Major Shareholding Notification • Nov 4, 2016
Major Shareholding Notification
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Brussels, 04 November 2016 – 18:00 CET
The information provided below constitutes regulated information as defined in the Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments, which have been admitted for trading on a regulated market.
Under the Articles of Association of Recticel SA/NV, each shareholder holding 3% or more of the Recticel shares conferring voting rights must disclose this to the company and to the Belgian Financial Services and Markets Authority (FSMA). Each fall below, or rise above, this first threshold of 3% and subsequent thresholds of 5% or a multiple of 5%, must be disclosed.
In accordance with the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel (Euronext: REC) makes the following announcement:
Dimensional Holdings Inc, together with Dimensional Fund Advisors LP, both having their address at 6300 Bee Cave Road Building One, Austin, Texas 78746 (USA), have notified Recticel and the FSMA that on 31 October 2016 they have crossed downwards the statutory threshold of 3%, and that they now hold in total 1,596,684 Recticel shares or 2.95% of the total number of shares outstanding (previously: 1,620,249 shares or 3.003% of total number of shares outstanding).
Dimensional Holdings Inc, in its capacity as general partner of Dimensional Fund Advisors LP, is the ultimate controller but Dimensional Fund Advisors LP (and its subsidiaries) are the discretionary investment managers who exercise the voting rights associated with the shares held in the funds and segregated accounts they manage. Pursuant to voting agreements, David Booth and Rex Sinquefield, both shareholders of Dimensional Holding Inc, have the power to appoint the majority of the directors of the entity.
The declarations can be found on the web site of Recticel (http://www.recticel.com/index.php/investor-relations/shareholders/shareholding-notification-obligation).
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Notifications of significant holdings or changes to such holdings, arising from the Act of 2 May 2007 and Recticel n.v./s.a.'s Articles of Association, should be sent to [email protected].
In accordance with the current Belgian transparency legislation (Act of 2 May 2007 – Royal Decree of 14 February 2008), the denominator to be used for the notification is 54,041,016 shares (including own treasury shares).
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Disclosure in accordance with the provisions of the Act of 2 May 2007
In accordance with Articles 15, §1 and 18, §1 of the Act of 2 May 2007 on the disclosure of significant holdings in listed companies, Recticel also discloses the following information:
| - Total subscribed capital |
€ 135 102 540 |
|---|---|
| - Total number of shares in issue (with voting rights) |
54 041 016 |
| Total number of outstanding warrants1 - |
2 709 448 |
| Total number of outstanding convertible bonds2 - |
1 149 |
1 After adjustment following the capital increase of 13 May 2015. Each warrant entitles the holder to subscribe to 1 new ordinary share.
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2 Each bond (nominal value: € 50 000) can be converted into 5,241.09 new ordinary shares on the basis of the current conversion price (€ 9.54). If all the bonds are converted, an additional 6,022,012 ordinary shares can therefore be created. The conversion price is adjustable in accordance with the usual conditions. The convertible bonds bought back by the Group in 2008, 2009 and 2011 have not been deducted. On 23 July 2014, one bond has been prematurely reimbursed following the exercise of the put option by the investor.
| Annual Results 2016 |
27.02.2017 (before opening of the stock exchange) |
|---|---|
| First quarter 2017 trading update |
26.04.2017 (before opening of the stock exchange) |
| Annual General Meeting | 30.05.2017 (at 10:00 AM CET) |
| First half-year 2017 results |
31.08.2017 (before opening of the stock exchange) |
| Third quarter 2017 trading update |
31.10.2017 (before opening of the stock exchange |
RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)
PRESS INVESTOR RELATIONS
Mr Olivier Chapelle Mr Michel De Smedt Tel: +32 2 775 18 01 Mobile: +32 479 91 11 38
[email protected] [email protected]
Recticel is a Belgian Group with a strong European dimension, but it also operates in the rest of the world. Recticel employs about 7,600 people in 97 establishments in 27 countries.
Recticel contributes to daily comfort with foam filling for seats, mattresses and slat bases of top brands, insulation material, interior comfort for cars and an extensive range of other industrial and domestic applications.
Recticel is the Group behind well-known bedding brands (Beka®, Lattoflex®, Literie Bultex®, Schlaraffia®, Sembella®, Swissflex®, Superba®, Ubica®, etc.) and GELTEX® inside. Within the Insulation sub-segment highquality thermal insulation products are marketed under the well-known brands Eurowall®, Powerroof®, Powerdeck® and Powerwall®. Technological progress and innovation have led to breakthrough at the biggest names in the Automotive industry thanks to Colofast®, Colosense® and Colosense Lite®.
In 2015 Recticel achieved combined sales of EUR 1.33 billion (IFRS 11 consolidated sales: EUR 1.03 billion).
Recticel (Euronext: REC – Reuters: RECTt.BR – Bloomberg: REC:BB) is listed on Euronext in Brussels.
The press release is available in English, Dutch and French on the website www.recticel.com
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