Major Shareholding Notification • May 25, 2016
Major Shareholding Notification
Open in ViewerOpens in native device viewer
Brussels, 25 May 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:
BNP Paribas Investment Partners sa, having its address at 14 rue Bergère du Progrès in 75009 Paris (France), together with BNP Paribas Investment Partners UK Ltd and BNP Paribas Investment Partners Belgium sa, has notified Recticel and the FSMA that on 12 May 2016 they have crossed upwards the statutory threshold of 3%.
BNP Paribas Investment Partners UK Ltd and BNP Paribas Investment Partners Belgium sa informed they now hold a participation in Recticel of respectively 1,111,088 and 504,656 shares, in total 1,615,744 shares or 3.01% of the total number of shares outstanding.
BNP Paribas Investment Partners UK Ltd and BNP Paribas Investment Partners Belgium sa are controlled by BNP Paribas Investment Partners SA.
The declarations can be found on the web site of Recticel (http://www.recticel.com/index.php/investor-relations/shareholders/shareholding-notification-obligation).
***
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 53,731,608 shares (including own treasury shares).
***
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 |
€ 134 329 020 |
|---|---|
| - Total number of shares in issue (with voting rights) |
53 731 608 |
| Total number of outstanding warrants1 - |
3 018 856 |
| 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.
2 Each bond (nominal value: € 50 000) can be converted into 5,175.98 new ordinary shares on the basis of the current conversion price (€ 9.66). If all the bonds are converted, an additional 5,947,204 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 General Meeting | 31.05.2016 (at 10:00 AM CET) |
|---|---|
| Ex-coupon date | 01.06.2016 |
| Record date | 02.06.2016 |
| Dividend payment date | 03.06.2016 |
| First half-year 2016 results |
26.08.2016 (before opening of the stock exchange) |
| Third quarter 2016 trading update |
31.10.2016 (before opening of the stock exchange) |
RECTICEL - Olympiadenlaan 2, B-1140 Brussels (Evere)
Mr Olivier Chapelle Mr Michel De Smedt Tel: +32 2 775 18 01 Mobile: +32 479 91 11 38
PRESS INVESTOR RELATIONS
[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 7,598 people in 98 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 1.3 billion (IFRS 11 consolidated sales: EUR 1.0 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
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.