on 18 December 2020 as a result of the exercise of 6 400 subscription rights.
On 19 May 2016, Bekaert issued senior unsecured convertible bonds due 9 June 2021 in a principal amount of € 380 million. Those bonds will from 20 July 2016 till 31 May 2021 be convertible into Bekaert shares at a conversion price of € 50.71 (adjusted conversion price, effective as of 11 May 2018).
Upon receipt of a request for conversion, Bekaert will be able to elect to convert the bonds into new and/or existing Bekaert shares or to redeem them in cash. With a view to mitigate dilution for existing shareholders, Bekaert expects to make use of such possibilities to the extent possible.
If all of the bonds were to be converted into new Bekaert shares at a conversion price of € 50.71, Bekaert would have to issue 7 493 591 new shares, each of which entitling the holder to one vote. The conversion price might have to be revised further in accordance with the conditions of the bonds.
According to Article 12 of the Articles of Association, the provisions of Articles 6 through 17 of the Act apply not only to the legal thresholds of 5 % and of each multiple of 5%, but also to the thresholds of 3% and 7.50%.
The notifications should be transmitted to both NV Bekaert SA and the FSMA. The FSMA recommends transmitting the notifications electronically to the e-mail address [email protected].
It is recommended to transmit notifications to NV Bekaert SA electronically as well, to the attention of [email protected]
Bekaert (bekaert.com) is a world market and technology leader in steel wire transformation and coating technologies. We pursue to be the preferred supplier for our steel wire products and solutions by continuously delivering superior value to our customers worldwide. Bekaert (Euronext Brussels: BEKB) is a global company with 28 000 employees worldwide, headquarters in Belgium and € 5 billion in combined revenue in 2019.
This press release may contain forward-looking statements. Such statements reflect the current views of management regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Bekaert is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release in light of new information, future events or otherwise. Bekaert disclaims any liability for statements made or published by third parties and does not undertake any obligation to correct inaccurate data, information, conclusions or opinions published by third parties in relation to this or any other press release issued by Bekaert.
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